Economy – Taiwan Insight

Provocations: Taiwan Amidst Trust, Truss and the G7

26 May 2023 Adrian Chiu

Written by Ian Inkster. Liz Truss led her charge into Taiwan on 16 May with the notion of Britain backing a Taiwan move to join the Pacific trade block, the CPTPP, against the present neutral position of the British Tory government under Rishi Sunak. This immediately provoked the Chinese to label her ‘sinister’. The point being that this was merely a Trussian wedge into her major provocation, that there is a ‘fatalism in the free world that somehow a Chinese takeover of Taiwan is inevitable’. Dangerously, Truss seems to have failed utterly (and almost certainly deliberately) to distinguish commercial and political, even military, aggressions, and to that extent, the danger of such an intervention should, of course, be noted.

Truss Visits Taiwan: Worth or Trouble?

23 May 2023 Adrian Chiu

Written by Huynh Tam Sang and Phan Van Tim. Liz Truss’s journey is in the limelight as the first ex-British prime minister to set foot in Taiwan nearly thirty years after Margaret Thatcher’s visits in the 1990s. Nonetheless, the worth of Truss’s five-day sojourn is a contentious issue. From one perspective, Truss’s visit is deemed immensely significant, exemplifying the UK’s unwavering backing for Taiwan amidst escalating Chinese pressure, given her enduring advocacy for a democratic Taiwan. But, conversely, others argue that her visit merely inflamed the already high-strung tensions between China and Taiwan.

Can Democracy be fed (or fed up)? Economic Factors Towards Democratic Development and Political Efficacy in Taiwan Presidential Election (1996-2020)

9 May 2023 Adrian Chiu

Written by The Fengze Strategy. Taiwan’s 2024 presidential election is approaching. Although candidates from different major parties have yet to stand out representing their parties, economic development has been considered an essential issue in every campaign. Some political entrepreneurs thought that democratic values could not be sufficient for economic development; in other words, citizens who prefer economic development the most would consider the so-called democratic value to be “a castle in the sand”. In this article, we will examine the presidential elections in Taiwan from 1996 to 2020 through the basic factor of economic development, the gross domestic product (GDP).

Transformation of Women’s Status in Taiwan, 1920-2020

17 March 2023 Adrian Chiu

Written by Doris T. Chang. Among all the gains made by Taiwanese women in the past century, achieving leadership roles in the political arena is perhaps Taiwanese women’s greatest achievement. During the Japanese colonial era, women had no right to vote. However, after lifting martial law in 1987, Taiwan emerged as a vibrant democracy. Due to political parties’ commitment to nominating more qualified women candidates for elections in the late 1990s and after that, the percentage of women elected to Taiwan’s Legislative Yuan reached 42 per cent in 2020 — the highest in Asia. This is equivalent to the percentage of women legislators in most Scandinavian countries. But Taiwanese women’s achievement in the political arena would not have been possible without making significant progress in their educational attainment throughout the twentieth century.

Why Does Taiwan’s Development in the Past Century Matter?

13 March 2023 Adrian Chiu

Written by Peter C.Y. Chow. By the end of the 20th century, most former colonies had become independent though few qualify as modern states. Taiwan is an exceptional case in modern development history. Although still a Japanese colony until WWII, Taiwan became a modernised country with remarkable achievements in socio-political and economic developments by the end of the 20th century. Its unique development trajectory is worthy of in-depth analysis such that other developing countries can share its experience in the struggle for modernisation.

Lessons from the Strike by Taiwan Railway Workers

19 January 2023 Yi Yu Lai

Written by Kuei-Chih Yang. In 2018, the Puyuma Ziqiang train derailed on Taiwan Railway, and then in 2021, the Taroko overturn accident occurred again on Taiwan Railway. Two major railway accidents happened one after another within three years. Many innocent lives were lost, and the safety management of Taiwan Railway was questioned. In March 2022, the Taiwan government proposed a draft of the “Act for Establishment of State-owned Taiwan Railway Co., Ltd.” to respond to the social demands of reforming Taiwan Railways since the accidents.

