Taiwan is home to more than twenty-three million people. It is one of “The Four Little Dragons” having risen drastically to become a technological hub. Taiwan is an island that is located off the southern coast of China, and it has been independently governed since the year 1949. However, its neighbor’s, and especially the mainland China view the island as a province despite Taiwan being a territory that has its government that has been elected democratically (Kastner, 2009). There are several leading political voices in the country that have differing views on the status of the island and its relationship with the mainland China. Some of the Taiwanese leaders observe the principle which advocated for only “one China” that comprises of the mainland China and the island. Other leaders advocate and push for a de jure autonomous Taiwan. This research will look to explore the political and economic relationships between Taiwan and its neighbors and especially China.