The Taiwanese development experience from the late 1890s to 1960 is examined. It is argued that Taiwan does not represent a model of development that can be easily reproduced in many of today's less-developed nations. Socio-economic development of this territory during the Japanese colonial...

The author re-evaluates the import substitution strategy of economic development and explains why, in so many cases, the strategy seemed to fail. However, he also shows that there are indeed some very prominent cases of success (e.g. in Japan, Taiwan and South Korea) utilizing this strategy and...