Why Is Taiwan So Rich?

Taiwan started their economic development as a Japanese colony. In the late 19th century industrialisation and early 20th century industrialisation. When Taiwan became independent it became a state capitalist nation. They slowly grew their economy through small and medium sized businesses. Through the 1950s 1960s 1970s Taiwan focussed on agriculture, electrical components, and light industry. Then in the 1980s 1990s 2000s and 2010s Taiwan developed a high-tech industry focussing on advanced computer chips. And today Taiwan is a rich country. But how did Taiwan become rich? And why did Taiwan become wealthy?
Credits
- Research: Mrs Scope
- Audio: Seb. Soto
- Writing, voice over, and animation: Avery from History Scope
Social Media
- Patreon: patreon.com/Historyscope
- Discord: / discord
- Twitter: / scopehistory
- Instagram: / officialhistoryscope
- Facebook: / averythingchannel
Sources:
www.britannica.com/place/Taiw...
ws.ndc.gov.tw/Download.ashx?u...
eh.net/encyclopedia/the-econo...
Books
H. Chang (2010) 23 Thing They Don’t Tell You About Capitalism. Penguin Books. London
Articles
C. Howe - The Taiwan Economy: The Transition to Maturity and the Political Economy of its Changing International Status. The China Quarterly , Volume 148 , December 1996 , pp. 1171 - 1195
T. W - Economic History of Taiwan: A Survey. Australian Economic History Review, Vol. 44, No. 3
Y. L. Lee - Economic Growth and Income Inequality: the modern Taiwan experience, Journal of Contemporary China 2008, 17:55, 361-374

[@BuckeyeNationRailroader]

**This video is Banned in China**

[@TheboyInPurple915]

Fr😂

[@swingfire7789]

nooo the name is obv changed to how *Chinas colony called taiwan becamne rich*

[@nowhereman6019]

So you admit that it's the real China then.

[@BuckeyeNationRailroader]

@@nowhereman6019 Yeah basically lol

[@pangolin83]

You mean West Taiwan?

[@rockinroland0]

I’ve lived in Taiwan for 3 years and I was surprised how much food there was at low prices. Even more, they grow so much food, even in the city you’ll see small farms right next to the road, irrigated and everything

[@canto_v12]

It’s because incomes in that area, especially outside of Taipei, are proportionately lower than the society you are comparing to.

[@user-cl8rc7js6r]

Taiwan’s electricity and water prices are among the lowest in the world

[@advancedmonkey7702]

@@canto_v12 Nah,elderly Chinese folks just love to grow veggies and stuff by their homes, it's in their blood. 😂

[@liebfraumilch3518]

@@advancedmonkey7702 Taiwanese is not Chinese!

[@dstr1]

That's not more than living in China. In China food is cheap abundant abd easily accessed

[@tom56092002]

I just hope we can have higher salary in Taiwan.

[@kimiyounasarukun]

Yeah, this was a great historical overview, but comparing this picture with some of the modern challenges that the younger generation face makes me eager to dig into the details of the limitations and modern challenges the model is facing, as well as the potential impact of deglobalization. The flexibility of the model as described in the video gives me a lot of hope, but it’s not impossible to imagine that the model may have limitations.

[@csplau]

Exactly!

[@9ENSOKYO]

@@kimiyounasarukunHopefully with the rise of ai and automation, governments will eventually move past the need for an economy ... its a pipe dream though ik

[@user-zn1kq6so6h]

Compare with 30k+ gdp per capita countries, such as Estonia、Cyprus、Slovenia、Czech… Taiwanese' monthly wage(after tax) doesn't less than those countries. They are the same level.

[@csplau]

@@user-zn1kq6so6h 😅😅😅

[@scubardiveshop1389]

Amazing. I’m a Canadian living in Taiwan. Bravo

[@indi2174]

How does it feel.. please Tell me.. it's amazing to hear such great achievement.. I love to celebrate achievements

[@annannz9047]

Taiwanese middle schools should play this video in class. It's basically what we learn but much more lively. Also, the English level is suitable for middle schoolers. Props to you for making such a good explainer.

[@user-ow3cf2gq2z]

I suggest students to rely on cited content more rather than this kind of super summarized video. There are always risks to believe information like this can replace true edited and published materials. I'm not saying that the whole video is biased or wrong, but to see it as a tool and to dig in a little deeper would be much safer than taking them all without questioning.

[@annannz9047]

@@user-ow3cf2gq2z Good suggestion. That's the part where teachers should guide students not to easily trust a random source or even authority.

[@muic4880]

Regards to part two of the video, Taiwan wasn't failing due to Japanese returning to Japan after the war, Taiwan was failing because the KMT that took over aside from lining their own pockets was shipping things back to China to support the Civil war. There was Taiwanese politicians who championed for Taiwanese parliament under Japanese rule, those people continued to do their part but would be exterminated by KMT in 1947.

