elite-led revolution leading to social transformation. The stability

of hard authoritarianism of the Taiwanese government laid the

groundwork for Taiwanese development. The KMT's cohesiveness and

political domination plus the economic development aid supplied by the

United States also helped to provide good conditions for Taiwanese

growth in the beginning. Once the KMT gained control of Taiwan they

redistributed the land and launched a program of rehabilitation and

industrialization. This period was responsible for the nationalization

of many businesses formerly owned by the Japanese and the start of

industrial production in Taiwan marked by a shift away from

agriculture to industry. During the early period of industrialization

Taiwan tried to create domestic markets for its goods. During

the period from 1960 to 1973 Taiwan pursued export expansion in the

area of industrial goods. During this perio

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