ABSTRACT
Policy performance is more than just a matter of how far one has come relative to one's own recent past. It also involves evaluations of how well one has done with the national assets and liabilities dealt by nature and history, and of how fast others are running. Accordingly, if Taiwan's development record (which seems so glowing based on the national statistics described in Chapter 3) is really to be considered a success, the country should have shown more rapid progress than most others and, in particular, done better than nations facing similar conditions.
