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来源类型Working Paper
规范类型报告
DOI10.3386/w29298
来源IDWorking Paper 29298
How Economic Ideas Led to Taiwan\u2019s Shift to Export Promotion in the 1950s
Douglas A. Irwin
发表日期2021-09-27
出版年2021
语种英语
摘要Taiwan was perhaps the first developing country to adopt an export-oriented trade strategy after World War II. The factors usually associated with big shifts in policy—a macroeconomic crisis, a change in political power or institutions, lobbying by export interests, pressure from international financial institutions—were not present; it was ideas that were key. In 1954, economist S. C. Tsiang proposed that Taiwan boost export earnings rather than squeeze import spending to deal with its chronic shortage of foreign exchange. He recommended a currency devaluation to establish a realistic exchange rate and a market-based system of foreign exchange allocation to end the inefficient rationing by the government. Four years later, a leading policymaker, K. Y. Yin, fought for the adoption of Tsiang’s proposal, helping clear the way for Taiwan’s phenomenal growth in trade.
主题International Economics ; Trade ; International Finance ; History ; Other History
URLhttps://www.nber.org/papers/w29298
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/586972
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Douglas A. Irwin. How Economic Ideas Led to Taiwan\u2019s Shift to Export Promotion in the 1950s. 2021.
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