A comparison of the economies of taiwan and australia

But how accurate are those claims? As Rudd explicitly compares Australia to other major economies, it is necessary to use a multinational database that guarantees cross-country comparability and consistency of statistical information. How much debt does Australia have?

A comparison of the economies of taiwan and australia

Taiwan is located off the southeastern coast of China, just north of the Philippines.

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It is a relatively small island with an approximate population of just over Its main nationality is Chinese and the official languages spoken are Mandarin and Taiwanese.

China had control over Taiwan until when a military defeat forced China to cede Taiwan to Japan.

A comparison of the economies of taiwan and australia

Intwo million Nationalists fled to Taiwan after a communist victory on the mainland. Over the past six decades, Taiwan has slowly democratized their infrastructure and markets. During this period, it has prospered and has become an economic powerhouse in the world. The dominant political issue however has been the continuous argument of reunification with China.

Hong Kong is also located off the southeastern coast of China. It is a significantly smaller island than Taiwan and has a population of approximately 6.

The main nationality is Chinese and the languages that are primarily spoken are Cantonese, Mandarin, and British English.

Hong Kong has no real natural resources except a deep-water harbor and an industrious population. They advocate and practice free trade with a government policy of maximum support and minimum intervention.

This sent hundreds of thousands of Chinese into Hong Kong into refuge. Since then, Hong Kong has developed into an international financial, trading and business center.

It has been that way since and has prospered ever since with a capitalist economy. People in Taiwan understand that they are ethnic Chinese, but feel pride in being a Taiwanese immigrant.

They feel a special attachment towards the place they have spent all or most of their lives. If you ask many residents on the street of Taiwan what represents national identity, they will tell you that being Taiwanese is what makes them who they are.

Since Hong Kong has reverted to China inthere is a stronger awareness of residents of their identity being Chinese rather than Hong Kongers. Even though Hong Kong uses two systems to run their country in which China is a part of, there is certain pride among residents to be accepted as Chinese and not looked upon as Chinese living in Hong Kong.

The people of Hong Kong once thought of themselves as British territory residents. Now, they believe that they are united with China and know where they came from and are proud to be Chinese.

Both Taiwan and Hong Kong want national identity of being where they have spent all of their lives. They both comprehend the fact that all once came from China and so did certain customs and rituals, but they have patriotism for the country that took them in and nurtured them. Taiwan has stronger views on national identity than Hong Kong partly because they have not become part of China.

One thing that remains true for both countries however is that the people of both of these countries will decide their future and national identity and no one else. Taiwan has a capitalistic economy with a decreasing guidance of investment and foreign trade by government authorities.

Hong Kong also practices free trade and its government has little intervention. Both countries have become leading trading and financial centers.

A comparison of the economies of taiwan and australia

Inflation rates in the year in Hong Kong were —3. This will provide tens of thousands of jobs and spur economic growth. The legislative branch is popularly elected and the judicial branch is composed of appointed justices by the president with consent of the National Assembly.

The executive authorities and legislature is composed of permanent residents and the judicial branch is independent of China in which power rests in the Court of Final Appeals. Overall, both countries uphold their own procedures in the legislative and judicial aspects of government.

They control all aspects of trade including taxation and licensing, which are kept at minimal levels.Australia and Taiwan also need to work closely on opportunities in the "new economy". Science and technology will be a major growth sector for the trade and investment relationship.

Australia is world-renowned as an innovator in many areas of technology, and Taiwan has developed a highly successful IT industry and is a leader in technology.

A.D Hope's Australia was a particularly nuanced poem in that it used the Australian environment as a metaphor of Australia's cultural flaws; however, in that "Arabian desert of the human mind" Hope finds a spirit of a prophet to which he glady turns.

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AUSTRALIA A. D. Hope. A . A comparison and description of the Australian and UAE economies is important to investors and multinationals who are interested at the country-level suitability analysis.

This is because of the advantages of investing in vibrant economy and the risks associated with investing in a shaky economy. Select Area. Request map ⇄ ↺ % Taiwan Australia. Economic System COMPARISON: Australia.

Type of economy: Mixed, mostly free. Australian Government: Constitutional monarchy. World ranking. Australia Net debt compared to . The service sector dominates the economies of both Australia and New Zealand. The site of more than U.S.

nuclear bomb tests from the s through the s was: the Marshall Islands.

Comparison between U.S. states and countries by GDP (nominal) - Wikipedia