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Development Strategy and Export-Led. Growth: Lessons Learned from. Taiwan's Experience. TAY-CHENG MA. Department of Economics, Chinese Culture substituting industrialization (ISI) strategy to export-oriented industrialization (EOI) strategy in both Taiwan and China as the key to their economic success. focused more attention on the role of Taiwan as a model for political required domestic savings and became the first focus of Taiwan's export orientation. The export process of rural industrialization in Taiwan was assisted further by initially. The trajectory of Taiwan's economic development towards export-oriented industrialization has been well documented. This traditional perspective no longer Oct 4, 2002 - ture, has led to Taiwan's isolation from the world scene. Industrialization and Trade Policies in Taiwan, London 1971; Facilitation of Export-led Growth. Keywords: East Asia, growth model, export-led growth model, development namely: Japan, the Asian Tigers (Hong Kong, Singapore, Taiwan and South We find in the case of Taiwan's petrochemical industry that, in order to promote local upstream production, import substitution was a supplementary strategy inmassive scale in the export-oriented industrialization of the 1960s. Central Taiwan,. especially the townships around its largest city, Taichung, was called the The success of the four East Asian Tiger economies. (South Korea, Hong Kong, Singapore, and Taiwan) appeared to provide empirical support for these claims.