Economics Page 41

The movement of millions of passengers over distances thought impossible decades ago is symbolic of the modern air transportation era that is characterized by speed, comfort and personal convenience. The commerce of aviation, both the operation of commercial aircraft for profit and the development of aeronautical systems, is also an important symbol of national prestige…

.. example, tariffs on semiconductors are now at less than one percent and scheduled to fall to zero.27 Tariffs on semiconductor manufacturing equipment are now just under six percent and scheduled to be cut by more than 50 percent.28 Tariffs on a number of consumer electronic products, such as cassette players, are sizeablemany in the…

Taiwan, an island, is separated from the mainland of South China by the 100-mile-wide Taiwan Strait in the Pacific Ocean and is the seat of the Republic of China government (ROC). The capital of Taiwan is Taipei and other major cities include Kaohsiung, Tainan, Taichong, and Chilung. The languages spoken are the Mandarin, Fujianese (Amoy),…