Taiwan’s Development Experience: Lessons on Roles of Government and Market

This text scrutinizes the main features of the Taiwanese development experience under five interrelated themes and domains: outward-orientation vs. inward-orientation; sources of growth; dynamic balanced growth process and the interaction between agricultural and non-agricultural sectors; the role of government in the transition to a more market-oriented economy; and the potential transferability of the Taiwanese development experience to developing countries. In addition to highlighting the essential contributions of papers, the editors also bring out the views and contributions, under each of the above headings, of two distinguished former Cornell University colleagues who are honored at the sponsoring conference, T.C. Liu and S.C. Tsiang.