[@mikslids7083]

Taiwan's Industrial and Overall Economic Strength. Many people are unaware of the industrial and overall economic strength of Taiwan today. Taiwan has a well-developed technology and manufacturing sector. It is ranked first in the world in semiconductor chip manufacturing, first in the world in ICT equipment manufacturing, third in the world in machinery and components manufacturing, third in the world in biotechnology companies, fourth in the world in machine tools, sixth in the world in chemical plants, and fifth in the world in shipbuilding tonnage. Taiwan's aerospace industry is also ranked sixth in the world in terms of output. Taiwan is also the world's largest and most technologically advanced carbon fiber composite material OEM, with applications ranging from tennis rackets and bicycles to aircraft components. Taiwan has many companies that are hidden champions in the global manufacturing sector. These companies are at the top of their respective industries, but they are not well-known to the general public. Taiwan has developed its own supercomputers, AI computers, quantum chips, satellites, and has successfully test-fired military space rockets on multiple occasions. In terms of overall technology and manufacturing strength, Taiwan is on par with the United States, Japan, and the EU industrial countries. Taiwan is currently the 20th largest economy in the world, with total foreign investment assets of over $2 trillion. It is the fifth largest foreign investor in the world and the fifth largest net creditor nation. Manufacturing accounts for over 36% of Taiwan's GDP and contributes over 50% to economic growth, the highest in Asia. Taiwan's listed companies invest and set up factories overseas, and their overseas offshore processing and manufacturing import and export trade exceeds $1 trillion each year (most of which is included in Hong Kong's import and export trade figures). The import and export trade of these Taiwanese companies is not included in Taiwan's import and export trade figures. If the import and export trade of Taiwanese companies' overseas factories is included in Taiwan's own import and export trade figures, the total global trade volume of Taiwanese companies will reach $1.9 trillion, surpassing Japan and the Netherlands to become the fourth largest trading power in the world after the United States, China, and Germany. Taiwanese companies' overseas factories have supported the families of hundreds of millions of employees in China, Vietnam, and Southeast Asia. It is estimated that Taiwan will enter the top 20 economies in the world in 2023 based on its own domestic production and manufacturing import and export trade, becoming a member of the G20. Among the G20 countries, Taiwan is the only one with no natural resources, relying solely on manufacturing, and with a population of 23.5 million and the smallest land area.

[@user-gm4in8zw6z]

Nice~~

[@user-bs6wm1td9y]

你統整得很好! 謝謝你!

[@charlech]

You mentioned 2023. Time for an update it’s 2024.

[@mikslids7083]

TSMC's revenue is expected to reach a record high of US$87.315 billion in 2024. Advanced Micro Devices (AMD) previously estimated that the potential market for its data center AI accelerators will grow from US$45 billion in 2023 to US$400 billion in 2027, representing a CAGR of over 70%. Analysts are optimistic that TSMC, as an important foundry partner of AMD, is expected to grow along with the industry trend.

[@user-qr6kg9ss3i]

原來在外國人眼裡我們這麽強呀...

[@benlex5672]

on a side note, Japan in the first 20 years of their colonization loses the equivalent of 6.6 billion dollars in today's money every year just to build up Taiwan. The unlimited budget the Japanese gave to the colonial government just to prove a point (That they are a modern imperial power on equal footing to the west) provided Taiwan with a whole bunch of overengineered infrastructures and buildings of which some are still in use today.

[@binghamkuang]

前幾天地震之後我們還有用日治時期造的橋當臨時便道呢！ We even use bridge left from Japanese as temporary emergency path due to the earthquake few day ago!

[@HolahkuTaigiTWFormosanDiplomat]

@@binghamkuang HI

[@concept5631]

Interesting

[@panajotov]

This video should've also sent a direct message to developed countries how to utilize poorer neighbours besides using them as food producers and "recyclers" (read: dumping sites), among other things that aren't very productive.

[@drabberfrog]

-100000000 social credit points for History Scope

[@winstonyzhu]

😂

[@baiwuli6781]

China number 1 !

[@drabberfrog]

@@baiwuli6781 +1000000000000000000 social credit points

[@jonasklein7260]

Was gonna say the same :D

[@KSmifune]

west taiwan

[@LiuMaurice]

This video is given a thumbs-up by a Taiwanese citizen, which is me. Great job History Scope! 👍👍👍

[@cd7677]

They literally did a full automation all industries 100% speedrun

[@ElectrostatiCrow]

Basically the story of East Asia.

[@2con_]

imagine if they pulled a dream speedrun and hacked reality

[@kingace6186]

Except in a way that doesn't completely screw over the workers, like is all too often.

[@michaelwang6125]

both ADM and Nvidia's CEO just so happen to be Taiwanese too so it seem the speed-run isn't stopping anytime soon. (now on AI course~ and several breakthrough are being in other space and Deepsea thanks to new technological development)

[@HolahkuTaigiTWFormosanDiplomat]

@@michaelwang6125 ＯＫ

[@jimmychen4562]

In our Taiwanese history class nowadays, we use "govern" rather than "colonize" to state the era under Japanese rule. Japanese set up a great base for Taiwan to develop, and we are still very thankful to it.

[@ikixxedeveryone]

小時候被中華民國教科書荼毒，長大才知道誰用心建設 心中認為應該改成日本統治時期跟國民黨殖民時期

[@asdfqwer5741]

我覺得不一定吧 也有許多原住民和漢人被日本人殺（看看玉井事件、賽德克巴萊）、賴和的一桿秤子等等書籍也寫出日本警察對台灣人的壓迫，而且當時日本的確就是殖民台灣，將台灣的農產品低價買回去餵日本人、勞役原住民、讓日本人住進原住民的土地、壓榨種甘蔗的農民、掠取木材等等資源、戰爭也動員台灣人打仗，我覺得還是算一種殖民。當然，日本的確奠基台灣現代化的許多基礎。

[@L_KF]

@@user-ol3xf7gd1d Not everyone thinks the same as you bro, I don't like the DPP but I'm also very grateful to the Japanese for building infrastructure for Taiwan at that time. btw I voted for KMT or TPP in the last 3 presidential elections and local elections.

[@Sharonmplus]

Colonization is the correct term. A lot of the so called "bases" was done so that Japan can move resources more efficiently back to Japan. Changing the term to "govern" is very much the same subliminal messaging to rewrite history to a version more beneficial to the DPP stance, considering their own family histories during Japanese colonization. I am not saying whether or not I agree, but I won't pretend that is not also political manipulation.

