Question

Free trade and Liberalization policy, citing the advantages that it has facilitated in contributing to Taiwan’s growth and development of its economy.

Answer 1

Taiwan’s growth and development of its economy are based on free trade because the development in Taiwan is less and the productive resources are also very less so, for this reason, it is important to maintain a free trade relationship with other nations.

The liberalisation policy means to provide an easy licensing system to the domestic industries so that they can produce a large number of goods and services in the economy and contribute in the development in the growth of the economy

Liberalisation policy is very good in maintaining protection for the domestic industries.

Free trade means all the trade relations are free to move from one place to another place and therefore it is highly beneficial for a country like Taiwan where 80% of things are based on free trade.

The development of Taiwan is based on the investment policies and the government can easily invest in the international project because the international project will provide you with some type of guarantee regarding the development of the business in the country so therefore for the development point of you it is very important to concentrate on the free trade and liberalisation policies and to enhance these policies so that more and more form can contact and establish their business in Taiwan and to increase the economic growth and development.