Industrial Expansion

Dr. Lew suggested that industrial expansion is primarily responsible for the great increase in Taiwan's international trade. In 1964 his country had a total trade of 875 million USA dollars. In the same year Taiwan had an export surplus of 52 million USA dollars.

The Formosan economy is now sufficiently well developed to be able to get by without USA aid. In fact, the Nationalist Government now finds itself in the position of extending a Foreign Aid Programme to 50 other countries in Africa, the Middle East, Asia and Latin America.