Why is Taiwan so exposed to earthquakes and so well prepared to withstand them?

Taiwan was struck Wednesday by its most powerful earthquake in a quarter of a century. At least nine people were killed and hundreds injured, buildings and highways damaged and train service interrupted. Taiwan is no stranger to powerful earthquakes yet their toll on the high-tech island’s 23 million residents has been relatively contained thanks to its excellent earthquake preparedness. Taiwan lies along the Pacific “Ring of Fire,” the line of seismic faults encircling the Pacific Ocean where most of the world’s earthquakes occur.