Good fiscal management is certainly an apparent reason. The major strengths of Taiwan are in export and high tech. Excessive surplus in trade ensures a healthy economy.
absolutely, simple math equation and concept, just like running a family. One needs good income source and efficiency control of budget and less debt as possible to keep life going.
Iit's just part of reasons, there are many other sides, such like high eduaction system , hard working people , flexible biz mode and to be trusted partners on biz.
There are typhoons and earthquakes yearly. China threatening every day,our allies might not come to aid in strict conditions. So we must save money for a rainy day.
@@翠始皇 if no threat from China, USA didn't give a shit to pouring Billions dollar to help build the military and taking care Taiwan deficit since 1950-1970 which is cover 78% of it. And still going to this day.
Just to make it very clear: In absolute terms, Taiwan's debt continues to rise. It's only because Taiwan's GDP growth outpaces debt growth, that the ratio seemingly goes down. Also, as mentioned, Taiwan barely got hit by the pandemic, and therefore did not need as much of a monetary stimulus to keep the economy going. This in turn meant that Taiwan had much less of an inflation shock in the aftermath of COVID, saving the cost of fighting that as well. Taiwan knows that it can't rely on anyone else (i.e., IMF) for support due to its precarious international position. So it leans on the conservative side when it comes to monetary, exchange rate and fiscal policy. This probably meant that Taiwan could have seeked higher risk, higher return options (e.g, more ambitious infrastructure investment), but generally did not do so. But it also meant that Taiwan retained the flexbility to weather the Asian financial crisis, the 2008 financial crisis, and COVID with ease.
Yeah Taiwan are very highly Developed country in Asia and with big Power allies like u.s.a or NATO Taiwan have big influence on world politics and there democracy or capitalism are on peak and also very least corrupt nation so that's why there high GDP growth or low debt 🇹🇼⛩️ Viva Taiwan.
@@jkc3738 No, the average pre-tax salary per month is higher than USD $1300. The PPP of Taiwan, it's ranked top 15 of the world due to lower product price.
We often underestimate the strength of the land we live in. As a Taiwanese, I know that since the 1960s, we have had leaders who laid a strong foundation for our society. During the 2008 financial crisis, our central government skillfully navigated the challenges posed by Wall Street, helping us avoid the worst impacts of the crisis. Bit by bit, we have accumulated the wealth and stability that define us today. However, we still face potential crises that we need to monitor closely. I hope that our talented individuals who study abroad will return home to help make our nation even greater and more livable than it already is. ✌️🏼
It is not because the people of Taiwan are lucky; there is a sustainable population within the nation who actually cares about politics and policies to make good choices for their government.
As a country, we had to stay vigilant to stay alive. Taiwanese democracy is not as idyllic as Athens where people could afford to have their public officials to be elected by drawing lots, but is more akin to a Roman system where great power is bestowed to the government under the watchful eyes of its citizens.
Taiwan’s low national debt can be attributed to a deep-rooted sense of financial caution shaped by historical and geopolitical challenges. Following the Chinese military occupation after World War II, Taiwan experienced a drastic currency devaluation, with the Taiwanese dollar depreciating by 40,000 times overnight. This financial trauma, coupled with the arrival of millions of refugees from mainland China in 1950, ingrained a wariness toward economic instability among the Taiwanese, especially the older generations. Decades of diplomatic isolation due to pressure from China have further amplified this uncertainty, as Taiwan faces ongoing risks of military or economic conflict. Consequently, national fiscal policy emphasizes prudent public spending to safeguard against future disruptions, reflecting a societal preference for self-reliance and financial stability.
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.
To all: Taiwan was an aboriginal country. Netherlands was the first country to colonise Taiwan in 16 century. Dutch imported many Chinese from China as foreign labors to build Taiwan in 16 countries. Japanese colony from 1895-1945， and then Republic of China ( Taiwan, Republic Of China. ) took over rule of the island after Japan lost the war. Taiwan has Never controlled by People Republic of China ( P.R.C. established late in 1949 ) . Democratic Taiwan R.O.C was in UN until 1979. Please support Taiwan 🇹🇼 to be recognised by UN and WHO again . There are 2 Korea in UN and WHO , why UN and WHO has obeyed CCP China's demands?
