The economy of Taiwan is a highly developed free-market economy. It is the 8th largest in Asia and 20th-largest in the world by purchasing power parity, allowing Taiwan to be included in the advanced economies group by the International Monetary Fund. Taiwan is notable for its rapid economic development from an agriculture-based society to an industrialised, high-income country. This economic growth has been described as the Taiwan Miracle. It is gauged in the high-income economies group by the World Bank. Taiwan is one of the most technologically advanced computer microchip and high-tech electronics industries makers in the world.
The history of the island of Taiwan dates back tens of thousands of years to the earliest known evidence of human habitation. The sudden appearance of a culture based on agriculture around 3000 BCE is believed to reflect the arrival of the ancestors of today's Taiwanese indigenous peoples. Han Chinese gradually came into contact with Taiwan starting in the late 13th century and started settling there by the early 17th century. Named Formosa by Portuguese explorers, the south of the island was colonized by the Dutch in the 17th century whilst the Spanish built a settlement in the north which lasted until 1642. These European settlements were followed by an influx of Hoklo and Hakka immigrants from Fujian and Guangdong.
Taiwanese indigenous peoples, also known as Formosans, Native Taiwanese, Austronesian Taiwanese, Yuanzhumin or Gaoshan people, and formerly as Taiwanese aborigines, are the indigenous peoples of Taiwan, with the nationally recognized subgroups numbering about 569,000 or 2.38% of the island's population. This total is increased to more than 800,000 if the indigenous peoples of the plains in Taiwan are included, pending future official recognition. When including those of mixed ancestry, such a number is possibly more than a million. Academic research suggests that their ancestors have been living on Taiwan for approximately 6,500 years. A wide body of evidence suggests that the Taiwanese indigenous peoples had maintained regular trade networks with numerous regional cultures of Southeast Asia before the Han Chinese colonists began settling on the island from the 17th century, at the behest of the Dutch colonial administration and later by successive governments towards the 20th century.
The Haijin (海禁) or sea ban was a series of related isolationist policies in China restricting private maritime trading and coastal settlement during most of the Ming dynasty and early Qing dynasty. The policy introduced by the Ming founder Zhu Yuanzhang significantly hampered the growth of China's domestic trade, although the Ming was not able to enforce the policy in full despite official proclamations, and trade continued in forms like smuggling until the late Ming government opened the port of Yuegang for trade. Later, the early Qing dynasty's anti-insurgent "Great Clearance" (1661-1683) also caused considerable devastating effects on communities along the coast, until the Qing seized control of Taiwan and opened coastal ports to foreign trade.
Chinese unification, also known as Cross-Strait unification or Chinese reunification, is the potential unification of territories currently controlled, or claimed, by the People's Republic of China and the Republic of China ("Taiwan") under one political entity, possibly the formation of a political union between the two republics. Together with full Taiwan independence, unification is one of the main proposals to address questions on the political status of Taiwan, which is a central focus of Cross-Strait relations.
Nephrite is a variety of the calcium, magnesium, and iron-rich amphibole minerals tremolite or actinolite (aggregates of which also make up one form of asbestos). The chemical formula for nephrite is Ca2(Mg, Fe)5Si8O22(OH)2. It is one of two different mineral species called jade. The other mineral species known as jade is jadeite, which is a variety of pyroxene. While nephrite jade possesses mainly grays and greens (and occasionally yellows, browns, black or whites), jadeite jade, which is rarer, can also contain blacks, reds, pinks and violets. Nephrite jade is an ornamental stone used in carvings, beads, or cabochon cut gemstones. Nephrite is also the official state mineral of Wyoming.
The island of Taiwan, also commonly known as Formosa, was partly under colonial rule by the Dutch Republic from 1624 to 1662 and from 1664 to 1668. In the context of the Age of Discovery, the Dutch East India Company established its presence on Formosa to trade with the Ming Empire in neighbouring China and Tokugawa shogunate in Japan, and also to interdict Portuguese and Spanish trade and colonial activities in East Asia.
