Hrvatsko društvo ekonomista

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April 2020. ::: Vol.71 No. 02

Miljenko Antić

HOW A TIGER BECAME A PUSSYCAT: A COMPARISON OF ECONOMIC DEVELOPMENT OF TAIWAN AND MAINLAND CHINA https://doi.org/10.32910/ep.71.2.4 Pregledni rad Based on capitalism and socialist measures, Taiwan not only achieved better results than Mainland China during the 1949-91 period, but also better results than any other country in the world in promoting economic growth. A lack of market was the main disadvantage of Mainland China during this period of time. However, its successful pro-market reforms and unsuccessful reforms in Taiwan (based on privatization), reversed the tide. During the last quarter of the century, Mainland China has more efficient economic system than Taiwan. As a result, Mainland China became the world’s leading economic power in 2014 and it continues to have higher rates of growth than Taiwan. Taiwan; China; development; economic growth; privatization Puni tekst: engleski, pdf (912 KB)

HOW A TIGER BECAME A PUSSYCAT: A COMPARISON OF ECONOMIC DEVELOPMENT OF TAIWAN AND MAINLAND CHINA

https://doi.org/10.32910/ep.71.2.4

Pregledni rad

Based on capitalism and socialist measures, Taiwan not only achieved better results than Mainland China during the 1949-91 period, but also better results than any other country in the world in promoting economic growth. A lack of market was the main disadvantage of Mainland China during this period of time. However, its successful pro-market reforms and unsuccessful reforms in Taiwan (based on privatization), reversed the tide. During the last quarter of the century, Mainland China has more efficient economic system than Taiwan. As a result, Mainland China became the world’s leading economic power in 2014 and it continues to have higher rates of growth than Taiwan.

Taiwan; China; development; economic growth; privatization

Puni tekst: engleski, pdf (912 KB)