Taiwan Miracle
| Taiwan Miracle | |||||||||||||||||||
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| Traditional Chinese | 臺灣奇蹟 | ||||||||||||||||||
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| Taiwan Economic Miracle | |||||||||||||||||||
| Traditional Chinese | 臺灣經濟奇蹟 | ||||||||||||||||||
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The Taiwan Miracle (Chinese: 臺灣奇蹟; pinyin: Táiwān Qíjī; Pe̍h-ōe-jī: Tâi-oân Kî-chek) or Taiwan Economic Miracle refers to Taiwan's rapid economic development to a developed, high-income country during the latter half of the twentieth century.
As it developed alongside South Korea, Singapore, and Hong Kong, Taiwan became known as one of the "Four Asian Tigers". Taiwan was the first developing country to adopt an export-oriented trade strategy after World War II.