What was the economic development of taiwan ?

ANSWER:

Taiwan has witnessed rapid 'economic development' over the 'last five decades'.

EXPLANATION:

The growth of the economy of Taiwan can be attributed to 'rapid industrialization' of the country. The government of Taiwan has played a major role in the economic development of the country by allowing expansion of exports and the development of several industries. Taiwan also has been able to achieve full-employment and an equitable distribution of income leading to a stabilized economy.The growing and progressive economy of Taiwan has enabled it to become one of the 'four Asian Tigers'.