[@user-ml1rm2fh6f]

When Japanese troops set to occupy Taiwan in 1895, 154 died in combat with Taiwanese civilian resistance. 4,000 died from tropical diseases like plague, cholera, malaria, etc. and 27,000 were sent back to Japan for treatment of these diseases. Therefore, the Japanese spent a lot of effort eradicating those disease so their people could colonize the island. Lots of sugar and rice were exported to Japan during their rule. Most of the businesses were owned by Japanese. Sale of tobacco, alcohol, and even opium were monopolized by Japanese.

[@Tinil0]

The Japanese colonization of Taiwan is fascinating, especially in contrast with it's other colonies. As mentioned, they truly wanted it to be the "next home island" and so it was the one colony that got off better than all the others. That's not to diminish the problems with colonization at all, they still tried to erase the culture of those living there, but they also invested heavily and Taiwan is actually the only place outside of Japan where you can find Shinto shrines! That was the era of State Shinto, and despite most people not really understanding Shinto very well in the west and having weird ideas about them spreading it, there was never really any push whatsoever to expand it outside of the home islands...except for Taiwan. You can still see the difference today where, for instance, Taiwan has a MUCH better relationship with Japan than Korea. Today Japan and Taiwan have probably the closest relations of East Asian nations and citizens of both have highly favorable opinions of the other. There are still some echoes from the past and wrongs left unrighted, along with minor territorial disputes, but altogether it's much better than pretty much any other two east asian nations.

[@siyacer]

That's very interesting

[@Tinil0]

@@ADOR_CEO I don't think you understand what the term "Fascinating" means.

[@Tinil0]

@@user-hc5cg3jc3i There is at least 高士神社, though it was obviously rebuilt rather recently. My comment more got away with me and I was MEANING to imply they were built and some may be leftover, but yeah, as far as I can tell only Gaoshi is the only one and the rest were all taken down or repurposed, and Gaoshi was destroyed back in '46 and only recently reconstructed.

[@cassiopesysg5423]

Not just in Taiwan though, Japan also built Shinto Shrines in Korea and Mainland China (like in Shanghai and in Manchuria)

[@user.hsaaki]

🇹🇼♡🇯🇵

[@robertmiller2173]

The Taiwanese work hard, are honest, and great to deal with; you could Trust a Taiwanese Person in business, they are great people and intelligent. If you deal with the Taiwanese, they become your friend/family I love Taiwanese and Taiwan…..Love from Christchurch, New Zealand!

[@CC-sl4hv]

Actually, China did not have authority in Taiwan until Chin dynasty and it only lasted for about 10 years before Taiwan was given to Japan. After Chin toppled Ming Dynasty, some leftover Ming officials escaped to Taiwan. In most of the Taiwan-China history, Taiwan was an unclaimed island providing shelter and new opportunities to some Chinese seeking refugees across Taiwan Strait. Japan, Dutch, Spain, Portuguese all left their marks on this island.

[@Time4Peace]

Unclaimed? It was returned to China under the Cairo Declaration. Taiwan is stated as a part/province of China in the UN documents and recognised by almost all countries including the US under the one-China policy. Even Taiwan's constitution says so. It's not up to anyone to say you to bs. China has no problem Taiwan as it is. But if you start claiming you are independent, that will be a problem. That's what US wants you to, in order to get Chinese to fight Chinese on both sides of the Strait. It will be a proxy war like the Ukraine war. Only US wins.

[@liuscott5744]

你知道台湾的正视名称吗？ROC ，republic ofChina

[@Time4Peace]

@@liuscott5744 ROC represented the whole China. After PRC was officially recognised to represent the whole China, Taiwan becomes a part/province of it. And your point?

[@user-uk8il8py9w]

​@Time4Peace Cairo consensus emphasize Taiwan return to ROC, so there is still nothing associated with PRC. Taiwan is a sovereign country, with its own currency, government, territory, citizen, undoubtedly fact, doesn't matter how fifty cents army crying over it.

[@Time4Peace]

@@user-uk8il8py9w Clearly you don't believe in the UN. Or you think the US decides for the whole world. And brainwashed by the US narrative to divide and rule.

[@dmst528]

Although Taiwan is small, it cannot be ignored

[@someoneontheinternet9462]

10 seconds in and this video is already censored in china

[@KuanCGM]

0:23 The part relating to Qing Dynasty was somewhat inaccurate. The Qing Dynasty claimed to conquer "Taiwan" after they defeated a rebel army that desires to restore the Ming Dynasty resides on the west plain areas. However rest parts of the island were under control of the indigenous peoples and wasn't considered as territory or even mapped by the Qing government (this also continued for many years after Japanese took over). More importantly, Qing government never actively ruled or even had much controls over the lands before 1874 and that's not long before ceding Taiwan to Japan. Most of the time Qing government forbids people from mainland moving to Taiwan, or only single men were allowed. So many of the people moved back then were stowaways with no family and small portions of them married with indigenous people then inherited some lands. This gradually grew the settlements of Qing people, yet not really by planned and supports were little from Qing government.

[@laurentitolledo1838]

Taiwan is rich because of its government system...and the maverick entrepreneurs that spearheaded the tech industry...

[@nisstw]

Very true

[@DereC519]

as a taiwanese American i think this a pretty well made video

[@royyu1082]

might as well define taiwanese? the video obviously defined the idea of taiwanese as the real natives but the fact is more than 90% of population in Taiwan are immigrants from China, and when they came to taiwan they slaughtered the natives and forced them to move into the mountains. how ironic now they all think they are "taiwanese" yet they are all still following the traditional chinese culture.

