While each of the 'little dragons' are highly interesting in their own rights, this paper will look at the economic position of Taiwan. With its high degree of economic independence and close political links to China, many question whether or not if Taiwan is a province of China or a nation of its own. It is a good, difficult, and controversial question. Through an economic analysis of Taiwan as a nation, this paper will endeavor to provide some insight. 10.5 pgs. 14 f/c. 6b.