Wages adjusted for inflation, or wages in relation to the amount of goods and services that can be purchased.

The phenomenon characteristic of a growth rate of actual wages that is low or almost zero.

The land survey conducted by the Office of Taiwan’s Governor-General between 1898 and 1905. It includes attestation of land ownership, survey of production, adjustment of land taxes, etc.

Taiwan, South Korea, Hong Kong, and Singapore are known as “the Four Dragons of Asia” because of their high economic growth in the post-World-War-II era.

The major American institute in Taiwan in charge of affairs related to US aid to Taiwan.

It occurs when a nation’s imports exceed its exports.

Yan Jia-gan: a major official in the fields of finance and economics who influenced Taiwan’s economic growth in the years after World War II. He serves as minister of finance between 1958 and 1963, and vice president from 1966 to 1978.

Yin Zhong-rong (1903-1963): A major official in the fields of finance and economics who influenced Taiwan’s economic growth in the years after World War II. He served as chair of the Foreign Exchange and Trade Review Commission of the Executive Yuan between 1958 and 1963, and as the chair of the Bank of Taiwan from 1960 to 1963.