[@user-gm4in8zw6z]

@@royyu1082 no, bad concept

[@eh-269]

@@royyu1082well I was born in Taiwan and I’m Taiwanese. Being Taiwanese doesn’t mean just being an aboriginal. As being Taiwanese is a nationality, not a race. That’s like saying that the native Indians are the only real American, everyone else isn’t. What’s your point? Stop grasping for straws.

[@biglucas9874]

@@royyu1082 Chinese culture. NOT COMMUNIST CULTURE. North Korea and South Korea are two different country too. You are a communist chinese and Taiwan is a democratic Chinese.

[@royc888]

Taiwan loves doing contract manufacturing on huge scale, many probably don't know most of the nike adidas sneakers are OEM by TWnese companies with factories in SEA. Most iphones and game consoles are made by Foxconn.

[@KPPO200]

The Foxconn boss got himself into trouble for wearing the ROC hat and enter the presidential. Kudos for him to stand up against China.

[@NorthKoreanLover89484]

Taiwan's growth is really impressive

[@zhu_zi4533]

But nearly half of Taiwan's trade volume is with mainland China. . . I really can't understand what this video is talking about

[@wheresmyeyebrow1608]

A lot of countries do the majority of its trade with China and are still extremely poor and underdeveloped.

[@HolahkuTaigiTWFormosanDiplomat]

@@zhu_zi4533 Because Taiwan has what China need and their undemocracy, censoring everything government is not working for the world peace.

[@nisstw]

@@zhu_zi4533 台灣經濟高速成長的時候，並不與中國大量貿易 台灣人口不及全世界的0.3%，然而，世界前10大遠洋貨櫃運輸公司，台灣佔3家。 這三家航運公司開設，是為了載運台灣生產的貨物到全世界，而開設的時間超過50年。 中國當時根本未改革開放，經濟才剛結束顢頇的人民公社。

[@user-gm4in8zw6z]

@@zhu_zi4533 no, only 30-40%, chinese top exporters are 6 out of 10 are Taiwanese maker.

[@teofilosingson9725]

Taiwan is so " Rich " because it is Not " Corrupt " Country 👍👍👍

[@Elchechobarra14]

Chen shuibian

[@JK-gu3tl]

Kai shek was def. Corrupt.

[@TheJadedSkeptic]

yea until it went fully democratic and produced the most corrupt president (Chen shuibian) and administration of all of history in Taiwan, and yet the Taiwanese people keep getting fear mongered into voting for the same corrupt party. While the economy and progress regresses.

[@user-je7fj5go2n]

a people live in his dream is lucky

[@kenho-wr5ul2rh7m]

is this a joke? taiwan is not a corrupted country? their govt just spent 800 billion TWD for nothing in pandemic

[@Jackavatar]

Simple, clear, no bias, all truth, and no judgement. Excellent work!

[@dragoda]

I have learned more from you than 4 years in a economic faculty. well done mate.

[@user-iq2gj6tf4f]

As a Taiwanese born and brought up in Taiwan, I learned so much from this video. Thank you so much for creating this. Wish this can reach to Taiwanese audience.

[@princeofchetarria5375]

Most countries could learn a thing or two from Taiwan’s dynamic mix of market and social policies :) their land to the tiller reforms, and support for small and medium businesses are examples for the rest of the world to follow

[@bjwashington8234]

My grandpa was born when Taiwan was Japanese Taiwan in the 1930s, he considered himself born as a Japanese, never recognized himself as a Chinese

[@9ENSOKYO]

same

[@HolahkuTaigiTWFormosanDiplomat]

So his kids can have a chance to be Formosan/Taiwanese.

[@hao-xn1pd]

挺可悲的，生下来就不知道自己的亲娘是谁😢

[@nisstw]

@@hao-xn1pd 驅逐韃虜，恢復中華。 意思是，中華不包括韃虜，蒙古，女真，滿旗人都不屬於中華，遠在海外的台灣，自然也不屬於中華。

[@Biotrek2001]

@@hao-xn1pd whose your dad ?? Russian !! 🤣🤣🤣🤣

[@GalaxionZero]

Taiwan is probably the only Japanese colony that suffered more because Japan left

[@JsliceQB1026]

Many popular Taiwanese computer companies include: Acer Asus MSI BenQ Cooler Master Gskill And Gigabyte Addendum: Foxxconn,AOC,HTC,Thermaltake, my favorite case manufacturer Lian Li, and the most important one; tsmc ( Makes CPUs) which stands for: Taiwan Semiconductor Manufacturing Company limited.

[@nisstw]

auo

[@sjshih01]

Most of dell and hp computers were made by the above Taiwanese companies.

[@classiclondonpooh1926]

A Formosan Black Bear friend of mine is Beary Happy to learn, how a country like his 🇹🇼 with luck & good policies, can get wealthy in a relatively short time (decades, compared to my country’s development 🇬🇧).

[@user-ru7rk9xl3z]

As a 27 years old Taiwanese,I could only eat dumplings as my dinner every day(TAT) for all expediture on the preparation for my Master Degree entrance exam next year. I am sure our elderly relatives are rich yet for our generation,it'not easy to be rich like before.

[@hectoralejandro9883]

11:10 “so Taiwan created a new company with a super unique name” 😂😂😂😂😂😂😂

[@charlech]

12:56 “The first advantage is that they lost the Chinese Civil War” 🤣🤣🤣

[@user-fy8nr5ik3i]

You are very good at explaining things❤

[@meiliyang4028]

Taiwanese in the early days are the most hardworking people in the world. They worked 24 hrs ,7 days a week in the early 60s to the 80s just to rush out goods. for export. I bet no other countries can compare to Taiwanese workers.

