This paper analyzes Taiwan's post-World War II development success as a consequence of the mutually beneficial interactions between its export performance and domestic growth. Not only does trade stimulate growth, but the reverse causality also holds true. Growth enhances trade performance by augmenting domestic response capapbilities to new export opportunities, and by stimulating previously dormant demands for goods and services, thereby creating a two-way linkage.
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Paper provided by Yale - Economic Growth Center in its series Papers with number
758.
Find related papers by JEL classification: N65 - Economic History - - Manufacturing and Construction - - - Asia including Middle East O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development O53 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East