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This article presents an examination of how markets in Taiwan present new opportunities for American businesses. The author discusses the efforts made by the U.S. to increase their number of trading partners in Europe and the Far East. The author examines the investment climate of Taiwan, discussing the advantages and disadvantages that the country presents when compared to other underdeveloped countries. He examines the country's economic growth, industrial development and overall political climate. He discusses Taiwan's government policy for foreign investment and various import and export restrictions.

The article refers to United States government agencies which take a scientific approach to resource management and reports on a study which evaluated the effectiveness of American foreign aid to Taiwan. The evaluation model contains a target variable representing Taiwan's development, an instrumental variable for the amount of investment, and the over-all measure of development based on the gross national product. Seven criteria for evaluating the economic assistance program and the problem of determining multiplier effects of aid on total investment are mentioned, as well as 4-sector and 2-sector economic models for evaluating inter- and intrasectorial allocations. Five steps in the scientific approach to resource management include fixing goals and selecting the optimal program.

The article reports that the legitimate government of China, the Nationalist Government which has its seat on the island of Formosa (Taiwan), has now completed its land reform, one which is in striking contrast to the bloody and ineffective one put into effect on the mainland by the Soviet Communist regime. The first phase of the program was introduced in 1949 when the Legislative Yuan of the Chinese Government decreed the reduction of land rent to a maximum of 37.5 per cent of the annual main crop. This measure enabled tenant farmers to increase their incomes by 3 0 per cent. The second phase, which began in 1951, was the sale of public land to tenant farmers. The third phase was begun by the law enacted on Jan. 20, 1913, which provides for the purchase of excess land holdings from owners and for its resale to bona fide tillers. The government is selling the lands acquired to tenant farmers, who will pay, altogether, the equivalent of two and one-half times the annual principal crop yield in ten yearly installments.