[@ChromisPasqueflowerBowerbird]

perfect example of a tall empire in 4x

[@user-hj1tx3zh1v]

I support Taiwan's independence.

[@kingace6186]

@@greentraveler4114 Did the CCP troll farm dispatch you?

[@gabbar51ngh]

​@@greentraveler4114based.

[@hatinmyselfiscool2879]

​@kingace6186 out of pure curiosity, what exact motive as a westerner do you have to support what is basically a political grouping trying to become independent from the rest of their country in one territory?

[@massalleh5255]

​@@kingace6186I agreed with the CCP troll too

[@imperial_Dragnix]

-10000000000000000 social credits 😭

[@docsavage8640]

Because they're not Commies

[@jclin79]

As a middle age Taiwanese, I never learned Taiwanese history in school before I went to the US in 1995. I’m glad Taiwan is getting more international attentions now! I remember people think I was from Thailand when I told when I was from Taiwan the first year in the US. However I would like to point out that Taiwanese are skinny not because we export all the food but being skinny is the common beauty standard there. 😅 And because of the constant treat from communist PPC, there are many Taiwanese live aboard. In my opinion, Taiwanese are one of the most skilled, hard working but at the same time modest people in the world. Taiwan is also the freest country in Asia and most inclusive of anyone being different. It is the first country in Asia legalize same-sex marriage. Thank you for making this video and I hope one day we could call our country Taiwan ❤ and lose the “China” in our official country name. After all, we are two different countries. ✌️

[@sodadrinker89]

27:55 Gotta love the Trek reference.

[@anv.4614]

Thank you. well appreciated. excellent summary.

[@jadeorbigoso5212]

One of the Taiwan owned schools is here in Cebu Eastern College in College. Before it is mostly composed of Chinese Taipei Students but they progress so that Cebuanos can also study there. Now Cebu Eastern College is now 109 Years old here

[@jadeorbigoso5212]

One of the Taiwan owned schools is here in Cebu. The name of the school is Cebu Eastern College . Before it is mostly composed of Chinese Taipei Students but they progress so that Cebuanos can also study there. Now Cebu Eastern College is now 109 Years old here

[@HolahkuTaigiTWFormosanDiplomat]

What, couldn't find much history but that was built by the Chinese sympathizer that initially, probably has nothing to with Taiwan but asking money, people for their arm-struggling revolution and the support of Japan empire back then... and why Taiwan has something to do with them later is because they illegally took over Formosa/Taiwan, at first under the command of Allied forces then they occupied the island illegally, in the end of the day Taiwan is still using roC - the outdated colonial-totalitarian Chinese government framework which force upon most of the Formosan/Taiwanese the non-Chinese citizens, and we're tearing it down bit by bit after the inevitable democracy we fought and sacrified for, and still fighting for sure, we're getting better.

[@jadeorbigoso5212]

@@HolahkuTaigiTWFormosanDiplomat you can actually visit the school here in Cebu, Philippines for more history about this school

[@alansd.3663]

I have done business with Taiwanese, I should say almost all(99.9%) are very trustworthy business people, but year 2001 one of the factory I was working with stole my invitation idea that he supposed to make sample for me, I knew that factory owner for a decade by then, He made my invention item but he sold to my competitive, since I had trusted on him then I didn't sign NDA, that was my mistake. Otherwise, I never had any problem with any other Taiwanese factory been deal with since last 32years, their promises are good as gold. Yes, each apple tree has bad one.❤❤❤

[@chunglin_tang]

Taiwan local here. Immediate reaction at title: NO we are NOT

[@sodadrinker89]

Rich enough.

[@bobs_toys]

Compared with the disaster you avoided across the Strait, yes you are.

[@pablosskates7067]

I’m from a first world nation. Everyone complains. Not appreciating what you have is not exclusive to the west, case in point.

[@canto_v12]

@@bobs_toysthey’re not as far behind as you think. Key coastal regions are already as affluent as Taiwan.

[@bobs_toys]

@@canto_v12 you know how you put that qualifier in? It's because outside of the tier 1 cities, things get bad quickly. You're comparing Taiwan as a whole to the best the PRC has to offer.

[@dave1234aust]

Complex scenario broken down into simp explanations. Stumbled upon your channel, and have subscribed. 😊

[@bobs_toys]

Now I'm Imagining a simp explaining economics.

[@GorillaBeamz]

This man takes his time with his videos. That's why they are soo good 👍 👏

[@paolosantiago3163]

I really hope all the best for our beautiful northern neighbor Taiwan 🇹🇼🇹🇼 coming from the Philippines. ❤😊

[@jau-yonchen6492]

A zillion thanks for your support, my fellow Southeast Asian brother/sister! 🥰

[@JSnow-st7hm]

@@jau-yonchen6492 the REAL Republic of China.

[@JSnow-st7hm]

@@jau-yonchen6492 The Real Republic of China 🇹🇼🇹🇼🇹🇼

[@jau-yonchen6492]

@@JSnow-st7hm It depends on one's viewpoint. However, the fact is that the Republic of China can only exist because of Taiwan as it got kicked out of its original territory excluding Mongolia back in 1949 and lost its official representation in the United Nations in 1971. One can only find remnants of the Republic of China government on China in museums, LOL!

[@tyvamakes5226]

15:00 Is that the Manchukuo anthem in the background? weird flex, but ok.

[@lesinge8868]

Yes it is ☠️☠️☠️

[@supernt7852]

how did y'all recognise it💀

[@lesinge8868]

@@supernt7852 I have critical levels of brainrot. Also if you know Chinese toponyms, you know that a song about Manzhou does not belong in a Taiwan video.

