Economy – Taiwan Insight

Prosecution of a Fraudulent Labour Agency in Taichung: An Insight on the Exploitation of Migrant Workers in Taiwan

23 February 2021 Editor

Written by Bonny Ling. On 28 January 2021, public prosecutors in Taichung indicted four individuals on charges of human trafficking, violations of the Employment Services Act and forgery of documents for their role in exploiting Vietnamese migrant workers in Taiwan. The four involved worked at the Hong Yu Employment Service Agency Company (弘宇人力仲介公司) in Taichung to recruit migrant workers from Vietnam. Established in 2017, Hong Yu placed 126 Vietnamese migrant workers in the construction sector around Taiwan from July 2018 to August 2020.

Capitalising on Taiwan’s Advantages to Attract New Investments

18 February 2021 Editor

Written by Lotta Danielsson. The Taiwan economy fared well in 2020 and continues to do so into early 2021. This is primarily due to strong domestic demand, robust technology exports driven by the global shift to remote work, and a rebound in export orders for industrial goods. According to recent figures released by its national statistics bureau, Taiwan’s economic growth in 2020 was 2.98%, outperforming China’s same-year growth of 2.3% for the first time in 30 years.

The Biden Administration and Taiwan’s Post-Covid Economic Prospect

17 February 2021 Editor

Written by Min-hua Chiang. With 2.98% of growth rate in 2020, Taiwan’s economy has outperformed many countries in the world. The moderate economic expansion was attributed to the surging external demand for information and communications technology (ICT) goods and the growing investment repatriation. The domestic consumption remained resilient thanks to the growth in domestic tourism and economic stimulus measures. After all, Taiwan’s success in containing the COVID-19 underpinned the whole economy well amid the ongoing global pandemic crisis.

Post-COVID-19 Taiwan in the Global Semiconductor Industry: The Context of the New U.S. Administration

16 February 2021 Editor

Written by Yu-Ching Kuo and Robyn Klingler-Vidra. Early into the global pandemic — and amidst ongoing U.S.-China trade tensions — the International Monetary Fund’s (IMF) World Economic Outlook in April 2020 forecast that Taiwan’s GDP would shrink by 4% in 2020. However, by October 2020, Taiwan’s exports unexpectedly grew by 3.4% and GDP increased by 2%. The outperformance was partly due to Taiwan’s capacity to fight COVID-19, which contributed to the export growth rate of semiconductors and electronics and information technology industries, which was as high as 20%. #Taiwan #economy #industry #covid #Trump @RobynVidra

The Last Trump: Or, Taiwan as a Potential Pawn on a New Chess Board

15 February 2021 Editor

Written by Ian Inkster. As Joseph Cummings has summarised recently for Redaction Politics, ‘experts believe that Mr Biden’s policy will fall short of provocation of mainland China and Mr Trump’s open empowerment of Taiwanese militarisation,’ and there is little reason yet to discount that view. The fact that the US has approved recent arms purchase deals with Taiwan may mean no real change in the long history of less-than-best military techniques being sold off to Taiwan as part of the old cold-war alliance.

How to Promote the Long-Term Success of Semiconductor Industry in Taiwan and Other Economies

11 February 2021 Editor

Written by Bo-Yi Lee. Taiwan’s semiconductor industry has recently attracted attention from foreign governments and media due to the shortage of chips essential for carmakers. Besides, with the growing demand for advanced technologies, including artificial intelligence (AI), fifth-generation (5G) communication, electric vehicles, etc., Taiwan’s semiconductor industry’s strategic importance cannot be over-emphasized. For these Taiwanese firms in this critical supply chain, it is necessary to prioritize and strategize attracting, retaining, and developing talents, since this is a capital and a knowledge-intensive industry.

“Eating Spinach”：The Taiwanese Working in Philippines Gambling Industry. Part II

9 February 2021 Editor

Written By William Kung 孔德廉. Regarding the dramatic changes brought about by the “spinach industry,” Wang Weiren, an old overseas Chinese who has lived in the Philippines for 60 years, described it as “locusts crossing the border.” Although the gambling industry has helped drive obvious GDP growth in the Philippines, the economic gains have not been shared by the public at large. Instead, it has been concentrated in the hands of a few Chinese business owners. Not only that, a large number of Chinese ethnic groups in the industry are not prepared to integrate into the local area. Instead, they are reluctant to change their ways and prone to conflict with the locals. If China and the Philippines were ever to join forces to crack down on illegal businesses, the first thing to bear would be the Philippine economy, which is currently overly dependent on the gambling industry.

“Eating Spinach”：The Taiwanese Working in Philippines Gambling Industry. Part I

8 February 2021 Editor

Written By Willian Kung. Ten years ago, Many Chinese, Malaysians, and Indonesians left their hometowns and moved to the Philippines to chase the gold rush triggered by online gambling. In recent years, the latest wave has attracted many Taiwanese. According to statistics from the Philippine Immigration Bureau, in 2018, more than 200,000 Chinese workers applied for work visas, 90% related to online casinos. There are also many Taiwanese living in the Philippines. In 2016, the Taiwan Economic and Cultural Office in the Philippines issued a message stating “recently, there has been an increasing number of Taiwanese people going to the Philippines to work in the gambling industry, please be wary that risks often outweigh the rewards. Many have had their passports detained.”

On the Margins of the Nuclear Family: Single-Parenthood Stigma in Taiwan

25 January 2021 Editor

Written by Ming-shan Lee. Although single-parent families are increasingly common in Taiwan, this family-structure generally remains under-discussed in the public discourse and – if discussed – is framed negatively. Such stigma confounds other challenges that these families already face. Through family interviews, I have been trying to understand better the experience of such pressures, stigma and challenges.

The Risky Business of Importing Pigs: The Story Of Taiwan’s First Insurance Company

22 January 2021 Editor

Written by Ko Lien. The demand for pig and pork products increased, but businessmen had begun to import pigs from across the strait since supplies have dwindled. As refrigeration technology was still in its infancy at this point, live pigs were imported. However, many overdue would die on the journey to disease or ship wreckage. In response to this, Taiwan’s first-ever insurance company was founded for protecting against pig loss.

Living in Precarity: Poverty AMONGST LGBTQ PEOPLE in Taiwan

21 January 2021 Editor

Written by Yu-lien Cheng. 2019, Taiwan became the first country in Asia to legalize same-sex marriage. However, the long process of fighting for marriage equality was not without objections inside the LGBTQ+ social movement. In the 2014 Taiwan Nine-in-One Election, there was a new party called “Poor Queer Political Equality Party” (貧窮同志參政團， PQPEP ) whose main goal is improving the life quality of precarious gay people. The appearance of PQPEP highlighted a paradox: there were already many precarious gay people searching for help, but in the past twenty years, there has been hardly any LGBTQ+ NGO in Taiwan that stated “class” or “precarity” as its main focus.

Rebellion, Loyalty, and Paths into Adulthood: Entering the Lifeworlds of Wanhua’s Wondering Youths

18 January 2021 Editor

Written by Peijun Guo. As the rumbling from the exhaust engine ripped through the peaceful night, many youths are gathered in convenience stores and community parks of Taipei’s Wanhua district. Some smoke, some mess around, and then eventually the group moves on to the next place to hang out and waste some time. This group of youths who do not get on well at school and who wander about the city streets are part of the background murmur of parts of urban Taipei. They wander about as if they are waiting for something, whether it is to go to school, to find a job, or just for the juvenile detention center to take them in.

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