1. Taiwan is a 'mature' NIC a Newly-industrialised Country. It began its process of industrialisation and globalisation in the late 1960s.
2. Taiwan's official name is 'The Republic of China' with its capital city Taipei.
3. The 'Taiwan Economic Miracle' occurred in the latter half of the 20th century and is one of the Four Asian Tigers that globalised their economies via development of manufacturing industry.
4. The Four Asian Tigers (NICs) that industrialised from the 1960s are Taiwan, Singapore, South Korea and Hong Kong.
5. In 2001, agriculture constituted only 2% of GDP showing the shift from primary to secondary industrial employment had occurred.
6. The traditional, labour-intensive Taiwanese industries are now being move offshore to China. A good example of this is the manufacture of plastic toys and shoes has now shifted from Taiwan to China.
7. One of Taiwan's flagship companies is Acer, a Taiwanese company famous for making computers. Set up in 1976, it is now the world's third largest computer company (by sales).
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