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Taiwan's Economic Prosperity
- Taiwan is a highly productive and prosperous economy, ranked 12th worldwide by purchasing power parity.
- It demonstrates what mainland China could have achieved without missteps in governance.
Infrastructure Fueled Growth
- Taiwan's government invested heavily in infrastructure projects in the 1980s to support industry development.
- These projects were crucial turning points beyond just semiconductor manufacturing for Taiwan's economy.
State-Owned Industries Sustain Economy
- Taiwan developed state-owned industries like steel mills and shipyards to ensure economic self-reliance.
- These industries still operate today, contributing ongoing employment and value.