How Taiwan Weathered the Asian Financial Crisis

Poverty Alleviation and Economic Management Unit, East Asia and Pacific Region, The World Bank, Washington, DC, USA

This paper benefited from the comments of Frank C. Jen and two anonymous referees. The author would also like to thank Shih-Chien Yang for discussions on Taiwan's technology policy and Ta-Yu Tseng for assistance provided during the preparation of this manuscript. The findings, interpretations, and conclusions expressed in this paper are entirely those of the author. They do not represent the views of the World Bank, its Executive Directors, or the countries they represent.