Economic Freedom: An Unheralded Driver of Taiwanese Prosperity

Discussions of Taiwanese economic growth and prosperity usually return to some version of a familiar refrain: Taiwan’s trade-dependent economy is driven by a competitive manufacturing sector that specializes in the production of electronics and machinery. Or, that Taiwan prospers because it successfully manufactures and markets quality high-end semiconductors and other electronic components. While there is truth in this, such oversimplifications miss another key part of the story behind Taiwan’s success: economic freedom.Read More