3min chapter

Economics Explained cover image

Taiwan is More Than Microchips and Tensions With China

Economics Explained

CHAPTER

Taiwan on the Economics Explained National Leaderboard

Taiwan has a nominal GDP of $762 billion, making it the 21st largest economy in the world. The country now has a robust democratic process and well-functioning legal system. It's also highly dependent on exports but still lags behind major industrial superpowers.

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