Great video. One caveat to point out: Taiwan continues to have an export driven economy, and suppresses its foreign exchange rate as a result just like most Asian economies. The nominal wage in USD is still low comparing to developed countries but ranked near the top by purchasing power. What this means is labor is still cheaper than what it's supposed to be. For example, you can work in US and move to Taiwan to live very comfortably, but not the other way around. Taiwan government recognized this problem and have been pressuring corporations to increase wages over the years.
The nature of the debt is to raise taxes for all, and when that money flows into the market, it causes wages to rise, prices to rise, and housing prices to rise. Simply put: the more money you print, the poorer the people become. The meaning of inflation .
You are only looking at numbers provided by the Taiwanese government and fail looking at the individual people in Taiwan. There is such disparity between people. When I started working after gradation, my beginning salary is $1000 USD. It is still the same 25 years later but the housing cost went many folds…
We spend a lot of time on our job. Taiwan has little nature resources. and face the powerful neighbor that always want to take over Taiwan. Foucus on our job and try to survive is the main part of our life.
You can’t compare their debt to other established countries. The time horizon to accumulate a significant amount of debt for such a “new” country is so short. What is the debt of other countries that have existed for only
Impossible. Vangag and Tamby are set to spend 450 Billion pesos on ayuda which every congressman will also get their cut. Where would they get that 450 Billion pesos? Well, borrowing
I will still point out that Taiwan has a low-risk mentality. It prefers to prevent rather than risk encountering problems. That's also why there are many more restrictions in everyday life in Taiwan.
Quit insulting the people of Taiwan as ethnical Chinese, please. There is such a population within Taiwan but as a minority. Not everyone belongs to that demographic.
Keep in mind that Taiwan is not recognized as a country, and when the nation is at stake, it would be difficult for Taiwan to raise money from international organizations.
The secret is that Taiwan is the second most densely populated country in the world with a population of over 10 million . Reduce transportation costs and infrastructure costs. Holland also has a high population density。 --------- The population density in Taiwan is 640/km2 . However, the real population only lives on 25% of the land, and the real population density is 2000 /km2
As an indigenous person who has not traveled abroad, according to RUclips video and audio data, personal assessment is the world's top 20 friendly quality of life. Unemployment is under control, industrial development is once again in development, healthcare is in the top 10 globally without problems, the technology industry is developing normally, one of the safest countries in the world, disaster recovery capability can be in the top 10 in the world; mountains are in the middle of the island, the North-South 3-hour high-speed rail, the biggest problem is the lack of enough money and time to play. (Translated by DeepL) 做為沒出國的土著，依據 RUclips 影音資料，個人評估是世界前20的友善生活品質。失業率控制中，產業發展又再一次處於發展中，醫療全球前10沒有問題，科技業製造業正常發展，世界最安全國家之一，災害復原能力可以是世界前十；山在島的中間，南北3個小時高速鐵路，最大的問題在於缺乏足夠的金錢、時間玩。(DeepL翻譯)
Thank you for this report and analysis. The general public can see how the world cuts in, and the objective situation of a country. It's a pity that there are no subtitles, so I can only guess some information, thanks for your hard work! (Translated by DeepL) 謝謝這個報導、分析。一般人可以看到，世界是如何切入，一個國家的客觀狀況。可惜沒有字幕，只能猜測一些資訊，辛苦了，感恩！(DeepL翻譯)
Taiwan is a great economy. Unfortunately, the workers are NOT benefiting from the fortune with average wages of less than NTD40,000 (USD1,350) That is very, very low for a per capita income of over USD 33,000.
Yes. That’s true but you forgot to mention the cost of living is very very low comparing to advanced economies. Hence the purchasing power is much higher than most advanced economies. According to IMF, PPP per capita is around 79k, ranked at 12. Taiwan is far from perfect. There is housing price crisis going on for quite a while, resulted mostly from low interest rate policy. If you don’t buy any house, you can live quite comfortably in Taiwan actually.
After all, Taiwan is an island ruled by a foreign regime. Although the DPP originated from Taiwan, there is still a major party representing the old China. And most people can't even tell the difference between ROC and Taiwan.
Taiwan is one of the few countries in the world with the lowest salaries, the highest housing prices and the highest number of hours worked. I'm in hell.
