US investment in Taiwan

“It is important to understand the history of economic and industrial development in Taiwan and the role that the petrochemical industry has played in this history. According to Mingyi Wu, American investment as well as public and private capital in Taiwan gave birth to two giant monsters, Taiwan CPC and Formosa Plastics, which subsequently devoured the island’s future (“Preface” 3).” (Chang, 2023, p. 168)

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