One of the Four Asian Tigers
Despite its relative small geographic size, Taiwan has experienced rapid economic growth and industrialization and is now an advanced industrial economy. In fact, its advanced technology plays a huge role in the global economy.
Taiwan is one of the four Asian Tigers, along with Hong Kong, South Korea and Singapore. Taiwan’s population is estimated to be 23.2 million, most of whom are on the island of Taiwan.
Taiwan has an export-driven, dynamic and capitalist economy. Exports have driven the industrialization of Taiwan, known for its many electronic components and high-tech exports that reach to almost all points of the world.
Conservative Financials, and That’s a Good Thing
Because Taiwan has a relative conservative approach to its finances, it suffered little compared to its neighbors fro the 1997 Asian Financial Crisis. Even during the latest world recession starting in 2007, Taiwan held up much better than other global countries. In 2010, economic growth reached 10%, the highest rate in almost 30 years, and international trade improved by more than 39%. As a result, the job market improved dramatically, as more companies had to ramp up hiring to meet export demand.
Today, Taiwan seems poised to continue its growth trend. The real estate market is consistently stable and rising, and commercial and industrial projects continue to improve, which also has a positive impact on the residential market. Taiwan represents an exceptional opportunity.
Find out more about the country of Taiwan from Bill, including:
- What Keller Williams Worldwide is looking for in a potential country partner
- Why the Keller Williams Realty story so unique
- How to start the process of finding out if you might be a good match
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