This document provides an outline and overview of Taiwan's economic development and policy measures from the 1950s to present. It discusses Taiwan's basic economic facts and trade, key factors influencing development, and two main development strategies of import substitution and export orientation. It also examines the different policy measures Taiwan implemented at various stages of development, focusing on industrial, science and technology, financial, and exchange rate policies. Innovation policy measures and responsible government agencies are outlined. The establishment of Taiwan's Hsinchu Science Park in 1980 is introduced as a major initiative to encourage industries, infrastructure, tax incentives, and industrial clustering to support economic growth.