Category: Business

Taiwan and the Pandemic: Impact on Businesses and the Economy

Written by Lotta Danielsson. For the first year of the COVID-19 pandemic, Taiwan served as a brilliant example of how best to handle the crisis. Leaning on its experiences during the 2003 SARS epidemic, Taiwan received glowing reviews for its protective measures. Stories about long stays in quarantine hotels and the vigilant surveillance of arriving travellers spread widely online. Donations of high-quality protective gear served as public relations opportunities, culminating with “Made in Taiwan” facemasks worn at the White House. Photos from a crowded live concert in Taipei elicited envy from those still in semi-lockdown elsewhere.

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Taiwan’s Boosting Economy Amid the Prolonged Global Pandemic Crisis

Written by Min-hua Chiang. Taiwan government revised up economic growth forecast in 2021 to 5.5% in June despite the sudden surge of covid-19 cases since mid-May. This is the fastest growth path since and second only to the post-crisis rebound in 2010 (see Figure 1). The economy is bolstered by thriving exports outlook. Growing domestic investment is another anchor of Taiwan’s economy thanks to the continuous investment repatriation. The greater government consumption is expected to offset the potential fall in private consumption following the constraints on outdoor activities. Taiwan Centres for Disease Control (CDC)’s capability to put the domestic outbreak under control in a month further gives confidence that moderate economic growth this year could be expected.

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Capitalising on Taiwan’s Advantages to Attract New Investments

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.

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

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.

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

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.”

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Semiconductor Industry Strategies in Taiwan

Written by Guo-Huei Chen, Ming-En Hsiao and Li-Ke Chang. The semiconductor industry is strategic to national security and critical to international connections in the high tech and techno-geopolitics era. In regard to tech, along with strategic competitions between America and China, Taiwan is at the frontline for its supply chains and geopolitics.

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

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.

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Corruption, Democracy, and the Business of Politics in Taiwan

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?

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

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.

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China Impact, Income Inequality and Its Discontents in Taiwan

Written by Thung-Hong Lin. In March 2014, the Sunflower Movement, a student-led protest to oppose the Cross-Strait Service Trade Agreement (CSSTA), shocked the Taiwanese public. For 24 days (March 18–April 10, 2014), Taiwan’s legislature was paralysed by protesters occupying the chamber, nearby roads and surrounding alleys, which prevented their eviction by police. The protesters claimed that the CSSTA would favour large companies investing in China, damage local small and medium-scale enterprises’ (SMEs) business and have a devaluing effect on local labour’s wages.

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Mapping the Development of Capitalism in Colonial War-time Taiwan Through New Digital tools 

Written By Yueh-Cheng Tien. Establishing relations is a central feature in the research of humanities and social sciences. It also lies at the heart of most historical analysis—these relations concern how different individuals and institutions connect and influence one another. However, researchers often struggle to prove specific relationships due to the multitude of relations that exist concurrently, and the actual effect of these relationships can be hard to prove. This has led many historians to turn to digital and mathematical methods to model relations visually and statistically.

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