^ It's not, but I too fell prey to the assumption that Taiwan was a very low middle-income country (like a Portugal) that was behind Japan and South Korea in development. Visually, it certainly looks that way in Taipei due to the absence of glassy skyscrapers to offset the slum-like tenement housing. Taipei-Taoyuan's airport is also down-right dowdy for a major East Asian city.
Yet, Taiwan in its current form is in many ways already a better country. Countries by freedom indices:
https://en.wikipedia.org/wiki/List_o...e-RWBPFIndex-3
Taiwan is #4 for economic freedom, ahead of Spain and even the U.S. in freedom of the press, and #10 for democracy (behind Netherlands/Australia, ahead of Switzerland). Taiwanese culture is also less sexist toward women, and it's the only Asian country in which same-sex marriage if legal.
Taiwan is the world's best-kept secret. It is truly Formosa.