The Trade-Growth Nexus in Taiwan's Development
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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|Date of creation:||1996|
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