The History of Taiwan

12). Today, the approximately 85 per centum of the people whose forbears arrived before 1949 call themselves Taiwanese. The Nationalist regime rule Taiwan as a mixed military and bingle party (Kuomintang or KMT) police state during the remainder of Chiang Kai-Shek's carriage (until 1975) and thereafter under the rule of his eldest son, Chiang Ching-kuo, who was President from 1978 until his destruction in 1988. ROC was a Cold War partner of the united States in East Asia under a 1954 Mutual security Treaty (MST) and received during the mid-fifties and early 1960s existent ($1.5 billion) in military and economic aid from the get together States (Copper, 1999, p. 172). Since the 1950s Taiwan has had one of the fastest growing economies in the world. policy-making liberalization tentatively begun under Chiang Ching-kuo blossomed into a free multiparty electoral system under his KMT successor, Lee Teng-hui, President from 1988 to March 18, 2000 when for the start-off time an opposition candidate, Chen Shui-ban, the former mayor of Taiwan's metropolis city, Taipei, was elected President. The initial thaw in American dealing with the PRC (1971-1980) resulted in Taiwan's loss of its seat in the join Nations in 1971, the rupture of diplomatic relations with the Unite

d States in 1979 and the ending of MST in 1980.

However, the United States has continued to support a peaceful resolution of the office of Taiwan and to supply Taiwan with defensive arms. Relations amidst Taiwan and the PRC which improved somewhat during the time of Chinese leader Deng Xiaoping, have been tense since 1993, as the popular exploit for Taiwanese independence has gathered momentum.

Economic Development and exotic Investment Climate

Social Welfare and Social Problems. Taiwan has a fairly extensive and costly welfare system which accounted for 4.5 percent of GDP and 26 percent of the public budget in 1997 (Copper, 1999, p. 81). It includes government and employer-subsidized National Health Insurance, child, elder and disability safeguard and other social services. Since unemployment has been so slow, the government still, however, looks to families and employers to provide for the unemployed.

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