Taiwan might not be perfect, but it’s definitely far from hell. Taiwan's income may not be as high as in some countries, but compared to neighboring countries like Japan and South Korea, and other developed nations, the cost of living is more affordable. Taiwan also offers an excellent healthcare system, safety, and a friendly community that can make a big difference. 🙂
Taiwanese work hard and efficiently, they are responsible for their finance and the government is on top of the countrys budget and export oriented economy
KMT's sells the country's efforts, our country Shen to be in competition for the richest in East Asia, the first freedom in Asia .... (Translated by DeepL) 國民黨賣國的努力，我國沈到在競爭東亞首富，亞洲自由度第一…。(DeepL翻譯)
Taiwan's GDP per capita is higher than that of Korea and Japan....but Taiwanese salary is only half of that of Korea and Japan.....This is the region with the most serious economic fraud in the world
I have only heard of Taiwanese people going to Korea to work... never the other way around... Taiwan's low wages are well known throughout East Asia... Taiwan is actually an economy with a GDP per capita of around $22,000... anyone who has been to Taiwan would never think that Taiwan is a developed economy
The GDP of Korea and Taiwan is $3,600 and $3,300, respectively, so Korea is higher, but looking at Korea's future, it seems possible that Taiwan will overtake Korea.
@@jkc3738 South Korean salaries are not attractive to Taiwanese, who would rather go to the United States and Australia, and go to South Korea to work just to chase their favorite KPOP stars
The amazing thing about Taiwan is that the government's governance efficiency is extremely poor, but its businesses and people are able to create high value.
There is an big issue I’d like to point out that Taiwan government yet prepared enough pension reserves for labors retired in the past 20-30 years, that means trillions of dollars for next 2 decades to pay!
We live in Taiwan, we believe the statistics you present, but the economic miracle you believe is false. Taiwan has the lowest birth rate in the world. Average people have to work 15 years "without eating and drinking " to be able to buy an affordable apartment to live. Not a few young people with their salary can't survive without getting support from their parents.
Actually South Korea is the lowest now but we are also very low. Yes, the house price is one of our big problems. Much like Hong Kong, Sydney, Vancouver etc. Crazy high.
Not exactly. In average, it merely takes less than 8 years to buy a house in Taoyuan city. What you mention are the residents of Taipei city. You don't have to dwell in San Francisco or New York to earn a living anyhow. Welcome to Taoyuan!
@@LongLIN-ol6es maybe if he means Singapore..... certainly not like the Philippines, Indonesia, Vietnam, Thailand etc whose workers often come to Taiwan to make more.
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.
Do you think Taiwan's economic miracle is because of good fiscal management?
Good fiscal management is certainly an apparent reason. The major strengths of Taiwan are in export and high tech. Excessive surplus in trade ensures a healthy economy.
absolutely, simple math equation and concept, just like running a family. One needs good income source and efficiency control of budget and less debt as possible to keep life going.
It is surprising how good the fiscal management is… while the politicians are still being corrupt!
Iit's just part of reasons, there are many other sides, such like high eduaction system , hard working people , flexible biz mode and to be trusted partners on biz.
Fiscal discipline is an important indicator of a successful country
Taiwan is a beautiful country.
officially the Republic of China (ROC)
@@1980JUNBut many Taiwanese want to change the name to Republic of Taiwan, because "China" is notorious due to PRC.
@@1980JUN nah
@@1980JUN No matter the national name of Taiwan is ROC , Republic of Taiwan or whatever, Taiwan is not China and certainly not part of PRC.
Which part is beautiful?
There are typhoons and earthquakes yearly. China threatening every day,our allies might not come to aid in strict conditions. So we must save money for a rainy day.
Cannot agree more
thanks to taiwan😊 over 10miliion indonesian can eat, buy a house, and buy car . thanks taiwan
Imaging if there is no threat from China and they can spend the defense expenditure on something else.
+1
Thats what they did until now
@@翠始皇 if no threat from China, USA didn't give a shit to pouring Billions dollar to help build the military and taking care Taiwan deficit since 1950-1970 which is cover 78% of it. And still going to this day.
@@OrenIshiii-rg7srno…China has kept threatening to invade Taiwan for 70+ years!
