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 Cheng-Chia Tung. COVID-19 has cost thousands of lives outside of its place of origin and has put 20% of the global population under lockdown. It is hard to envision it not having a long-lasting impact. Many influential commentators have focused on how it has exacerbated the decline of globalization and intensified political tension and strategic competition among great powers. While many may crave a “return to normalcy,” if we are to address the challenges created by the pandemic more holistically we need to do more than simply ask “whether we’re going back to where we were.”