Early and Thorough Land Reform Not burdened by close political ties to landlords, the Taiwanese
government implemented a thoroughgoing landto- the-tiller reform program in the 1950s. Landowners
received stock in state-owned enterprises in return for transferring land to peasants. This was a
major factor in the extremely rapid growth of agricultural productivity in this period—a crucial foundation for later industrialization. Other countries with similar land reform efforts, such as South
Korea and Japan, have seen impressive results. The United States had similarly benefited from nineteenth- century programs such as the Homestead Act. In contrast, development in Latin America, as well as in some Asian countries such as the Philippines, has been severely hampered by the lack of land reform.
Early and Thorough Land Reform Not burdened by close political ties to landlords, the Taiwanese
government implemented a thoroughgoing landto- the-tiller reform program in the 1950s. Landowners
received stock in state-owned enterprises in return for transferring land to peasants. This was a
major factor in the extremely rapid growth of agricultural productivity in this period—a crucial foundation for later industrialization. Other countries with similar land reform efforts, such as South
Korea and Japan, have seen impressive results. The United States had similarly benefited from nineteenth- century programs such as the Homestead Act. In contrast, development in Latin America, as well as in some Asian countries such as the Philippines, has been severely hampered by the lack of land reform.
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