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Matches in DBpedia 2014 for { ?s ?p Taiwan has a developed capitalist economy that ranks as the 19th- largest in the world by purchasing power parity (PPP), ranks as 18th in the world by gross domestic product (GDP) at purchasing power parity per capita (person) and 24th in nominal GDP of investment and foreign trade by the Republic of China (ROC) government, which commonly referred to as Taiwan. In keeping with this trend, most large government-owned banks and industrial firms have been privatized. With the Technocracy-centered economic planning under Martial Law until 1987, real growth in GDP has averaged about 8% during the past three decades. Exports have grown even faster and since World War II, have provided the primary impetus for industrialization. Inflation and unemployment are low; the trade surplus is substantial; and foreign reserves are the world's fourth largest. Agriculture contributes 3% to GDP, down from 35% in 1952, and the service sector makes up 73% of the economy. Traditional labor-intensive industries are steadily being moved off-shore and replaced with more capital- and technology-intensive industries. Economy of Taiwan is an indispensable partner in the Global Value Chains of Electronics Industry. Electronic components and personal computer are two areas of international strength of Taiwan's Information Technology industry. Institute for Information Industry with its international recognitions is responsible for the development of IT industry and ICT industry in Taiwan. Industrial Technology Research Institute with its global partners is the advanced research center for applied technology for the economy of Taiwan. Directorate-General of Budget, Accounting and Statistics and Ministry of Economic Affairs release major economic indicators of the economy of Taiwan. Chung-Hua Institution for Economic Research provides economic forecast at the forefront for the economy of Taiwan and authoritatively researches on the bilateral economic relations with ASEAN by The Taiwan ASEAN Studies Center (TASC). Taiwan Stock Exchange is the host to the listed companies of local industries in Taiwan with weighted financial exposures to the FTSE Taiwan Index and MSCI Taiwan Index.International Trade is officially assisted by Taiwan External Trade Development Council. Taiwanese investors and businesses have become major investors in mainland China, Vietnam, Thailand, Indonesia, the Philippines, and Malaysia. Because of the conservative and stable financial policy by the Central Bank of the Republic of China (Taiwan) and the entrepreneurial strengths, Taiwan suffered little from the financial crisis of 1997-1999 compared to many economies in the region. Other two major banks in Taiwan are Bank of Taiwan and Mega International Commercial Bank. Unlike the neighboring Japan and South Korea, small and medium-sized businesses make up a significant proportion of the businesses in Taiwan. Taiwan is characterized as one of the Newly industrialized economy in the wake of the Ten Major Construction Projects since 1970's. Since 1990's, the economy of Taiwan has adopted economic liberalization with the successive regulatory reforms. London Metal Exchange, the largest metal stock exchange in the world, approved Kaohsiung, Taiwan as a good delivery point for primary aluminium, aluminium alloy, copper, lead, nickel, tin and zinc and as the LME’s ninth location in Asia on 17 June 2013, for future contracts on metals and industrial production of the global integration of the economy of Taiwan. The economy of Taiwan has the world's highest modern convenience store concentration density.Taiwan is a member of the Asian Development Bank (ADB), the World Trade Organization (WTO), and the Asia-Pacific Economic Cooperation (APEC). Taiwan is also an observer at the Organisation for Economic Co-operation and Development (OECD) under the name of Chinese Taipei. Taiwan is a member of International Chamber of Commerce as Chinese Taipei. Taiwan is seeking to join the Trans-Pacific Partnership no later than 2020 if economic requirements are met. Taiwan's top five trade partners in 2010 are China, Japan, USA, the European Union and Hong Kong.The economy of Taiwan comparing with other major economies in the region, is "at a crossroad", facing "slowdown in response to world economy fluctuations" in addition to de-internationalization, low-paid salary to employees and uncertain outlook for personal promotion of staffs, which results to human resource talents seeking career opportunities elsewhere in the Asia-Pacific region, and businesses in Taiwan suffer most from being the size of small and medium enterprises only with weaker-than-expected revenue of its hectic business operation for any consideration of further expansion, and overall impedes any attempt of economic transformation of the economy of Taiwan from the Taiwan government. The World Trade Organization has also reviewed Chinese Taipei's economic outlook in 2010. The international industrial forecast of semiconductor manufacturing, which is the flagship industry of the economy of Taiwan, that possesses immense competitions ahead with the American counterparts.. }

