Taiwan has a dynamic capitalist economy with gradually decreasing guidance of investment and foreign trade by the Republic of China (ROC) government which governs Taiwan. In keeping with this trend, most large government-owned banks and industrial firms have been privatized. Real growth in GDP has averaged about 8 during the past three decades. Exports have grown even faster since World War II and provided the primary impetus for industrialization. Inflation and unemployment are low, the trade surplus is substantial and foreign reserves are the world's fourth largest. Traditional labor-intensive industries are steadily being moved off-shore and replaced with more capital-and technology-intensive industries, as well as creative industries. A large number of Taiwan tenders are invited from Consultancy Services in Architectural, Construction, Legal, Accounting and Business.