Allow me to share my thoughts on Taiwan...
Yes, it is a modern and advanced society today but to me it really has under achieved in many aspects. Lest we forget, Taiwan benefitted immersely from the influx of substantial talent from the mainland at the end of the Chinese civil war. In 1949, 2 million followers joined Chiang and the KMT army to Taiwan and among them are China's best and brightest - scholars, scientists, industrialists, bankers, writers, poets, artists, composers, film makers ...etc. In one of Lee Ao's programmes on Phoenix TV, he mentioned that many staff members from Peking University actually fled to Taiwan during that period.
So one would expect Taiwan to excel in many areas, right? Taipei is not a financial centre like S'pore and HK. Only their music industry is a force to be reckon with. The only other thing that Taiwan now can rival China are the artefacts lying at the Palace Museum and that is another legacy of Chiang Kai Shek....