Economy – Taiwan Insight

Taiwan Policy under Biden: The First Six Months, The First Year, and Beyond

2 December 2020 Editor

Written by Michael Mazza. The new Biden administration will have its hands full from day one. Even as it focuses its energy on finally getting a handle on the COVID-19 pandemic, the administration will have to recalibrate its China policy, making numerous decisions about which aspects of the Trump administration’s approach to keep and which to jettison. Beyond China, it will have to meaningfully strengthen alliances and security partnerships worldwide, make a decision about how best to rein in Iran’s nuclear program going forward, and work quickly to preserve (or not) the New START arms control agreement with Russia. Taiwan policy, on the other hand, should not require significant deliberation in the early going.

COVID 19 Recovery: Notes on Taiwan and the New World Trading Order

1 December 2020 Editor

Written by Ian Inkster. The world is nowhere near getting over the COVID pandemic. Whether referring to the possibilities of mutations of the virus itself or to the transformations, reactions and perhaps resistances of the national populations who are being continuously coerced or persuaded into adherence to often dubious and motley official regulations, most commentators and analysts think we are either within or entering a strong second cycle of contagion and mortality.

Is it Time for Taiwan to Modernise its Commercial Maritime Laws?

26 November 2020 Editor

Written by Jason Chuah. Taiwan, with her economic strength in shipping, could perhaps be likened to a first-class marathon athlete running in the Olympics with flipflops unless it modernises its commercial maritime law. UNCTAD reports in its 2019 Shipping Outlook Report that Taiwan ranks 11 in terms of “ownership of world fleet ranked by dead-weight tonnage.” This is one place above the UK and only two places below the US. In terms of monetary value, it is ranked number seven in the world for ownership of bulk carriers (excluding oil tankers) and in the top 20 ship owning countries by value. Yang Ming and Evergreen are in the top 20 of terminal operators in the global league table.

Taiwan Must Work with Indonesia to Combat Risks of Human Trafficking for Migrant Workers

25 November 2020 Editor

Written by Bonny Ling. Since late-July 2020, a diplomatic row has embroiled the governments of Indonesia and Taiwan over who in principle should pay the cost of recruitment for low-skilled workers seeking jobs abroad. To date, the industry norm is that low-skilled migrant workers pay these fees of recruitment or placement to labour brokers in their home country, months before they begin their work and see their first pay. In order to secure a job abroad, many borrow heavily to pay for these recruitment costs upfront.

Keynote speech at the Yushan Forum (part II)

17 November 2020 Editor

Written by Malcolm Turnbull. Countries that displease China have been threatened with economic consequences. It might be boycotting Japanese retailers; or stopping tourism to South Korea. Or as we have seen in Australia, holding up beef exports and slapping tariffs on wine. On the other hand, and especially in the developing world, billions are being offered for infrastructure development through the Belt and Road initiative.

Keynote speech at the Yushan Forum (part I)

16 November 2020 tianran1

By Malcolm Turnbull. The Covid 19 pandemic, of course as the President has just observed, has disrupted the world and inflicted enormous suffering around the world. But as Taiwan has demonstrated, with ingenuity, with innovation, it can be grappled with and successfully.

Corruption, Democracy, and the Business of Politics in Taiwan

2 November 2020 Editor

Written by Erik Mobrand. Assessments of the state of corruption in Taiwan show wildly diverging conclusions. Corruption scandals break out regularly, seeming to keep the island in a series of emergencies. At the same time, global surveys laud Taiwanese authorities for successfully fighting corruption. If Taiwan is so clean, why do corruption scandals happen? Or, if corruption scandals are so regular, how can Taiwan be assessed as an anti-corruption success story?

Imagining a Post-Pandemic Taiwan: It’s time to discuss a restart (Part 1- Macro perspective)

26 October 2020 Editor

Written by Kyoung M. Shin and Chan-Yuan Wong. As the initial shockwave ushered in by the COVID-19 pandemic is beginning to subsiding, it is imperative to start a more nuanced discussion about pertinent public policies. Even in countries such as Taiwan, who have thus far proven to be relatively more successful in stemming the tide, the government is still emphasising economic re-opening. It is often touted across the globe that Taiwan has been one of the more, if not the most, successful countries in combating COVID-19—and rightfully so. As of October 1, 2020, there has been a total of only 514 documented cases in Taiwan, most of which have been “imported.” While most countries around the world are still struggling to cope with the coronavirus, there has been no report of domestically contracted case in Taiwan since mid-April.

Imagining a Post-Pandemic Taiwan: It’s time to discuss a restart (Part 2 Meso perspective)

26 October 2020 Editor

By Chan-Yuan Wong and Kyoung M. Shin. It is indisputable that Taiwan’s restrictive emergency policies have successfully brought the coronavirus under control and gave Taiwan the enviable status of a “virus-free haven.” Although one may argue that outcome should be used to measure “success” and “failure,” it is not the only criterion to evaluate public policies. Even from a purely economic efficiency point of view, how the outcome is achieved is equally important—that is, the measure of the associated costs and resource inputs. To effectively control the spread of the coronavirus, Taiwan has essentially taken a page out of its old “developmental state” playbook.

How Taiwan is Helping the World by Forging Resilient Cooperation with ASEAN

24 October 2020 Editor

Written by Karl Chee-Leong Lee. Organized by the Taiwan-Asia Exchange Foundation (TAEF), the recent Yushan Forum (October 18) in Taipei was the fourth forum since the event’s inauguration in 2017. While the previous themes of the forums were on social and economic connectivity, regional prosperity as well as innovation of progress, this year it was resilience that took the theme of the distinguished forum. This is difficult to understand as the current COVID-19 pandemic has undoubtedly demonstrated how vulnerable countries and societies in the world are when responding to the unprecedented crisis individually or in a group.

Forging a Resilient Future: New Southbound Policy and Beyond

23 October 2020 Editor

Written by Wei (Azim) Hung. Economic interdependence under rapid globalization has brought about unprecedented economic prosperity. However, it has to some degree failed to promote the establishment of mechanisms for inclusive regional cooperation in Asia. Globalization has not promoted the types of positive diffusion that has been anticipated, in the sense that growing cooperation on technical and economic issues have not been able to stimulate a much greater sense of solidarity around common values.

The 2020 Yushan Forum: Can Taiwan Become a “Regional Resilience Hub”?

22 October 2020 Editor

Written by Corey Lee Bell. The annual Yushan Forum was inaugurated in 2017, yet has quickly come to assume the mantle of one of Taiwan’s leading non-governmental platforms for international dialogue. Its 2020 incarnation was no different, and featured keynote speeches from influential political figures including President Tsai Ing-Wen, Australia’s former Prime Minister Malcolm Turnbull, and Sweden’s former Prime Minister Carl Bildt. While the impact of the COVID19 pandemic meant that this year’s forum was relatively low key, its impressive register of foreign dignitaries, and the profound security, economic and health crises that formed its backdrop, arguably made it the most significant to date.

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