The Forum of Free Enterprise is a non-political organization founded in 1956 by A. D. Shroff and has been established to educate public opinion in India on free enterprise and a democratic way of life. The Forum publishes booklets to further its objects. The following booklet titled “Taiwan: A Case In Rapid Economic Growth” was published on July 14, 1990, and was authored by K.T. Li. The author traces the economic journey of Taiwan from a state-controlled closed economy to the one experiencing rapid economic growth. Li analyzes the factors responsible for this economic boom. According to him, maintaining social and political stability, adopting an outward-looking economic development policy, succeeding in education, and encouraging investment are some of the most crucial factors contributing to Taiwan’s growing economy. The author concludes by pondering over some drawbacks induced by economic achievements like the environmental cost of rapid industrial growth, accumulated huge foreign exchange reserves and a high gross savings ratio and a huge trade surplus with the United States has led to trade disputes between the two countries.