Recent Developments on Taiwan.
Political, economic, social, and international developments in Nationalist China during 1965 and 1966. Preoccupation with return to the Mainland continues, accompanied by frustration with the U.S. attitude toward Nationalist Chinese plans. Seeking support of its foreign policy goals, Nationalist China has become a member of the Asia and Pacific Council (ASPAC), a Pan-Asian grouping for economic and political cooperation. Economically, Nationalist China's growth rate is the second highest in Asia, an achievement that would not have been possible without the financial assistance provided since 1950 by the United States. Nationalist China's continued economic progress will depend to a great extent on capital formation through foreign investment; industrial goals may not be achieved unless the government can improve the circumstances under which foreign investors operate. A new agricultural policy which will focus on planting the most economically profitable crops is needed. Pressing social problems, such as a steadily increasing population, demand attention. 94 pp.