TAIWAN: Chiang's Surprising Success

Only 2½ years ago, the future of Taiwan, last bastion of Chiang Kai-shek's Republic of China, seemed gloomy indeed. Within a few months of the mainland's opening outward with Ping Pong diplomacy, tiny Taiwan found itself practically isolated. It was expelled from the U.N. and lost the recognition of 33 of 68 countries, including such important allies as Japan and Australia. But since those dark days, the island of 16 million has not only survived, it has prospered.

Much of the credit for Taiwan's remarkable buoyancy belongs to Generalissimo Chiang's tough and respected son, Chiang Ching-kuo, 63, who...

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