[@charlech]

I thought it is the counterattack mainland song? 反攻大陸去

[@supernt7852]

@@lesinge8868i can’t even hear the lyrics of the track in the background

[@villaxian]

Always a good day when history scope uploads!

[@TIENxSHINHAN]

🇨🇳and🇹🇼are interesting to me because no one has to theorize on what China would have been like if the outcome of the civil war were different. I know North Korea and South Korea exist but there's been way too much outside interference. PRC is China if the communists won, ROC is China if the fascists won. The funniest part about it is that both countries pretty much gave up their ideologies and became more or less the same, with the communist side keeping their communist style of government but ultimately just being another capitalist society. The CCP says that only Marxism-Leninism could've gotten China to modernize as much as it has, yet not only have they totally abandoned Marxism-Leninism, but there's another China on a stone's throw away that never embraced Marxism and is doing just as fine if not better.

[@marka8274]

As an expat that lives in Taiwan, I really see no difference between the KMT and the CCP. There ideology is that Chinese people need to be told how to live and how to think. Just look at Ma Ying Jiu visiting China to see Xi Jin Ping.

[@hatinmyselfiscool2879]

The roc built it's economy up on the back of others. They only got all what they needed BECAUSE they were in conflict with the communist. Really, if we were being honest here, the mere existence of mainland china is the reason the roc is as developed as it was because we saw what china under roc rule was like before the prc and it sure wasn't helping.

[@EarthForces]

The ROC got the superior ideology and much better social development than the PRC can ever dream of. Btw, the PRC economy's house of cards is unravelling with its real estate market essentially being a ponzi scheme that is much worse than that of the 2008 financial crisis!

[@gamer7916]

⁠@@EarthForces and yet PRC has the second largest GDP whereas ROC has less GDP than Mexico. Really says something when a communist country has higher GDP than most capitalist countries.

[@jinyichen4786]

The PRC has never abandoned Marxism. In China, Marxism is more like a belief rather than a specific policy. Everything that China is currently doing is aimed at bringing China closer to socialism. History has proven that only by combining the advantages of a planned economy, market economy, democratic centralism, and other systems, can a country achieve better development.

[@yasinfrei]

I thought I once saw another video of yours, long time ago. I just couldn't relate. But then you talked about chocolate. It was all clear from that moment. Well researched video.

[@TwitterasX]

Special thanks to Taiwan's minister of economic affairs Sun Yun-suan from 1969 to 1978 ! He single handedly pushed all the laws that made the establishment of the entire electronic industries of Taiwan possible, including TSMC, HTC, UMC, Foxconn and so on. Back then, no one knows this will have such a significant impact on the futre this island nation. He is a true prophet that politicians all over the world can learn from.

[@apresoline3306]

Great video. The only problem is that the background music is NOT Taiwanese but Chinese.

[@AmelieZh]

Shabiiii

[@xldhybyzwh]

Great video.The only problem is that the background music is NOT American but English

[@lil----lil]

Thank GOD Winnie Xitler could NOT have Taiwan and NEVER will. Companies like TSMC, Asus, Acer, MSI, Gigabyte, Foxconn, MediaTek etc., not only would've NEVER existed, much less thriving. ALL companies in china MUST share profits with the CCP or face closure. Jensen Huang (Nvidia), Lisa Su (AMD), Jerry Yang (Yahoo), Steven Chen (KZbin), to name a few (All Taiwan born). I'm talking this "small island" produced some of the BIGGEST names in the tech industries. BAR NONE.

[@taiwansivispacemparabellum9546]

0:11 we stopped being part of china since the Japanese-sino war.

[@HolahkuTaigiTWFormosanDiplomat]

HII

[@user-gm4in8zw6z]

YES...

[@dreamergale8859]

As a Taiwanese, I can't feel we are rich, even my income already top 20% in Taiwan. Still can't afford a house, when travel abroad feel like everything is so expensive even in south east asia. Taiwan is not as rich as you think. Way behind south korea and hong kong, singapore, only better than some countries in ASEAN.

[@tonyyoung1991]

in fact, china has never fully conquer taiwan as whole until ROC show up the earliest one is ching but ching has only got few areas at the west side of taiwan and as for ROC tho… they also only got taiwan for very short period of time and then japan step in japan win the war first and claim taiwan&penghu as the result of the war and then japan lost ww2 they've gave up the sovereignty of taiwan&penghu but not straight return it to ROC and then ROC has failed the fight between ROC&PRC and fall back to taiwan and then, here we are🤷

[@chrisyang05]

Great video, please keep making them. I'd say Taiwan's economy consist largely of 3 characteristics: export, small medium enterprises (SME), and educated workforce. Most companies in TW focus on 1 or 2 product lines only and hire between 100 - 1,000 very skilled workers. Open up an iPhone and you'll find many of its key components are actually designed and made by the "nameless" TW companies who are actually leaders in their respective areas. Because TW has little natural resources and a small domestic market, it has to bet on the right industries at the right time (e.g. the PC industry). Thanks to the SMEs, companies can pivot quickly to stay competitive and rely on "nerds" from school to make sure the execution is right. Taiwan is slowly maturing to a stage where people from first world countries are finding it desirable to live. Hopefully, the economy will slowly move from the low-paying export industries to the high-paying, world class, service industries that keep on attracting foreign investments to sustain its growth.

[@Waverlyduli]

Good little potted history of Taiwan's economic evolution. Essential to also point out Taiwan's sound Democracy and lower levels of corruption are indeed why it's a wealthier high functioning society; and point to reasons why China will always be relatively poor per capita and dysfunctional under autocracy.

