The Taiwanese Economy after the Miracle: An Industry in Restructuration, Structural Weaknesses and the Challenge of China

The Taiwanese economic miracle is over. At the end of the 1980s, changes in macroeconomic conditions forced Taiwanese industry to restructure. While it moved towards information technology, the island became increasingly tied to the mainland. By speeding up the integration of Taiwan with China by means of a China-Taiwan economic zone, President Ma Ying-jeou hopes to restart growth, but the economic and political consequences of the project are causing controversy.