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  • Essay / Income Inequality in Taiwan Case Study - 1067

    Since 1980, Taiwan's economy has relied heavily on an open economic system with the aim of promoting foreign trade to lead to economic development. Taiwan's policymakers emphasize a policy of "liberalization and internationalization" to stabilize the economy. With the aim of reducing government control and regulation in economic fields as well as opening the Taiwan market to foreign companies without unnecessary limitations to allow foreign products to compete with local products in the domestic market (Liou,