[@sheep1432]

Wait 10:36 how cheap is your food or how expensive is your pc I spent around 4700 a year like 3 a week for 30

[@JenghanHsieh]

When the Japanese left, Taiwanese people "do" know about how to organize themselves and know about the rule of law more than the war torn China (Nationalist party). Although the education given to Taiwanese people mainly focus on science , medical training (as doctors), these very intelligent people become an important part of the society and the cultural trait passed on until now. I feel the source material in this video skews heavily toward China and the Kuo-Min Tang (KMT/Nationalist Party), and downplay the infulence of the Japanese colonization.

[@KuanCGM]

05:44 Hell, this was desperately wrong. Japan did suppress Taiwanese from positioning high in the local government or establishing a parliament for Taiwan. However this doesn't mean there weren't any Taiwanese in government. Furthermore, Taiwanese elites back then would receive higher educations in mainland of Japan or even abroad to europe and America for all kinds of majors. In Taiwan local, there's at least medical school for intelligent students with weaker economic background. It is ridiculous to say there were not enough expertises to run the island after Japanese left. The main problem was the Chinese nationalists treated Taiwanese as Japanese a.k.a. defeated enemies when they arrived. So there's no way the nationalists would let Taiwanese rule themselves, even when the Chinese were not and Taiwanese were capable of doing so. Subsequently, dued to the growing discontent, the nationalists even started to slaughter dissidents in 1947 and eventually wiped out a whole generation of Taiwanese elites. 06:47 Moreover, it wasn't actually the mainland China supporting Taiwan after the nationalists took over, more like the resources from Taiwan were shipped to mainland China to support the war...causing hyperinflation in Taiwan.

[@shamuchio4933]

Please learn about the Chamorro and Hawaiian people not only in Japan but also in the American colony of Guam. Even in the 21st century, they are still deprived of the right to vote. At that time, the world believed that Hawaii's Bayonet Constitution was acceptable.

[@MrIlluminated322]

Awesome video, very informative!

[@Erokk1988]

Great video! I learned a ton

[@jasonfischer8946]

27:55 I had a feeling that you were a Star Trek guy

[@shangenhung]

Please note that the history of Taiwan didn’t only involve China, Japan, and the U.S. Before China’s Qing Dynasty, some part of Taiwan was under Spain and Dutch’s control as well.

[@idm654321]

"Thus the Dutch economy has grown"

[@larrymoore8094]

Great video! Instructive and informative.

[@LLENN0420]

I am proud of my country，Republic of China 🇹🇼. After all，it is the eighth democratic、free and human rights country in the world，Democratic China 🇹🇼 👍.

[@TheboyInPurple915]

It feels like forever when you don’t uploaded 😁👌

[@HistoryScope]

I uploaded 3 videos in 3 months! :o

[@csanfino283]

I thought that you would upload 1 video a month, i was so sad when you said only 10 videos instead of 12 this year. ​@@HistoryScope

[@user-bl5yc3sn8m]

The Republic of China and the People's Republic of China are not the same country. The Republic of China was founded in 1912. The People's Republic of China is 1949. Due to the war, the Republic of China retreated to Taiwan and evolved into the Republic of China (Taiwan).

[@beebeeq799]

Love the background music and songs! Good picks!

[@connect4419]

Great video!

[@streamlinedengine]

As a Taiwanese person, this video is better than 90% of what we teach in school, and amazingly untainted by any political-historical narrative. It’s rare to find a video on Taiwanese history so well researched and well made anywhere online. Jolly well done, Avery!

[@egukeefemenavictor]

Great review 🙏

[@jonnyboy8143]

Wow, keep growing.

[@Jp808]

This was a great video guys. Excellent topic as well

[@MrBorderlands123]

I like how it's only mentioned off hand once that Taiwan spent the majority of its time as a military dictatorship.

[@BunToomo]

most countries going independent in the 90s are. it simply very difficult to have a stable country that starts as a pure democracy then.

[@HistoryScope]

This video focusses on the economics, not the political side. Based on historical data, a country can become rich under various types of governments.

[@hatinmyselfiscool2879]

​@@BunToomoabsolutely not, also we are not talking about a country becoming independent? We are talking about a government that existed since the 1920s moving too a small part of their own country.

[@hatinmyselfiscool2879]

​@@SunnyIlhathat's the worst excuse for dictatorial rule i ever heard.

[@hatinmyselfiscool2879]

​@@HistoryScopeeconomics are inherently political? How is talking about japan colonizing Taiwan not political.

[@formosan9576]

Great Vid

[@cameronwarttig1732]

No time stamps? );

[@garyhuntsr71698]

❤ almost perfect analysis, expect that ching Empire ruled less than 15% territory in Taiwan, and the Japanese overwhelming rule end modernization was the turning point🎉

[@SushiElemental]

One day we'll get History Scope branded chocolate... one day... delicious, delicious chocolate 🍫

[@fossanova9128]

Love your videos

[@robertmorgan8536]

that was a VERY informative 37 minutes. I have a better grasp on how the ENTIRE world around me functions. Thank you!

[@me0101001000]

If anyone is more interested in the rise of TSMC specifically, and has a background in engineering, you'd love Asianometry's coverage on TSMC.

[@fraktaalimuoto]

It is a great channel for that sort of content.

[@charlech]

His delivery is way too monotonous, not fun at all.

[@prohacker5086]

What about TSMC? Isn't that a conflict with the theme of Taiwan being a country of many small companies unlike South Korea?

[@sodadrinker89]

South Korea is mostly full of Large Corporations that make just about everything. TSMC makes only one thing.

