The Impact of Demographic Factors on Economic Development in Taiwan
Mueller, Eva. "The Impact of Demographic Factors on Economic Development in Taiwan." Population and Development Review, 3, no. 1&2 (1977): 1-22.
The influence of high, but declining, population growth on Taiwan's economic development can be traced by focusing on the major sources of growth--employment, export expansion, investment, and technological advance. Market pricing of the factors of production permitted Taiwan to put its labor supply to productive use. Rapid growth of the labor force, relatively low wages, and high savings rates were consequences of the demographic situations, and they accelerated economic development. Although Taiwan's recent economic history does not suggest that demographic factors played a leading role in its economic success story, they seem to have made quite a significant contribution.