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 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.