Written by Harry West. The Coronavirus pandemic has presented the world with challenges the likes of which have rarely been seen before. COVID-19 — a disease for which a vaccine is yet to be found — has killed over 300,000 people and infected millions more. As well as the human cost, the virus has had a significant impact on the global economy, with governments across the world implementing social distancing measures as a means for combatting the spread.
Written by Min-Hua Chiang. Despite economic shrinkage, the impact of COVID-19 on Taiwan’s economy is restrained compared to other countries. Singapore (-2.2%), European Union (-2.7%), USA (-4.8%), China (-6.8%) and Hong Kong (-8.9%) have reported a more significant drop in the first quarter of 2020. Taiwan’s success in controlling the spread of COVID-19 has minimized the impact of COVID-19 on its economy. As of May 11 2020, Taiwan reported 440 cases and seven deaths, lower than most other countries in the world.
Written by Chuan-Kai Lee and Mei-Chih Hu. As we know, the Coronavirus pandemic poses a dire threat to various states around the globe. Thus, we perceive the competence (or lack thereof) of different governments, the strengthening of the state, the rise of nationalism, and in Taiwan, the return of technocrats. These technocrats differed from their predecessors in the developmental-state era, as they already had their missions well in advance rather than playing catch-up. They were to contain the virus — keep a record of zero local infection as long as possible.
Written by Tse-Kang Leng. Taiwan is now facing increasing pressure to adjust its cross-strait economic policies. In her second inaugural address on May 20 of this year, Taiwanese President Tsai Ing-wen re-emphasised the importance of Taiwan’s strength in the semiconductor and ICT industries, and she also urged the country to secure a central role in global supply chains. In order to cope with current global uncertainties, more substantial state intervention to consolidate economic security will become the new normal.
Written by Mei-Hua Chen. There are nearly 9,000 people who have lost their jobs. The majority of these workers are found in the service sector. Nonetheless, after a hostess, who worked in Taipei, contracted the Coronavirus on the April 8, hostesses or sex workers who work in bars or dancing halls appear as the most vulnerable group in Taiwan. The Central Epidemic Command Centre (CCEC) of Taiwan immediately and indefinitely shut down 437 bars and dancing halls that provided hostess services across Taiwan.
Written by Ian Inkster. The East Asian capacity for self-help is not an illusion nor irrelevant to our further understanding of the global Covid 19 crisis. More of this later. First, a few statistics that put East Asia in some perspective, derived from my analysis of the figures available on 28-29 March. All figures are problematic and very temporary, but the death/cases ratio seems sturdy in that the numerator is visible, which is more difficult to hide and easier to find than most of the measures being bandied about elsewhere.
Written by Tyler Prochazka. As the coronavirus spreads rapidly around the world, the global economy could face its most serious decline since the 2008 Great Recession. While Taiwan has avoided a serious community spread of COVID-19, it is not immune to the global economic fallout from the pandemic. To assure that its citizens are able to keep their heads afloat financially, the Taiwanese government should prioritize an emergency basic income for every household over bailouts to corporations.
Written by Min-Hua Chiang. The relocation of Taiwanese outward direct investment (ODI) away from China is a clear sign of the shifting global business landscape. The cross-strait division of labour in manufacturing production has started to fade after China’s wage hike, industrial upgrading as well as stricter rules on the environment and labour protection. Taiwan’s ODI in China has declined visibly after 2012.
Written by Michael Reilly. In the medium to long-term, the coronavirus outbreak may turn out to be the high-water mark of foreign investment in China. Even before this, foreign companies were growing increasingly frustrated as the government increased minimum wage levels in provinces such as Guangdong and Fujian, and they also became frustrated with a growing burden of regulations and a bias in favour of domestic companies.
Written by Corey Bell.
The 2019 Yushan Forum, hosted earlier this month by the Taiwan-Asia Exchange Foundation, lived up to its hype as a major forum on Asian trade and security. In a major coup, this year’s programme succeeded in attracting a number of prominent speakers, including Taiwan’s President Tsai Ing-wen, who delivered the event’s opening address, her Vice President Chen Chien-jen, India’s former foreign secretary Shivshankar Menon, and Sandra Oudkirk, the U.S. State Department’s Deputy Assistant Secretary for Australia, New Zealand and the Pacific Islands.
Written by Michael Reilly. Not since the end of the 2nd World War has the international trading environment been shrouded in so much uncertainty. Four years ago, the future looked clear. In October 2015, the USA and eleven other countries agreed on what would have been the world’s largest free trade agreement, the Trans-Pacific Partnership (TPP), covering 40% of the global economy. The USA and the EU were also talking about a similar agreement, the Transatlantic Trade and Investment Partnership (TTIP). Then came the Brexit referendum and Donald Trump’s election as president of the USA.
Written by Kenneth H. Chen. My fieldwork uncovered the critical functions played by Taiwanese education agents in sending international students abroad. These education agents served as mediators of students and parents’ feelings, emotions, and relationship with others. Studies show that middle-class parents and children are calculative and anxious about seeking college education abroad.