Just to make it very clear: In absolute terms, Taiwan's debt continues to rise. It's only because Taiwan's GDP growth outpaces debt growth, that the ratio seemingly goes down. Also, as mentioned, Taiwan barely got hit by the pandemic, and therefore did not need as much of a monetary stimulus to keep the economy going. This in turn meant that Taiwan had much less of an inflation shock in the aftermath of COVID, saving the cost of fighting that as well.
Taiwan knows that it can't rely on anyone else (i.e., IMF) for support due to its precarious international position. So it leans on the conservative side when it comes to monetary, exchange rate and fiscal policy. This probably meant that Taiwan could have seeked higher risk, higher return options (e.g, more ambitious infrastructure investment), but generally did not do so. But it also meant that Taiwan retained the flexbility to weather the Asian financial crisis, the 2008 financial crisis, and COVID with ease.
說到重點❤
You are so right!
Taiwan is not member of UN, so IMF and WHO will not support Taiwan,. That is reason TW have to stand up himself.
這要歸功予阿中部長，防堵中國武漢肺炎的危害，在防疫期間大家都能夠正常的工作與生活，以及小英總統的帶領，帶領臺商回臺投資，進而帶動本土產業的蓬勃發展
It is trying to built 100% green energy. That is such a joke. Electricity bill will skyrocket. Inflation will follow that.
I am so proud of my country, Taiwan.
Me too 😊❤🎉
thanks to taiwan😊 over 10miliion indonesian can eat, buy a house, and buy car . thanks taiwan
Taiwan is a wonderful country. I love it so much from Vietnam.
Yeah Taiwan are very highly Developed country in Asia and with big Power allies like u.s.a or NATO Taiwan have big influence on world politics and there democracy or capitalism are on peak and also very least corrupt nation so that's why there high GDP growth or low debt 🇹🇼⛩️ Viva Taiwan.
There is no developed economy where the average pre-tax salary of formal employees is only $1,300 🤣
@@jkc3738 lmao the GDP per capita of Taiwan is higher than most european countries,.
@@jkc3738 But Taiwan is one of the countries with the lowest tax burden in the world.
@@jkc3738 and the Taiwan has a low CPI in this level of salary
@@jkc3738 No, the average pre-tax salary per month is higher than USD $1300. The PPP of Taiwan, it's ranked top 15 of the world due to lower product price.
台灣人簽到
Taiwanese chose a great President just like President Tsai. She made a lot of correct decisions and lead the country toward the world but China.
We often underestimate the strength of the land we live in. As a Taiwanese, I know that since the 1960s, we have had leaders who laid a strong foundation for our society. During the 2008 financial crisis, our central government skillfully navigated the challenges posed by Wall Street, helping us avoid the worst impacts of the crisis. Bit by bit, we have accumulated the wealth and stability that define us today. However, we still face potential crises that we need to monitor closely. I hope that our talented individuals who study abroad will return home to help make our nation even greater and more livable than it already is. ✌️🏼
bs
They are lucky to have a very sensible government
It is not because the people of Taiwan are lucky; there is a sustainable population within the nation who actually cares about politics and policies to make good choices for their government.
As a country, we had to stay vigilant to stay alive. Taiwanese democracy is not as idyllic as Athens where people could afford to have their public officials to be elected by drawing lots, but is more akin to a Roman system where great power is bestowed to the government under the watchful eyes of its citizens.
Taiwan’s low national debt can be attributed to a deep-rooted sense of financial caution shaped by historical and geopolitical challenges. Following the Chinese military occupation after World War II, Taiwan experienced a drastic currency devaluation, with the Taiwanese dollar depreciating by 40,000 times overnight. This financial trauma, coupled with the arrival of millions of refugees from mainland China in 1950, ingrained a wariness toward economic instability among the Taiwanese, especially the older generations. Decades of diplomatic isolation due to pressure from China have further amplified this uncertainty, as Taiwan faces ongoing risks of military or economic conflict. Consequently, national fiscal policy emphasizes prudent public spending to safeguard against future disruptions, reflecting a societal preference for self-reliance and financial stability.
Well said. All that challenges thanks to the KMT.
很棒的製作.感謝你.
