Taiwan officially known as ROC (Republic of China) was formerly known as Formosa (the beautiful island) named by the Portuguese in the 16th century. In the 17th century, it was renamed Tayowon by the Dutch. On the western edge of the Pacific Ocean between Japan and the Philippines, it is a geographically unique island of about 14,400 square miles with two-thirds of the area covered by forested mountains. It also has a rich marine ecology with magnificent coral reefs and azure seas.
The population of Taiwan is densely populated with approximately 23.2 million people. The capital is Taipei. The economy is dependent on exports, especially electronics, machinery and refined petroleum and the semiconductor industry is unmatched in the world. In simple terms, Taiwan is a semi presidential republic. The system is democratic with five governmental branches.