2014 Fiscal Year Final Research Report
U.S. aid and Taiwanese heavy chemical industry ; Privatization, Liberalization, Capital market
| Project/Area Number |
24730299
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| Research Category |
Grant-in-Aid for Young Scientists (B)
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| Allocation Type | Multi-year Fund |
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| Research Field |
Economic history
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| Research Institution | Osaka Sangyo University |
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Principal Investigator |
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| Project Period (FY) |
2012-04-01 – 2015-03-31
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| Keywords | 台湾経済 / 米国援助 / 民営化 / 資本市場 |
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| Outline of Final Research Achievements |
The government of Taiwan from 1950 to 1965 intensively invested the U.S. aid funds into the electric power industry, the chemical fertilizer industry, and the cement industry.The introduction of the U.S. aid funds did not merely resulted in expansion of the production capacity. For example, the cement industry rapidly expanded production capacity using the U.S. aid funds, and this process got into step with privatization of the public enterprise and new entry of the private companies. The privatization of the public enterprises then contributed to the establishment of Taiwanese capital market, and the newly entered private companies became the main brands soon after the establishment of the Taiwanese Stock market. Economy of Taiwan was able to develop continuously after termination of the U.S. aid, by the market factors which was introducted before termination of the U.S. aid.
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| Free Research Field |
経済史
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