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How Taiwanese economy and culture develop after 1949 (Civil war) comparing to the Mainland China and what makes the difference between these two areas?

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How Taiwanese economy and culture develop after 1949 (Civil war) comparing to Mainland China and what makes the difference between these two areas? Does democracy play a critical role in Taiwanese people’s satisfaction of their lives? Is a democratic regime better than an authoritarian regime? what is the potential of Taiwanese and Chinese development in terms of economy and culture? 

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