Despite its size, Taiwan has an economy that is exceedingly competitive. With significant growth year after year, the Taiwan economy continues to outperform its neighbouring countries. Please continue reading for further information on the promising prospects of the Taiwan economy.
Taiwan is the 14th most competitive economy in the world, according to the 2016 "World Competitiveness Yearbook" recently released by the Swiss-based Institute for Management Development.
The same report ranked Taiwan to be the 23rd most competitive economy in the world in 2009. This means that Taiwan has jumped forward by 9 spots in the course of a year, a greater improvement than many of the other economies surveyed.