The Kingdom of Tungning, also known as Tywan by the British at the time, was a dynastic maritime state that ruled part of southwestern Taiwan and the Penghu islands between 1661 and 1683. It is the first predominantly ethnic Han state in Taiwanese history. At its zenith, the kingdom's maritime power dominated varying extents of coastal regions of southeastern China and controlled the major sea lanes across both China Seas, and its vast trade network stretched from Japan to Southeast Asia.
The history of international trade chronicles notable events that have affected the trade between various countries.
Agriculture in the Empire of Japan was an important component of the pre-war Japanese economy. Although Japan had only 16% of its land area under cultivation before the Pacific War, over 45% of households made a living from farming. Japanese cultivated land was mostly dedicated to rice, which accounted for 15% of world rice production in 1937.
The island of Taiwan, together with the Penghu Islands, became a dependency of Japan in 1895, when the Qing dynasty ceded Fujian-Taiwan Province in the Treaty of Shimonoseki after the Japanese victory in the First Sino-Japanese War. The short-lived Republic of Formosa resistance movement was suppressed by Japanese troops and quickly defeated in the Capitulation of Tainan, ending organized resistance to Japanese occupation and inaugurating five decades of Japanese rule over Taiwan. The entity, historically known in English as Formosa, had an administrative capital located in Taihoku (Taipei) led by the Governor-General of Taiwan.
Agriculture is one of the main industries in Taiwan. It contributes to the food security, rural development and conservation of Taiwan. Around 24% of Taiwan's land is used for farming.
The economy of East Asia comprises 1.6 billion people living in six different countries and regions. The region includes several of the world's largest and most prosperous economies: Taiwan, Japan, South Korea, China, Hong Kong, and Macau. It is home to some of the most economically dynamic places in the world, being the site of some of the world's most extended modern economic booms, including the Taiwan miracle (1950–present) in Taiwan, Miracle on the Han River (1974–present) in South Korea, Japanese economic miracle (1950–1990) and the Chinese economic miracle (1983–2010) in China.
The following outline is provided as an overview of and topical guide to Taiwan:
The economy of the Ming dynasty (1368–1644) of China was one of the largest in the world during that period. It is regarded as one of China's three major golden ages. The period was marked by the increasing political influence of the merchants, the gradual weakening of imperial rule, and technological advances.
The economic history of China covers thousands of years and the region has undergone alternating cycles of prosperity and decline. China, for the last two millennia, was one of the world's largest and most advanced economies. Economic historians usually divide China's history into three periods: the pre-imperial era before the rise of the Qin; the early imperial era from the Qin to the rise of the Song ; and the late imperial era, from the Song to the fall of the Qing.
Tainan, officially Tainan City, is a special municipality in southern Taiwan facing the Taiwan Strait on its western coast. Tainan is the oldest city on the island and commonly called the "prefectural capital" for its over 200 years of history as the capital of Taiwan under Koxinga and later Qing rule. Tainan's complex history of comebacks, redefinitions and renewals inspired its popular nickname "the Phoenix City". Tainan is classified as a "Sufficiency"-level global city by the Globalization and World Cities Research Network.
During the Manchu–led Qing dynasty, the economy was significantly developed and markets continued to expand especially in the High Qing era, and imperial China experienced a second commercial revolution in the economic history of China from the mid-16th century to the end of the 18th century. But akin to the other major non-European powers around the world at that time like the Islamic gunpowder empires and Tokugawa Japan, such an economy development did not keep pace with the economies of European countries in the Industrial Revolution occurring by the early 19th century, which resulted in a dramatic change described by the 19th-century Qing official Li Hongzhang as "the biggest change in more than three thousand years" (三千年未有之大變局).
Philippine jade culture, or jade artifacts, made from white and green nephrite and dating as far back as 2000–1500 BC, have been discovered at a number of archaeological excavations in the Philippines since the 1930s. The artifacts have been both tools like chisels and ornaments such as lingling-o earrings, bracelets, and beads.
Chen Yonghua, courtesy name Fufu ), was a prominent official of the Kingdom of Tungning in Taiwan in the late 17th century. He was from the region near modern-day Quanzhou.
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