Of all the countries in the world, which has MBA programs that give out the most scholarship money (relative to cost of tuition)?

Taiwan.

Maybe the better way to look at it is, beyond the scholarships, is an education in a place like Taiwan really going to further my goals? For many, maybe an MBA in Taiwan makes sense, if you want to work there after graduation or are already in the region.

But I'm guessing that for many others, maybe an online MBA would be a more affordable option, even adjusting for scholarships. I mean, relocating, getting a flat, taking time off of work, etc. all adds up.

Yes I completely agree. I have just been doing research on where MBA scholarships can be found and I find it interesting to see where around the world people are finding their funding and scholarships. Taiwan has some interesting MBA programs but it's not really for me!!

in the U.S. ASU Carey and Florida warrington give 100% full scholarship to everyone that gets accepted to full time MBA
also if you are european most of the scandinavian universities are free. I think Finland has a few UAS that offer MBA for free

This is also worth reading: The sad facts about scholarships http://www.find-mba.com/board/37055

That link is very good read and lifetime lesson.

It is true even for good, ranked schools like Carey and Warrington I mentioned above.
They give the scholarships to attract even better candidates that would otherwise choose an even better school

They are business after all, and they (usually) do things for their own benefit first and foremost!
The fact that students benefit as well, is extra bonus

But they don't benefit. They reduce their lifetime earnings by choosing to not invest in themselves.

But they don't benefit. They reduce their lifetime earnings by choosing to not invest in themselves.

It's not a false arguement. If you do an MBA you will almost certainly earn more, but some might earn less. That doesn't make it false that you will almost certainly earn more. The idea that a candidate will get similar outcomes from a great school, with a high quality cohort, and an good school where they are an outstanding candidate, seems unlikely. The school amplifies what they have.

Taiwan.