Economy – Page 36 – Taiwan Insight

The Impact of COVID-19 on Taiwan’s Economy and Future Prospects

28 May 2020 Editor

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.

The Return of Technocrats in the US-China Divide and Their Relation to the Coronavirus Pandemic

27 May 2020 Editor

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.

Cross-Taiwan Strait Economic Relations in Times of Uncertainty

26 May 2020 Editor

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.

Taiwanese Sex Workers amid the Covid-19 Pandemic

25 May 2020 Editor

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.

Covid 19 – Taiwan in East Asia

3 April 2020 Editor

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.

Why Taiwan Needs to Have Emergency Basic Income Now

2 April 2020 Editor

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.

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