Eliminating the Criminal Source of Human Trafficking in Cambodia

12 January 2023 Chee-Hann Wu

Written by Yi-hsiang Shih. Human trafficking is nothing new to the world, yet, the term certainly receives much more attention than ever in 2022 Taiwan. Taiwanese people generally do not see themselves as victims of human trafficking. However, the cases of human trafficking in Sihanoukville, Cambodia, suddenly received extensive attention in 2022. Many of the victims in these cases were characterized as young people in Taiwan under low wages and unstable jobs and whose economic life had been affected by the impact of the COVID-19 pandemic since early 2020. To survive, these young people are easily lured by relatives and friends or false job information and become the main target for criminal groups. They are often deceived into working at the Sihanoukville Special Economic Zone (the scamming compounds) in Cambodia, eventually becoming “commodities” exploited by human trafficking groups.

The Fall of Evergrande: A Case Study of China’s Financial Turmoil in 2022 and the Implication to China-Bound International Capital in 2023 and Beyond

9 January 2023 Adrian Chiu

Written by Daniel Jia. In late 2021, international investors felt a real chill from China: China’s real estate giant, China Evergrande Group, defaulted on interest payments on US$1.2B offshore bonds. The Evergrande trouble was shocking, but it was only the tip of a monstrous China iceberg, toward which the Titanic of international investors are headed. What would follow in 2023 and beyond? Is Taiwan prepared?

Cross-border Movement of Labour between Taiwan and the Philippines: A Taiwanese NGO Worker’s Perspective

25 November 2022 Yi Yu Lai

Written by Yi-Yu Lai. Lennon Wong is the director of a shelter for migrant workers in Taiwan. Before joining the shelter in the early 2010s, he was already a labour activist and worked in the Chinese Federation of Labour and the First Commercial Bank Union. Although his prior work was not directly relevant to migrant workers in Taiwan, his engagement with the labour movement may have started with the issue of migrant workers from Southeast Asia. As a result, we may thus understand the cross-border movement of migrant workers between Taiwan and the Philippines through some of his observations.

Semiconductor industry: a shield to Taiwan or the source of insecurity?

18 November 2022 Adrian Chiu

Written by Guo-Huei Chen and Ming-En Hsiao. That is why Taiwan’s semiconductor industry is a key element in the strategic competition between the United States and China in science and technology. Losing Taiwan is equivalent to losing the power to speak in future innovative technology. Neither the United States nor China can afford the consequences of losing Taiwan’s semiconductors.

Taiwan’s Single-Payer National Health Insurance at a Crossroads: Barbarians at the Gate and Way Forward

11 November 2022 samluowei

Written by Tsung-Mei Cheng. Chronic financial instability and the difficulty the government has with raising the premium rate to balance the budget aside, the NHI faces myriad other challenges, including rising patient-consumer expectations and demands for ever more and better health care, the high cost of new medical technology and its coverage, provider payment reform, health care workforce shortages, ageing of the population, building long term care, etc.

The Interaction between Taiwan’s Indigenous and Migrant Workers: Lessons from Construction Industry

21 October 2022 Yi Yu Lai

Written by Hsuan Lo. Translated by Yi-Yu Lai. In Taiwan, a narrative concerning the opposition of migrant and Indigenous workers appears to be a continuing source of contention. In 1997, director Ming-hui Yang released a documentary, “Please Give Us a Job.” One of the film’s impressive scenes depicts an off-duty Indigenous worker sobbing uncontrollably in front of the camera while lamenting the employment difficulties caused by the introduction of migrant workers. In 2016, Chen Ying, a DPP legislator from the Puyuma Indigenous community, brought this issue back into the public eye by highlighting the impact of “illegal migrant workers” on the employment of Indigenous workers. Unfortunately, the notion that “migrant workers take jobs from Indigenous workers” has become deeply ingrained.

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