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.
thanks to taiwan😊 over 10miliion indonesian can buy foods, buy a house, and buy car . thanks taiwan
To all:
Taiwan was an aboriginal country. Netherlands was the first country to colonise Taiwan in 16 century. Dutch imported many Chinese from China as foreign labors to build Taiwan in 16 countries. Japanese colony from 1895-1945， and then Republic of China ( Taiwan, Republic Of China. ) took over rule of the island after Japan lost the war. Taiwan has Never controlled by People Republic of China ( P.R.C. established late in 1949 ) . Democratic Taiwan R.O.C was in UN until 1979. Please support Taiwan 🇹🇼 to be recognised by UN and WHO again . There are 2 Korea in UN and WHO , why UN and WHO has obeyed CCP China's demands?
台蛙真的好想独立😂
所謂的漢人也只是當時台灣的外籍勞工。
笑死😂大清的历史你是完全抹去，明郑也不存在是吧？为了歪曲事实认荷兰人为祖宗厉害了👍
traditional colonial lands
Shot out to Taiwan, the most under valued economy is the world.
the most overrated employee life country
@@950110k Why?
@@LongLIN-ol6es lowest salary highest work hour and house price
@@950110k It's not true, TSMC's pay is very great .
Very little debt, could jeopardize growth. A little debt is okay.
great video! but i do hope less people know about this the better.
Great video. One caveat to point out: Taiwan continues to have an export driven economy, and suppresses its foreign exchange rate as a result just like most Asian economies. The nominal wage in USD is still low comparing to developed countries but ranked near the top by purchasing power. What this means is labor is still cheaper than what it's supposed to be. For example, you can work in US and move to Taiwan to live very comfortably, but not the other way around. Taiwan government recognized this problem and have been pressuring corporations to increase wages over the years.
The nature of the debt is to raise taxes for all, and when that money flows into the market, it causes wages to rise, prices to rise, and housing prices to rise.
Simply put: the more money you print, the poorer the people become.
The meaning of inflation .
You are only looking at numbers provided by the Taiwanese government and fail looking at the individual people in Taiwan. There is such disparity between people.
When I started working after gradation, my beginning salary is $1000 USD. It is still the same 25 years later but the housing cost went many folds…
We spend a lot of time on our job.
Taiwan has little nature resources.
and face the powerful neighbor that always want to take over Taiwan.
Foucus on our job and try to survive is the main part of our life.
Good to know all these information. Thank you.
Thanks to Export Regulations and QE from US, some companies move their supply chain to Taiwan and the Stock Market keep rising during Covid.
You can’t compare their debt to other established countries. The time horizon to accumulate a significant amount of debt for such a “new” country is so short. What is the debt of other countries that have existed for only
I like you English ;-) It's very clear
Please do a comparison between Taiwan and China on national debt.
China has five thousand years of history and five thousand years of debt
lol it's not even the same scale, you can compare taiwan and south korea
The answer is TSMC, hard carry from chips
Can The Philippines have low debt and high growth like Taiwan does?
Invest education first ..
If Marcos didn't steal
Impossible. Vangag and Tamby are set to spend 450 Billion pesos on ayuda which every congressman will also get their cut. Where would they get that 450 Billion pesos? Well, borrowing
nvest education first🙂
@@Biotrek2001no no . PH is enough to export manpower all over the world
這要歸功予阿中部長，防堵了中國武漢肺炎的危害，在防疫期間大家都能夠正常的工作與生活，以及小英總統的帶領，帶領臺商回臺投資，進而帶動本土產業的蓬勃發展
thanks to taiwan😊 over 10miliion indonesian can buy foods, buy a house, and buy car . thanks taiwan
I will still point out that Taiwan has a low-risk mentality. It prefers to prevent rather than risk encountering problems. That's also why there are many more restrictions in everyday life in Taiwan.
1:20 Ministry of Finance Republic of China 🇹🇼：We control the exchange rate well ～
Me also from Taiwan
we have our good , also bad . there is no perfect place
only one thing i know , we are friendly and wish no more war in the world .
Any storm besides Chinese missiles.
Taiwan may have low national debt, but Taiwanese people carry heavy mortgage burdens. Taiwan still has various problems that need to be solved.
Working on it.
安聯全球財富報告，台灣人均金融淨財富144000歐元，排名全球第5名。😊
@ 歡迎搶劫？
Taiwan is a much better version of what China could become.
