Download or read book Economic Transformation of Taiwan, ROC written by Guoding Li and published by London : Shepheard-Walwyn Publishers. This book was released on 1988 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the Communists gained control of mainland China 40 years ago, Taiwan has transformed itself from an embattled and impoverished island to one of the world's leading trading nations today, with a massive balance of payments surplus. The achievement is all the more remarkable as the country has scarcely any natural resources and has had to maintain an expensive defence capability, unlike Japan.