Using Taiwan as a case study, this book explores questions facing the developing nations: How does a small nation short on natural resources manage to develop at a rapid rate conomically? How does such a nation continue its high rate of economic development when its labor force is, in general, no longer inexpensive? What are the relevant issues, obstacles and advantages to be dealt with in newly industrialized economies? How do the nation’s public and private sector leaders see the increase in economic development for themselves?