Taiwan is one of the four East Asian "tigers," or "mini-dragons," whose dramatic economic successes of recent decades, along with South Korea, Singapore, and Hong Kong, have influenced the way economists think about development.

1.1 In the context of the above extract discuss the key economic indicators used to measure the success of the Taiwan economy. (15 marks)

1.2 Critically evaluate the role of state and market in the successful development of Taiwan and highlight which of these roles do you think can have an impact to a development country in Africa. (10 marks)