Written by Corey Lee Bell. The annual Yushan Forum was inaugurated in 2017, yet has quickly come to assume the mantle of one of Taiwan’s leading non-governmental platforms for international dialogue. Its 2020 incarnation was no different, and featured keynote speeches from influential political figures including President Tsai Ing-Wen, Australia’s former Prime Minister Malcolm Turnbull, and Sweden’s former Prime Minister Carl Bildt. While the impact of the COVID19 pandemic meant that this year’s forum was relatively low key, its impressive register of foreign dignitaries, and the profound security, economic and health crises that formed its backdrop, arguably made it the most significant to date.
Written by Dr. Alan H. Yang and Tung Cheng-Chia. Great power competition between the United States and China has intensified under the backdrop of the Covid-19 pandemic. Whether in the World Health Organization or the United Nations, this intensification is compelling states to reorient their political alignment. Taiwan needs to reflect on and strategically reposition itself in this geopolitical tug-of-war. A top priority for the island-nation is to strengthen its links and influence in Asia.
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 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 Winnie King. As recent polls suggest that Tsai will retain her role of president, many commentators point to the six month long (and counting) protests in Hong Kong, the 18-month long (and counting) trade war between the United States and Mainland China. We cannot however, ignore successful policies adopted during Tsai’s tenure as leader—most significantly her iteration of the New Southbound Policy (NSP)—and the contribution this has made towards diversifying Taiwan’s economy beyond that of cross-Strait relations.
Written by Yu-Ching Kuo and Robyn Klingler-Vidra. In this piece, we discuss how Brexit affects Taiwan in its role as a key player in the critical innovation arena of the global semiconductor industry. To do so, we contextualise Taiwan’s semiconductor industry in the dynamics of the global marketplace and discuss the potential effects of uncertainty on innovation.
Written by Marc Howard. Taiwan is a hotbed for tech start-ups focusing on block-chain, Artificial Intelligence (AI) and the Internet of Things. It hosts a proliferation of major start-up accelerators and incubators, including start-up super-hubs like Taiwan Tech Arena, which will spawn 100 start-ups per year and expedite the overseas expansion of 300 start-ups over the next three years.
Written by Joseph Yu Shek Cheng. ‘A common understanding of the severe challenges that pro-democracy groups outside Mainland China face, including those in Taiwan and Hong Kong, is that they have to fight a sophisticated united front machinery and a state security apparatus with ample resources at its disposal.’
Written by Michael Reilly. In October 2015 the European Commission announced that it would ‘explore launching negotiations on investment with [….] Taiwan.’ For a country that