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Taiwan Miracle
Period of rapid economic growth in Taiwan, as one of the Four Asian Tigers
Taiwan Miracle
The Taiwan Miracle (Chinese: 臺灣奇蹟; Tongyong Pinyin: Táiwān Cíjī; Tâi-lô: Tâi-uân Kî-Tsik) or Taiwan Economic Miracle refers to Taiwan's rapid economic development to a developed, high-income country during the latter half of the twentieth century. As it developed alongside South Korea, Singapore, and Hong Kong, Taiwan became known as one of the "Four Asian Tigers". Taiwan was the first developing country to adopt an export-oriented trade strategy after World War II.
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