U.S. Aid to Taiwan. A Study of Foreign Aid, Self-Help, and Development

Melby, John F.; Jacoby, Neil H.

doi:10.2307/40200259

Cited by 3 publications

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“…Taiwan was of strategic importance to the US government to contain communism in Asia. The US government thus offered substantial economic and military aid and advice to Taiwan (Jacoby, 1966). The cooperation led to the successful implementation of land reform and sustained rapid economic growth, which in turn brought about a politically more demanding middle class (Jacobs, 2012).…”

Section: Dynasticism and Democratic Developmentmentioning

confidence: 99%

Political dynasties and democratization: A case study of Taiwan

Schafferer

2023

Asian Journal of Comparative Politics

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Political families in transitional societies are often seen in the context of corruption, democratic regression, deterioration of socio-economic development, inequality, and deprivation. High levels of dynasticism, however, also exist in advanced democratic societies. Using the example of Taiwan, this article explores the factors behind the evolution of electoral dynasties and how the behavior of hereditary politicians has been conditioned by democratization. More specifically, the article argues that legacy politicians are not per se the Pandora’s box of low-quality politics. Rather, they act like other networks of personal relations. As such, self-imposed ethical standards and inherited cultural norms may substantially restrain the intrinsic particularistic potentials of such networks, but in the long run only political modernization can prevent them from cultivating political capitalism—the predatory use of public resources. That is, political modernization conditions the behavior of electoral dynasties. It transforms particularistic networks into more progressive and programmatic forms of dynasticism.

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Section: Dynasticism and Democratic Developmentmentioning

confidence: 99%

Political dynasties and democratization: A case study of Taiwan

Schafferer

2023

Asian Journal of Comparative Politics

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“…The policies they proposed included limits on defence spending, tighter monetary and fiscal policies to reduce inflation, tax reform, further exchange control liberalisation, market-based utility pricing, financial market development, and the privatisation of government enterprises. As an enticement to adopt these policies, the United States offered $20-$30 million in additional aid (Jacoby, 1966).…”

Section: Aftermath Of Reformsmentioning

confidence: 99%

Economic ideas and Taiwan's shift to export promotion in the 1950s

Irwin

2023

World Economy

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Taiwan was the first developing country to adopt an export-oriented trade strategy after World War II. The factors usually associated with big shifts in policy-a macroeconomic crisis, a change in political power or institutions, lobbying by export interests, pressure from international financial institutions-were not present; it was ideas that were key. In 1954, economist S. C. Tsiang proposed that Taiwan boost export earnings rather than squeeze import spending to deal with its chronic shortage of foreign exchange. He recommended a currency devaluation to establish a realistic exchange rate and a market-based system of foreign exchange allocation to end the inefficient rationing by the government. Four years later, a policymaker, K. Y. Yin, fought for the adoption of Tsiang's proposal, helping to clear the way for Taiwan's phenomenal growth in trade. K E Y W O R D Sflexible exchange rates, foreign exchange, trade reform

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“…The policies they proposed included limits on defense spending, tighter monetary and fiscal policies to reduce inflation, tax reform, further exchange control liberalization, market-based utility pricing, financial market development, and the privatization of government enterprises. As an enticement to adopt these policies, the United States offered $20 million-$30 million in additional aid (Jacoby 1966).…”

Section: Aftermath Of Reformsmentioning

confidence: 99%

How Economic Ideas Led to Taiwan’s Shift to Export Promotion in the 1950s

Irwin¹

2021

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Taiwan was perhaps the first developing country to adopt an export-oriented trade strategy after World War II. The factors usually associated with big shifts in policy-a macroeconomic crisis, a change in political power or institutions, lobbying by export interests, pressure from international financial institutions-were not present; it was ideas that were key. In 1954, economist S. C. Tsiang proposed that Taiwan boost export earnings rather than squeeze import spending to deal with its chronic shortage of foreign exchange. He recommended a currency devaluation to establish a realistic exchange rate and a market-based system of foreign exchange allocation to end the inefficient rationing by the government. Four years later, a leading policymaker, K. Y.

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U.S. Aid to Taiwan. A Study of Foreign Aid, Self-Help, and Development

Cited by 3 publications

References 0 publications

Political dynasties and democratization: A case study of Taiwan

Political dynasties and democratization: A case study of Taiwan

Economic ideas and Taiwan's shift to export promotion in the 1950s

How Economic Ideas Led to Taiwan’s Shift to Export Promotion in the 1950s

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