Beyond Taiwan’s auspicious economic growth in 2025: industrial polarisation poses a challenge to income equality

Written by Min-Hua Chiang. This article examines Taiwan’s 2025 growth surge, driven by ICT exports, capital formation, and booming semiconductors, while showing stagnant consumption, rising inequality, inflation, and housing burdens. It argues that concentrated income in tech undermines social cohesion and urges government spending, diversification, and AI-enabled upgrading across lagging industries for sustainable growth ahead. 

A Short History of Semiconductor Technology in Taiwan during the 1970s and the 1980s

Written by Ling-Ming Huang. Taiwan’s semiconductor industry grew significantly in the 1970s and 1980s, driven by important government-led strategies aimed at developing manufacturing capabilities for integrated circuit (IC) products in Taiwan. These initiatives laid the foundation for Taiwan’s global dominance in the semiconductor sector and facilitated the establishment of key corporations like TSMC.

What Does Taiwan’s Presidential Election Outcome Tell Us About Its Economic Prospects?

Written by Min-Hua Chiang. William Lai (Lai Ching-te) of the Democratic Progressive Party (DPP) secured his election as Taiwan’s 16th president on January 13, 2024. As the DPP extends its rule for another four years, the administration is likely to maintain President Tsai Ing-wen’s economic policies, notably diversifying the economy away from China. Navigating Taiwan’s export-oriented economy through the evolving US-China relationship will pose the most significant challenge for the new administration. 

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