Taiwan's paradigm of integrated industrialization with optimum macroeconomic parameters

The world happily welcomed the US-China Shanghai Communique of 1972, which was anchored to One China Policy. Taiwan's status as a sovereign nation state became a sub-optimal issue. However, USA offered Taiwan a special diplomatic status under its Defense Umbrella and offered an open economic engagement, albeit an official Free Trade Area (FTA) continued to remain not on the road map. The People's Republic of China, considered Taiwan a province of China, albeit renegade, but offered robust economic engagement, welcoming massive inflow of investment from Taiwan. Indeed, PRC did not treat Taiwan's investments in the mainland as foreign investment. Taiwan used its economic participations in China and in the USA and successfully maximized its economic gains. In the process, the peoples of China, USA and the rest of the world optimized their economic prosperity. Taiwan has become a mature industrialized economy.