[@neillu]

TSMC is huge; but still it constitutes only 7% of Taiwan's GDP, compared to the 22% of Samsung in Korea. I would argue that TSMC still follows the themes described in this video, that is, for each company to do one specific thing very well. TSMC has so many talented people and can surely make their own chips, like what Samsung is doing and what Intel is trying to do. However, it simply chooses not to do so; instead, it focuses on, and only on, making chips for other companies, such as Apple, Nvidia, and Qualcomm. After all, companies like Apple wouldn't want their chips to be fabricated by Samsung, since Samsung is also a direct competitor in the chip design market. They thus turn to TSMC, because TSMC does not compete with them. But if TSMC doesn't design chips in Taiwan, then who does? Companies like Mediatek, also strongly supported by the Taiwanese government, specialize in design. So I would say, compared to Samsung in Korea, Taiwan, as the video said, breaks up its industries into smaller ones that each collaborate and compete with one another. Companies tend to be very specific in what they do (TSMC as a dedicated foundry, for example) to maximize profit and to maintain good ties with their customers abroad.

[@sethbenjamin9326]

Very good content! Very informative!

[@murmur3966]

Hello Hello From Victoria Canada!!! I am brand new to your channel and after seeing this excellent episode I am looking forward to checking out more of your channel. You researched details and historical facts I had now idea about so keep up the awesome content you and your team create. I hope you all, stay safe, have good luck, good health and find as much happiness as you can possibly enjoy. 🤘😁👍

[@bowlampar]

Differences between European and Japanese colonial master is that the former colonialization goal is to exploit its colony natural resources for its own industrial needs, not much into assimilation of local population into their main population nor interested in aiding the development of the colonized land in every aspect of economy, social and industry.

[@bobs_toys]

G'day.

[@shadowzabyss]

I really wish you had mentioned TSMC

[@m5x294]

What a wishful thinking! 😉

[@mikslids7083]

TSMC's revenue is expected to reach a record high of US$87.315 billion in 2024. Advanced Micro Devices (AMD) previously estimated that the potential market for its data center AI accelerators will grow from US$45 billion in 2023 to US$400 billion in 2027, representing a CAGR of over 70%. Analysts are optimistic that TSMC, as an important foundry partner of AMD, is expected to grow along with the industry trend.

[@DoctorCip]

Very interesting and educational.

[@cyrusthegreat1893]

Well done, but I think you missed to mention that after the end of last Chinese civil war ( 1945-1949 ), nearly more than 2 million rich and educated Chinese whom were targeted by the newly founded Communist government in China moved into Taiwan, which contributed a lot into development of the country.

[@bobs_toys]

And in the decades after, anyone who was vaguely competent wasn't considered a class enemy and attacked. It's amazing what small details make a difference.

[@bobs_toys]

When my father went to teach in China, he was shown the window a previous English teacher was thrown out of. Not a sight he could have been shown in Taiwan.

[@HistoryScope]

That was stated in the video already.

[@rchen1494]

Not 2 million rich and educated ppl. The 2 million included rich ruling class, but most are poor soldiers without much education, came to Taiwan with nothing. Some boys were kidnapped by kmt while working on the farm. Only met family again when they were able to visit China 4 decades later. These are the kind of sad stories happened in time of wars. These soldiers have great contributions to Taiwan development, many unwanted and dangerous jobs were done by them, such as building highways.

[@user-gm4in8zw6z]

maybe, but they brought nothing besides of greedy people, Taiwanese supplied them food, drinking, ground, house...everything, what a pity, they massacred many Taiwanese...

[@infinitsai]

Despite the impressive economic numbers, i still just hope my salary (just above mid in taiwan) can outgrow inflation though

[@Vuosta]

Excellent choice of song at minute 30 :)

[@rafalkaminski6389]

High level cooperation between companies :)

[@clairewoods]

excellent supply chains in Taiwan

[@itriedtochangemynamebutitd5019]

Tawians economy is so inpresive. Taiwan has such a stable democracy and economy with almost no resources.

[@jau-yonchen6492]

Appreciate your comment. Keep in mind that having natural resources like petroleum, gold, and diamonds can also be a curse if not managed properly with sound governance backed by solid institutions!

[@itriedtochangemynamebutitd5019]

@@jau-yonchen6492 Yep. When you have too many resources you can end up being a rentier state.

[@nipun_in_space]

Could you make a video about the rapid growth of India's economy?

[@cool.politics]

The so-called "Chinese Taiwan period" is a mistaken modern Chinese nationalist perspective. In fact, the Han people of that time were actually part of the Ming Empire, which was initially conquered by the Qing Empire. Some of the Ming imperial family could only rely on southern pirates to escape. Among them, Zheng Chenggong led the pirates who first repelled the Dutch East India Company, which had occupied Taiwan at the time, and fled to Taiwan to establish the Kingdom of Tungning. Because Zheng Chenggong fought under the banner of restoring the Ming, the Qing Empire had to dispatch troops to extinguish the Kingdom of Tungning. In other words, both China and Taiwan were successively conquered by the Qing Empire in the 17th century, until the Qing Empire ceded Taiwan to Japan. The ruling power over Taiwan was Qing , not China.

[@HistoryScope]

Yeah I skipped over this part because I wanted to get into the economics straight away. We will go into more detail when we cover the Chinese dynasties

[@charlech]

Qing is China, wtf you on about

[@cool.politics]

@@charlech for some Chinese, everything is part of China. If Ching were China, then Mongolia was China. Or, China was Mongolia.

[@cool.politics]

@@HistoryScope Be careful, the historical view of modern Chinese nationalists is very problematic, including an attempt to compile a continuous and unified dynasty history to achieve a so-called Chinese nation. But everyone knows that the Chinese nation is an imaginary concept, serving the rulers to oppress all ethnic groups in China.