• Economy_of_Taiwan abstract "Taiwan has a developed capitalist economy that ranks as the 19th- largest in the world by purchasing power parity (PPP), ranks as 18th in the world by gross domestic product (GDP) at purchasing power parity per capita (person) and 24th in nominal GDP of investment and foreign trade by the Republic of China (ROC) government, which commonly referred to as Taiwan. In keeping with this trend, most large government-owned banks and industrial firms have been privatized. With the Technocracy-centered economic planning under Martial Law until 1987, real growth in GDP has averaged about 8% during the past three decades. Exports have grown even faster and since World War II, have provided the primary impetus for industrialization. Inflation and unemployment are low; the trade surplus is substantial; and foreign reserves are the world's fourth largest. Agriculture contributes 3% to GDP, down from 35% in 1952, and the service sector makes up 73% of the economy. Traditional labor-intensive industries are steadily being moved off-shore and replaced with more capital- and technology-intensive industries. Economy of Taiwan is an indispensable partner in the Global Value Chains of Electronics Industry. Electronic components and personal computer are two areas of international strength of Taiwan's Information Technology industry. Institute for Information Industry with its international recognitions is responsible for the development of IT industry and ICT industry in Taiwan. Industrial Technology Research Institute with its global partners is the advanced research center for applied technology for the economy of Taiwan. Directorate-General of Budget, Accounting and Statistics and Ministry of Economic Affairs release major economic indicators of the economy of Taiwan. Chung-Hua Institution for Economic Research provides economic forecast at the forefront for the economy of Taiwan and authoritatively researches on the bilateral economic relations with ASEAN by The Taiwan ASEAN Studies Center (TASC). Taiwan Stock Exchange is the host to the listed companies of local industries in Taiwan with weighted financial exposures to the FTSE Taiwan Index and MSCI Taiwan Index.International Trade is officially assisted by Taiwan External Trade Development Council. Taiwanese investors and businesses have become major investors in mainland China, Vietnam, Thailand, Indonesia, the Philippines, and Malaysia. Because of the conservative and stable financial policy by the Central Bank of the Republic of China (Taiwan) and the entrepreneurial strengths, Taiwan suffered little from the financial crisis of 1997-1999 compared to many economies in the region. Other two major banks in Taiwan are Bank of Taiwan and Mega International Commercial Bank. Unlike the neighboring Japan and South Korea, small and medium-sized businesses make up a significant proportion of the businesses in Taiwan. Taiwan is characterized as one of the Newly industrialized economy in the wake of the Ten Major Construction Projects since 1970's. Since 1990's, the economy of Taiwan has adopted economic liberalization with the successive regulatory reforms. London Metal Exchange, the largest metal stock exchange in the world, approved Kaohsiung, Taiwan as a good delivery point for primary aluminium, aluminium alloy, copper, lead, nickel, tin and zinc and as the LME’s ninth location in Asia on 17 June 2013, for future contracts on metals and industrial production of the global integration of the economy of Taiwan. The economy of Taiwan has the world's highest modern convenience store concentration density.Taiwan is a member of the Asian Development Bank (ADB), the World Trade Organization (WTO), and the Asia-Pacific Economic Cooperation (APEC). Taiwan is also an observer at the Organisation for Economic Co-operation and Development (OECD) under the name of Chinese Taipei. Taiwan is a member of International Chamber of Commerce as Chinese Taipei. Taiwan is seeking to join the Trans-Pacific Partnership no later than 2020 if economic requirements are met. Taiwan's top five trade partners in 2010 are China, Japan, USA, the European Union and Hong Kong.The economy of Taiwan comparing with other major economies in the region, is "at a crossroad", facing "slowdown in response to world economy fluctuations" in addition to de-internationalization, low-paid salary to employees and uncertain outlook for personal promotion of staffs, which results to human resource talents seeking career opportunities elsewhere in the Asia-Pacific region, and businesses in Taiwan suffer most from being the size of small and medium enterprises only with weaker-than-expected revenue of its hectic business operation for any consideration of further expansion, and overall impedes any attempt of economic transformation of the economy of Taiwan from the Taiwan government. The World Trade Organization has also reviewed Chinese Taipei's economic outlook in 2010. The international industrial forecast of semiconductor manufacturing, which is the flagship industry of the economy of Taiwan, that possesses immense competitions ahead with the American counterparts.".