Taiwan #1
the ethinical chinese without communism, at its best
Taiwanese ≠ Chinese. Thanks
We aren't Chinese, thanks
Quit insulting the people of Taiwan as ethnical Chinese, please. There is such a population within Taiwan but as a minority. Not everyone belongs to that demographic.
@@Teriyakichickagree
Keep in mind that Taiwan is not recognized as a country, and when the nation is at stake, it would be difficult for Taiwan to raise money from international organizations.
The secret is that Taiwan is the second most densely populated country in the world with a population of over 10 million .
Reduce transportation costs and infrastructure costs.
Holland also has a high population density。
---------
The population density in Taiwan is 640/km2 .
However, the real population only lives on 25% of the land, and the real population density is 2000 /km2
Taiwan has 23 million people, and 2/3 of Taiwan’s land is covered with high mountains (285 of them are over 3,000 meters tall).
確實，這樣交通和電信等公共建設的成本很低。
thanks to taiwan😊 over 10miliion indonesian can buy foods, buy a house, and buy car . thanks taiwan
A drawback of Taiwan's conservative budget control is every public project takes forever to finish.
But faster than EU, US
@ Not by much.
What is the quality of life in taiwan ?
很好，大於很多國家，民生好
As an indigenous person who has not traveled abroad, according to RUclips video and audio data, personal assessment is the world's top 20 friendly quality of life. Unemployment is under control, industrial development is once again in development, healthcare is in the top 10 globally without problems, the technology industry is developing normally, one of the safest countries in the world, disaster recovery capability can be in the top 10 in the world; mountains are in the middle of the island, the North-South 3-hour high-speed rail, the biggest problem is the lack of enough money and time to play. (Translated by DeepL)
做為沒出國的土著，依據 RUclips 影音資料，個人評估是世界前20的友善生活品質。失業率控制中，產業發展又再一次處於發展中，醫療全球前10沒有問題，科技業製造業正常發展，世界最安全國家之一，災害復原能力可以是世界前十；山在島的中間，南北3個小時高速鐵路，最大的問題在於缺乏足夠的金錢、時間玩。(DeepL翻譯)
為什麼有些沒有中文字幕？
Thank you for this report and analysis. The general public can see how the world cuts in, and the objective situation of a country. It's a pity that there are no subtitles, so I can only guess some information, thanks for your hard work! (Translated by DeepL)
謝謝這個報導、分析。一般人可以看到，世界是如何切入，一個國家的客觀狀況。可惜沒有字幕，只能猜測一些資訊，辛苦了，感恩！(DeepL翻譯)
Taiwan, officially the Republic of China (ROC)
Low debt, high growth, FEW KIDS.🙄
When you cannot borrow money, the debt would be low.
Taiwan is a great economy. Unfortunately, the workers are NOT benefiting from the fortune with average wages of less than NTD40,000 (USD1,350) That is very, very low for a per capita income of over USD 33,000.
Yes. That’s true but you forgot to mention the cost of living is very very low comparing to advanced economies. Hence the purchasing power is much higher than most advanced economies. According to IMF, PPP per capita is around 79k, ranked at 12. Taiwan is far from perfect. There is housing price crisis going on for quite a while, resulted mostly from low interest rate policy. If you don’t buy any house, you can live quite comfortably in Taiwan actually.
Low salary here.
.
Xi and his people doesn't like this episode.
誰買的廣告??😁😁
Sadly, Taiwan has an opposition party KMT holding up its progress, otherwise Taiwan could be much better than Japan or Korea or Singapore!
After all, Taiwan is an island ruled by a foreign regime.
Although the DPP originated from Taiwan, there is still a major party representing the old China.
And most people can't even tell the difference between ROC and Taiwan.
👏👏👏👍
Taiwan is one of the few countries in the world with the lowest salaries, the highest housing prices and the highest number of hours worked. I'm in hell.
