Sentence:  At a third stage in the modernization process are such countries as India , Brazil , the Philippines , and <WSD>Taiwan</WSD> , which are ready and committed to move into the stage of self-sustaining growth . 
Meaning of the word marked with <WSD> tags:  a government on the island of Taiwan established in 1949 by Chiang Kai-shek after the conquest of mainland China by the Communists led by Mao Zedong