History of the Development of the Economy of Taiwan

History of the Development of the Economy of Taiwan in the recent 70 years and relative police

375 Rent Reduction

The first land policy was "375 Rent Reduction" When Taiwan was under Japanese rule, due to the overpopulation, landlords with large amounts of land could decide who could rent the land (demand was high, but the land belonged to a small group of people). Tenants had to hand over all crops to the tenants, except for the seed portion. When a natural disaster or crop failure occurred, they still needed to pay all rent to the landlord. In the past, rent was called "iron rent", which meant that their rights were not protected, and even if they did not have enough rights, they still needed to give up everything.

The first land policy is to change this situation. The government of the Republic of China used to implement a 50% rent policy in China, which means that the rent cannot be higher than 50% of the crops. In April 1949, Chen Cheng, the president of Taiwan Province, announced a new land policy "Law to Reduce the Rent of Cultivated Land by 37.5%". It reduced the rent of 50% by 25%, resulting in the following formula:

50% x (1-0.25) = 37.5%

  1. Owners are not allowed to advance land rent. If the crops fail, then the rent should be lower.
  2. The rental contract should be for no less than six years.
  3. When the contract expires, if the landlord does not intend to take it back for self-cultivation, he should rent it to the tenant.
  4. If the landlord plans to sell the land, the tenant has first priority to purchase it.
  5. Every town needs to have a rent association to deal with land disputes or disputes.


Public Land Release

The following policy is "selling public land". According to the Taiwan National Development Council, public land in Taiwan is land owned by the Japanese government, private companies and individuals. The land area is about 1,760 square kilometers. From 1951 to 1976, the government of the Republic of China conducted 9 sales of public land transactions. The price of the land was 2.5 times the annual rice production of the land. People had to pay the price through crops or cash for ten years. The purpose of this policy is to make people self-sufficient. This policy benefited 288,627 households, and the land sold was 1,397,570,000 square meters.



Land cultivation plan

In 1953, two years after the "sale of public land", the Republic of China government announced a new land policy, the "land cultivation procedure". This policy allowed landlords to keep only a portion of their land, which the government then took away and distributed to people. Landlords received some compensation from the government, including stocks in companies owned by the government.