Taiwan s economic and political transformation was once considered a model for developing nations, but in recent decades, the momentum has stalled. Why? Cal Clark and Alexander Tan explain the country s paradoxical political economy, tracing its achievements and exploring its challenges.
The authors appraise Taiwan s hard-won accomplishments a legitimate democracy and a prosperous society and also investigate the stubborn institutional legacies undermining its progress. Without discounting Taiwan s significant stress and turmoil, they provide ample evidence to support optimism about its future.