The Executive Yuan proposed this financial and economic reform project in January 1960. It stimulated high economic growth in Taiwan in the post-World-War-II era.

The United States offered military and economic aid to Taiwan after the outbreak of the Korean War in 1950. American foreign aid ended in 1965.

It refers to the condition of continuous high economic growth of a country.

Industries that require large investments of money for machinery and infrastructure to make a profit (in contrast to labor input).

An economy’s ability to produce goods and services at a lower cost than trade partners

During the period when Taiwan received American aid, the fund was formed through the sale of US aid materials. It was mainly used for economic development projects.

It occurs when the government’s expenses exceed revenue.

The increase in the gross national income or the continual increase of GDP.

The price of a nation’s currency in terms of another currency.

Promoting economic growth through expanding exports.

The exchange rate controlled by the government.

Foreign currencies and monetary assets.

Abbreviation of Gross Domestic Product.

Calculated by dividing GDP by the total population.

The purchasing power parity (PPP) value of all financial goods and services produced within a country in a given year, divided by the average population for the same year.