Taiwan's Economy: Checkpoint 1

Quick checkpoint - five questions on Taiwan's economy, land reform, SMEs, TSMC and Hsinchu.

Quick checkpoint - five questions on Taiwan’s economy, land reform, SMEs, TSMC and Hsinchu.

Question 1 of 5 What does Taiwan produce most of globally?

Advanced semiconductors Crude oil Wheat Cars

Mostly through TSMC.

Question 2 of 5 What did Land to the Tiller do?

Transferred land to tenant farmers Banned farming Gave land to factories Nationalised all land

Output and equality rose.

Question 3 of 5 How did Taiwan's exporters differ from Korea's?

Many small firms instead of giant chaebol Only state firms No exports Only foreign firms

SMEs formed flexible networks.

Question 4 of 5 What is TSMC's foundry model?

Making chips designed by other companies Designing chips only Selling phones Mining silicon

It doesn't compete with customers.

Question 5 of 5 What helped Hsinchu Science Park succeed?

Nearby research institutes, universities and returning engineers Oil money Low education No incentives

Brain circulation mattered.

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