Political economy – Page 4

Taiwan Election 2024: What it Means for the Island’s Future Engagement with the Asia-Pacific Region

25 January 2024 Adrian Chiu

Written by Raian Hossain. Now that the election results are in, the period of intense suspense and electoral speculation has concluded. The issue of cross-strait relations remains unresolved, as the People’s Republic of China (PRC) insists that the Republic of China (ROC), often known as Taiwan, is a separatist province of the mainland and aims for reunification. For the first time in history, Taiwan has re-elected the same political party to govern the democratic island for a third consecutive term. The election of Lai Ching-te on Saturday signifies a strong counter to the People’s Republic of China’s (PRC) forceful stance and intimidation tactics towards the island. The primary challenge now is how Lai’s new government will maintain its relations with Beijing and navigate the complex triangular dynamics of the US, China, and Taiwan.

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

19 January 2024 Chee-Hann Wu

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.

A lesson from the Russo-Ukrainian war for Taiwan: Connection

5 September 2023 Adrian Chiu

Written by Patricia Elnakhal, H.K. Wind and Fengze Strategy. Currently, the controllable intensity on the Taiwan Strait can potentially escalate. The growing frequency of analogous cases that several military aircraft from the mainland flying into the island’s air defence zone cause the intensity on this territory, while the situation is still under control because these actions are mainly for strategic purposes. More importantly, none of the powers is fully prepared for uncontrollable collisions, but the situation’s development indeed keeps invisibly escalating. As a lesson from the Ukraine war, Taiwan has to construct an unbroken and heavy rope connecting itself to the international community to prepare well earlier for various possibilities. The connection between Taiwan and the international community could be observed through two main aspects: the diplomatic interactions connecting to international politics and the economic development connecting to the international market.

Provocations: Taiwan Amidst Trust, Truss and the G7

26 May 2023 Adrian Chiu

Written by Ian Inkster. Liz Truss led her charge into Taiwan on 16 May with the notion of Britain backing a Taiwan move to join the Pacific trade block, the CPTPP, against the present neutral position of the British Tory government under Rishi Sunak. This immediately provoked the Chinese to label her ‘sinister’. The point being that this was merely a Trussian wedge into her major provocation, that there is a ‘fatalism in the free world that somehow a Chinese takeover of Taiwan is inevitable’. Dangerously, Truss seems to have failed utterly (and almost certainly deliberately) to distinguish commercial and political, even military, aggressions, and to that extent, the danger of such an intervention should, of course, be noted.

Truss Visits Taiwan: Worth or Trouble?

23 May 2023 Adrian Chiu

Written by Huynh Tam Sang and Phan Van Tim. Liz Truss’s journey is in the limelight as the first ex-British prime minister to set foot in Taiwan nearly thirty years after Margaret Thatcher’s visits in the 1990s. Nonetheless, the worth of Truss’s five-day sojourn is a contentious issue. From one perspective, Truss’s visit is deemed immensely significant, exemplifying the UK’s unwavering backing for Taiwan amidst escalating Chinese pressure, given her enduring advocacy for a democratic Taiwan. But, conversely, others argue that her visit merely inflamed the already high-strung tensions between China and Taiwan.

Why Does Taiwan’s Development in the Past Century Matter?

13 March 2023 Adrian Chiu

Written by Peter C.Y. Chow. By the end of the 20th century, most former colonies had become independent though few qualify as modern states. Taiwan is an exceptional case in modern development history. Although still a Japanese colony until WWII, Taiwan became a modernised country with remarkable achievements in socio-political and economic developments by the end of the 20th century. Its unique development trajectory is worthy of in-depth analysis such that other developing countries can share its experience in the struggle for modernisation.

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