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Economic history of Taiwan
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Economic history of Taiwan
The recordkeeping and development of the economic history of Taiwan started in the Age of Discovery. In the 17th century, the Europeans realized that Taiwan is located on the strategic cusp between the Far East and Southeast Asia. Two main European empires that competed to colonize it were the Dutch and Spanish Empires. Taiwan also became an intermediate destination for trade between Western European empires and East Asia states. The history of Taiwan as a colony of the Dutch Empire, Kingdom of Tungning, Qing China, and Empire of Japan between 1630 and 1945 was based heavily on economics.
In the 1950s, the ROC government, retreated to Taiwan after losing the Chinese Civil War, carried out land reform policies such as the 37.5% Arable Rent Reduction Act. In the 1960s, the agrarian economy was replaced with light industry as small and medium enterprises started to form. From 1966 to 1980, Taiwan's economy was gradually stabilized as the Ten Major Construction Projects laid a foundation in further economic developments. After the 1980s, the role of government in the economy gradually lessened as many government-owned corporations were privatized.
According to archaeological evidences, Taiwan has been inhabited by human since the late Upper Paleolithic (ca. 50,000 - 10,000 BP). One of the first civilizations developed was the Changpin culture (Chinese: 長濱文化) in southern Taiwan. Many archaeological sites of Neolithic civilizations were found in the Taipei basin in northern Taiwan. The economic activities during this period, which cannot be described with detail as there was no written language, were fishing, gathering, and farming.[citation needed]
Analysis of spores and pollen grains in sediment of Sun Moon Lake suggests that traces of slash-and-burn agriculture started in the area since 11,000 years ago, and ended 4,200 years ago, when abundant remains of rice cultivation were found in such period.
In the early Neolithic period, jade was used only for tools such are adzes, axes and spear points. From about 2500 BC, jade ornaments began to be produced, peaking in sophistication between 1500 BC and 1 AD, particularly in the Beinan Culture of southern Taiwan. All the jade found on Taiwan came from a deposit of green nephrite at Fengtian, near modern Hualien City. Nephrite from Taiwan began to appear in the northern Philippines between 1850 and 1350 BC, spawning the Philippine jade culture. Around the beginning of the Common Era, artisans in Taiwan switched from jade to metal, glass and carnelian. However, Philippine craftsmen continued to work jade from Taiwan until around 1000 AD, producing lingling-o pendants and other ornaments, which have been found throughout southeast Asia.
Artifacts of iron and other metals appeared on Taiwan around the beginning of the Common Era. At first these were trade goods, but by around 400 AD wrought iron was being produced locally using bloomeries, a technology possibly introduced from the Philippines. Distinct Iron Age cultures have been identified in different parts of the island: the Shihsanhang Culture (十三行文化) in the north, the Fanzaiyuan Culture (番仔園) in the northwest, the Daqiuyuan Culture (大邱園) in the hills of southwest Nantou County, the Kanding Culture in the central west, the Niaosung Culture in the southwest, the Guishan Culture (龜山) at the southern tip of the island, and the Jingpu Culture (靜浦) on the east coast. The earliest trade goods from China found on the island date from the Tang dynasty (618–907 AD).
In the early 17th century, the Dutch East India Company originally only traded along the Pescadores. However, the Ming Dynasty claimed the archipelago to be part of its territory and drove out the Dutch. The Dutch were forced to retreat to the main island of Taiwan, then known as Formosa. They established a trading post in Tayoan (modern-day Tainan City).
The Dutch recognized the significance of cane sugar as an export product and extensively developed the industry in the areas under their control. Dutch exports of sugar rose rapidly throughout their colonial tenure and had reached 1,300 tons by 1660, a tenfold increase from 1636.
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Economic history of Taiwan
The recordkeeping and development of the economic history of Taiwan started in the Age of Discovery. In the 17th century, the Europeans realized that Taiwan is located on the strategic cusp between the Far East and Southeast Asia. Two main European empires that competed to colonize it were the Dutch and Spanish Empires. Taiwan also became an intermediate destination for trade between Western European empires and East Asia states. The history of Taiwan as a colony of the Dutch Empire, Kingdom of Tungning, Qing China, and Empire of Japan between 1630 and 1945 was based heavily on economics.
In the 1950s, the ROC government, retreated to Taiwan after losing the Chinese Civil War, carried out land reform policies such as the 37.5% Arable Rent Reduction Act. In the 1960s, the agrarian economy was replaced with light industry as small and medium enterprises started to form. From 1966 to 1980, Taiwan's economy was gradually stabilized as the Ten Major Construction Projects laid a foundation in further economic developments. After the 1980s, the role of government in the economy gradually lessened as many government-owned corporations were privatized.
According to archaeological evidences, Taiwan has been inhabited by human since the late Upper Paleolithic (ca. 50,000 - 10,000 BP). One of the first civilizations developed was the Changpin culture (Chinese: 長濱文化) in southern Taiwan. Many archaeological sites of Neolithic civilizations were found in the Taipei basin in northern Taiwan. The economic activities during this period, which cannot be described with detail as there was no written language, were fishing, gathering, and farming.[citation needed]
Analysis of spores and pollen grains in sediment of Sun Moon Lake suggests that traces of slash-and-burn agriculture started in the area since 11,000 years ago, and ended 4,200 years ago, when abundant remains of rice cultivation were found in such period.
In the early Neolithic period, jade was used only for tools such are adzes, axes and spear points. From about 2500 BC, jade ornaments began to be produced, peaking in sophistication between 1500 BC and 1 AD, particularly in the Beinan Culture of southern Taiwan. All the jade found on Taiwan came from a deposit of green nephrite at Fengtian, near modern Hualien City. Nephrite from Taiwan began to appear in the northern Philippines between 1850 and 1350 BC, spawning the Philippine jade culture. Around the beginning of the Common Era, artisans in Taiwan switched from jade to metal, glass and carnelian. However, Philippine craftsmen continued to work jade from Taiwan until around 1000 AD, producing lingling-o pendants and other ornaments, which have been found throughout southeast Asia.
Artifacts of iron and other metals appeared on Taiwan around the beginning of the Common Era. At first these were trade goods, but by around 400 AD wrought iron was being produced locally using bloomeries, a technology possibly introduced from the Philippines. Distinct Iron Age cultures have been identified in different parts of the island: the Shihsanhang Culture (十三行文化) in the north, the Fanzaiyuan Culture (番仔園) in the northwest, the Daqiuyuan Culture (大邱園) in the hills of southwest Nantou County, the Kanding Culture in the central west, the Niaosung Culture in the southwest, the Guishan Culture (龜山) at the southern tip of the island, and the Jingpu Culture (靜浦) on the east coast. The earliest trade goods from China found on the island date from the Tang dynasty (618–907 AD).
In the early 17th century, the Dutch East India Company originally only traded along the Pescadores. However, the Ming Dynasty claimed the archipelago to be part of its territory and drove out the Dutch. The Dutch were forced to retreat to the main island of Taiwan, then known as Formosa. They established a trading post in Tayoan (modern-day Tainan City).
The Dutch recognized the significance of cane sugar as an export product and extensively developed the industry in the areas under their control. Dutch exports of sugar rose rapidly throughout their colonial tenure and had reached 1,300 tons by 1660, a tenfold increase from 1636.
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