Taiwan might not be perfect, but it’s definitely far from hell. Taiwan's income may not be as high as in some countries, but compared to neighboring countries like Japan and South Korea, and other developed nations, the cost of living is more affordable. Taiwan also offers an excellent healthcare system, safety, and a friendly community that can make a big difference. 🙂
台灣不是天堂，也非人人有錢，只要努力工作，過上穩定生活是最基本的。說台灣是地獄是太誇張了，是有多麼六親不和、朋友出賣、失業、吃不起飯、受盡欺凌，才稱為地獄
Taiwanese work hard and efficiently, they are responsible for their finance and the government is on top of the countrys budget and export oriented economy
thanks to taiwan😊 over 10miliion indonesian can buy foods, buy a house, and buy car . thanks taiwan
low salary HIGHHHHH house price and work time
You are talking about China
All you need is to appreciate KMT's effort, too bad under DPP's governance, ROC is going down fast like a sunken rock...
KMT's sells the country's efforts, our country Shen to be in competition for the richest in East Asia, the first freedom in Asia .... (Translated by DeepL)
國民黨賣國的努力，我國沈到在競爭東亞首富，亞洲自由度第一…。(DeepL翻譯)
Uncle Sam: You be my dog, I give you bones
We have taiwan strait to thank. Without it, we will have even higher military soending.
Taiwan's GDP per capita is higher than that of Korea and Japan....but Taiwanese salary is only half of that of Korea and Japan.....This is the region with the most serious economic fraud in the world
Korea’s GDP surpasses Taiwan in 2024
Taiwan’s total wealth per capita far exceeds that of South Korea
I have only heard of Taiwanese people going to Korea to work... never the other way around... Taiwan's low wages are well known throughout East Asia... Taiwan is actually an economy with a GDP per capita of around $22,000... anyone who has been to Taiwan would never think that Taiwan is a developed economy
The GDP of Korea and Taiwan is $3,600 and $3,300, respectively, so Korea is higher, but looking at Korea's future, it seems possible that Taiwan will overtake Korea.
@@jkc3738 South Korean salaries are not attractive to Taiwanese, who would rather go to the United States and Australia, and go to South Korea to work just to chase their favorite KPOP stars
There is no such country called Taiwan. It’s the Republic of China, ROC, that you are talking about.
台湾独裁时期，確实低薪经过这10余年，已和日韩相同，可予见很快超越！
😂😂
thanks to taiwan😊 over 10miliion indonesian can buy foods, buy a house, and buy car . thanks taiwan
Taiwan has two good teachers: the United States and Japan.
Low Debt does not equate to good management
Sure chubby, like normal BMI does not equate good health, right . 😉
I see u r jealous 😂😂😂
Taiwan has both low debt and good management.
Low debt? Nah man it's bad. Not American bad but still bad
Why taiwan is prosperous?
Because of the taiwan strait which is very important of trade. Singapore too, all trade pass through singapore
低薪高房價 台灣的濁水溪奇蹟
Hey, I thought "little grass" could barely read English.
台灣外債非常低，這是事實
The amazing thing about Taiwan is that the government's governance efficiency is extremely poor, but its businesses and people are able to create high value.
There is an big issue I’d like to point out that Taiwan government yet prepared enough pension reserves for labors retired in the past 20-30 years, that means trillions of dollars for next 2 decades to pay!
We live in Taiwan, we believe the statistics you present, but the economic miracle you believe is false. Taiwan has the lowest birth rate in the world. Average people have to work 15 years "without eating and drinking " to be able to buy an affordable apartment to live.
Not a few young people with their salary can't survive without getting support from their parents.
It's common for ppl in a lot of developed countries to work 20+ yrs without any expenditure to afford a house. Simply skill issues.
@@jordanzo7465We have 40 years mortgage few years ago. And most of the family barely fit the 30% rule.
Actually South Korea is the lowest now but we are also very low. Yes, the house price is one of our big problems. Much like Hong Kong, Sydney, Vancouver etc. Crazy high.
yes, there's no miracle, just hard working and use brain normally.
Not exactly.
In average, it merely takes less than 8 years to buy a house in Taoyuan city. What you mention are the residents of Taipei city. You don't have to dwell in San Francisco or New York to earn a living anyhow. Welcome to Taoyuan!
Because the salaray in Taiwan is so low almost same as South East Asia level
Are you sure???
@@LongLIN-ol6es maybe if he means Singapore..... certainly not like the Philippines, Indonesia, Vietnam, Thailand etc whose workers often come to Taiwan to make more.
台灣每1小時最低時薪190元台幣，和日本最低時薪200台幣，相差不多。
Salary is nothing to do with government debt.
You should at least receive some education and use your brain.
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.