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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 1106 |
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Substantial trade surplus and foreign reserves are the world's third largest.
Although Taiwan witnessed a great suffer in the financial crisis in 1998, its output recovered moderately in 2002 and pushed ahead in 2003-05. as a result, the real GDP Growth Rate in 2004 and 2005 is 5.7% and 3.8% respectively that directly result in the GDP is $610...
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Moreover, the Taiwan government has managed to maintain a high rate of employment for its 10.31 million labor force with a relatively low unemployment Rate of 4.4% in 2004. Thus, the ratio of middle class has already reached 34%, which is an important indicator to the purchasing power of consumer goods...
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General points of the essay
"Financial integration without a proper set of preconditions might lead to few growth benefits and more output and consumption volatility." (Prasad, Rogoff, Wei, and Kose, 2003) Discuss.
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