By EconMatters
In the 60 years since Chinese Nationalists retreated to Taiwan, the tiny island country has transformed itself quite differently from the mainland China. Thanks to a series of financial and economic reform by the Nationalist Party (KMT), Taiwan got a head start on economic and democratic development, while Mao's Cultural Revolution had left the Mainland in an over-a-decade-long developmental vacuum.
Never declared independence from China, Taiwan had enjoyed rapid
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