known as the Asian Tiger, ranks third in the world in terms of foreign
currency reserves, after Japan and China. The economy is a free market
economy, and the world's 15th largest trading nation. GNP per capita in
Taiwan is approximately US$13,200.
During June 1998,
the labor force in Taiwan amounted to 9.5 million, while the unemployment
rate was 2.7 percent. In the 9.5 million employed, 45 percent are women
over the age of 15. Women exercise fair rights as men, which also amounts
to equal pay.
Taiwan is opting
to become the operations center for multinational corporations in the
Asia-Pacific region. With the increasing economy and a fully developed
infrastructure, Taiwan is an outstanding entrance to Asian markets.