What Does Taiwan’s Presidential Election Outcome Tell Us About Its Economic Prospects?

Written by Min-Hua Chiang. William Lai (Lai Ching-te) of the Democratic Progressive Party (DPP) secured his election as Taiwan’s 16th president on January 13, 2024. As the DPP extends its rule for another four years, the administration is likely to maintain President Tsai Ing-wen’s economic policies, notably diversifying the economy away from China. Navigating Taiwan’s export-oriented economy through the evolving US-China relationship will pose the most significant challenge for the new administration. 

Remembering Shih Ming-teh 

Written by Thomas J. Shattuck. On January 15, 2024, only a few days after the election, longtime democracy and human rights advocate, Nobel Peace Prize nominee, and politician Shih Ming-teh passed away. Given his place in Taiwan’s history and democratic development, it is important to remember him and his legacy. Shih is a widely known figure in Taiwan for his legacy in Taiwan’s democratisation and his role in the Kaohsiung Incident and Tangwai movement. He’s also famous for his role in the anti-corruption protests against then-President Chen Shui-bian in the early 2000s. Shih consistently called for Chen’s resignation and led the “Million Voices Against Corruption-Chen Must Go” campaign. For decades, he held politicians to high standards, and understandably so.  

Taiwan’s New President: Continuity, Priorities, Vision

Written by Chieh-Ting Yeh. As recent developments transition into a period of stability, the focus shifts towards what lies ahead. The incoming government faces pivotal questions: How will President Lai’s four-year term compare to President Tsai’s preceding eight years? What key challenges await immediate attention from President Lai? Additionally, it’s crucial to consider the direction in which Taiwan is heading to carve its unique identity in the global landscape.

Taiwan People’s Party as the Kingmaker: What future holds for the party?

Written by Brian Hioe. The TPP has proven that it is a force with staying power in Taiwanese politics, then–for at least the next four years. Questions about the long-term viability of the party still remain. This is particularly regarding the party’s relationship with its chair, Taipei mayor Ko Wen-je, and how the TPP will relate to the KMT as the larger party in the pan-Blue camp.

Election win for the DPP, but a split legislature 

Written by Gerrit van der Wees. After a hard-fought campaign, the DPP candidate “William” Lai Ching-te and his running mate Hsiao Bikhim emerged victorious in Taiwan’s presidential election race with 40.1 % of the vote. They were elected Taiwan’s President and Vice-President respectively. The total turnout was 71.8% of the eligible voters, a bit lower than the 74.9% in the 2020 elections. The main opposition candidate in the three-way race, Messrs. Hou Yu-ih of the Chinese Nationalist Kuomintang Party, and his running mate, pro-China media personality Jaw Shaw-kang, received 33.5% of the vote, while Mr Ko Wen-je of the Taiwan People’s Party (TPP) and his running mate Cynthia Wang, came in a respectable third with 26.5% of the vote.

Neither Green nor Just: The DPP’s Reckoning with Environmental Justice 

Written by Dominika Remžová. The Russian weaponisation of gas supplies has sparked a renewed interest in Taiwan’s energy security, placing the DPP’s anti-nuclear policies at the centre of attention. On the one hand, both energy and national security experts have criticised the DPP’s continuing nuclear phase-out for pushing Taiwan, which in 2022 imported more than 97% of its energy, into an increasingly precarious position. The opposition, on the other hand, has criticised the party’s 2025 energy mix formula (i.e., 20% renewable energy, 30% coal, and 50% LNG) for its inconsistency with international trends, namely the increasing role of nuclear energy in global decarbonisation efforts, which the DPP countered by referring to industry-wide trends, such as the renewable energy focus of the RE100 initiative, instead.  

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