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Jiang introduced modernizing economic, social, and political reforms and during his tenure the country enjoyed rapid economic development as an export-oriented Tiger economy. Gradual democratization was permitted, along with Taiwanization of the Kuomintang, which had hitherto been dominated by Chinese mainlanders who had accompanied Jiang Ji Shi to Taiwan in 1949. An opposition political party, the Democratic Progressive Party (DPP), was permitted, for the first time, to participate in parliamentary elections in 1986; martial law, which had been in force since 1949, was lifted in 1987; and he allowed travel to the communist-controlled mainland for family reunions. The pace of political liberalization accelerated under Jian's successor, the Taiwan-born Lee Teng-hui.
Yellow symbolizes the golden land of South America. Red stands for courage and the blood of the freedom fighters. Blue represents the ocean separating South America from Spain. Effective date: 17 February 1954.
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