Economic Strategies

1950s In Pursuit of Stability and Self-sufficiency
Introducing economic planning in 1953 after the completion of postwar rehabilitation
Implementing a land-reform program, stimulating agricultural production, and promoting economic stability
Developing labor-intensive import-substituting industries to reduce the trade deficit
1960s Expanding Exports of Light Industry
Encouraging saving, investment, and exports
Introducing new agricultural products
Establishing export-oriented industries and export-processing zones
1970s Developing Basic and Heavy Industries
Improving infrastructural facilities and eliminating transport bottlenecks
Establishing intermediate-goods industries
Developing basic and heavy industries
1980s Economic Liberalization and Technology-Oriented Development
Restructuring industrial production and expanding R&D spending
Expanding domestic demand to improve the trade imbalance
1990s Coping with Change and Setting New Priorities
Stepping up public investment and improving the investment climate
Speeding up deregulation to increase national competitiveness
Enforcing pollution controls and rationalizing land use to promote sustainable development
Encouraging more balanced economic and social development to improve the quality of life
Developing Taiwan into an Asia-Pacific Regional Operations Center
2000s Taiwan as a "Green Silicon Island"
2008 Regenerating Taiwan's economic miracle
i-Taiwan 12 Projects

Source: Bureau of Foreign Trade, MOEA and Relevant National Statistics Offices