Why Is Taiwan So Rich?

I just hope we can have higher salary in Taiwan.

I have done business with Taiwanese, I should say almost all(99.9%) are very trustworthy business people, but year 2001 one of the factory I was working with stole my invitation idea that he supposed to make sample for me, I knew that factory owner for a decade by then, He made my invention item but he sold to my competitive, since I had trusted on him then I didn't sign NDA, that was my mistake. Otherwise, I never had any problem with any other Taiwanese factory been deal with since last 32years, their promises are good as gold. Yes, each apple tree has bad one.❤❤❤

I’ve lived in Taiwan for 3 years and I was surprised how much food there was at low prices. Even more, they grow so much food, even in the city you’ll see small farms right next to the road, irrigated and everything

The Taiwanese work hard, are honest, and great to deal with; you could Trust a Taiwanese Person in business, they are great people and intelligent. If you deal with the Taiwanese, they become your friend/family I love Taiwanese and Taiwan…..Love from Christchurch, New Zealand!

Although Taiwan is small, it cannot be ignored

Taiwan's Industrial and Overall Economic Strength. Many people are unaware of the industrial and overall economic strength of Taiwan today. Taiwan has a well-developed technology and manufacturing sector. It is ranked first in the world in semiconductor chip manufacturing, first in the world in ICT equipment manufacturing, third in the world in machinery and components manufacturing, third in the world in biotechnology companies, fourth in the world in machine tools, sixth in the world in chemical plants, and fifth in the world in shipbuilding tonnage. Taiwan's aerospace industry is also ranked sixth in the world in terms of output. Taiwan is also the world's largest and most technologically advanced carbon fiber composite material OEM, with applications ranging from tennis rackets and bicycles to aircraft components. Taiwan has many companies that are hidden champions in the global manufacturing sector. These companies are at the top of their respective industries, but they are not well-known to the general public. Taiwan has developed its own supercomputers, AI computers, quantum chips, satellites, and has successfully test-fired military space rockets on multiple occasions. In terms of overall technology and manufacturing strength, Taiwan is on par with the United States, Japan, and the EU industrial countries. Taiwan is currently the 20th largest economy in the world, with total foreign investment assets of over $2 trillion. It is the fifth largest foreign investor in the world and the fifth largest net creditor nation. Manufacturing accounts for over 36% of Taiwan's GDP and contributes over 50% to economic growth, the highest in Asia. Taiwan's listed companies invest and set up factories overseas, and their overseas offshore processing and manufacturing import and export trade exceeds $1 trillion each year (most of which is included in Hong Kong's import and export trade figures). The import and export trade of these Taiwanese companies is not included in Taiwan's import and export trade figures. If the import and export trade of Taiwanese companies' overseas factories is included in Taiwan's own import and export trade figures, the total global trade volume of Taiwanese companies will reach $1.9 trillion, surpassing Japan and the Netherlands to become the fourth largest trading power in the world after the United States, China, and Germany. Taiwanese companies' overseas factories have supported the families of hundreds of millions of employees in China, Vietnam, and Southeast Asia. It is estimated that Taiwan will enter the top 20 economies in the world in 2023 based on its own domestic production and manufacturing import and export trade, becoming a member of the G20. Among the G20 countries, Taiwan is the only one with no natural resources, relying solely on manufacturing, and with a population of 23.5 million and the smallest land area.

Taiwanese middle schools should play this video in class. It's basically what we learn but much more lively. Also, the English level is suitable for middle schoolers. Props to you for making such a good explainer.

Amazing. I’m a Canadian living in Taiwan. Bravo

*This video is Banned in China* (Edit, I know YouTube is banned in West Taiwan. I just thought it was funny)

-100000000 social credit points for History Scope

They literally did a full automation all industries 100% speedrun

This video should've also sent a direct message to developed countries how to utilize poorer neighbours besides using them as food producers and "recyclers" (read: dumping sites), among other things that aren't very productive.

on a side note, Japan in the first 20 years of their colonization loses the equivalent of 6.6 billion dollars in today's money every year just to build up Taiwan. The unlimited budget the Japanese gave to the colonial government just to prove a point (That they are a modern imperial power on equal footing to the west) provided Taiwan with a whole bunch of overengineered infrastructures and buildings of which some are still in use today.

台湾旅行最高だった また行きたい

Taiwan has never ever been a part of China.

Taiwan is rich because of its government system...and the maverick entrepreneurs that spearheaded the tech industry...

As a Dutchman in Taiwan, I thoroughly enjoyed that video. I even learned some new things. I didn't realize Taiwan played a part in S.E.Asia's industrialization. Many thanks!

This video is given a thumbs-up by a Taiwanese citizen, which is me. Great job History Scope! 👍👍👍

Taiwan's growth is really impressive

Thank GOD Winnie Xitler could NOT have Taiwan and NEVER will. Companies like TSMC, Asus, Acer, MSI, Gigabyte, Foxconn, MediaTek etc., not only would've NEVER existed, much less thriving. ALL companies in china MUST share profits with the CCP or face closure. Jensen Huang (Nvidia), Lisa Su (AMD), Jerry Yang (Yahoo), Steven Chen (Youtube), to name a few (All Taiwan born). I'm talking this "small island" produced some of the BIGGEST names in the tech industries. BAR NONE.