Written by Chieh-Ting Yeh. In 2005, I understood the FTA to be an aspirational long-shot—something that we can press for but not something we should expect to see in the foreseeable future. Recent developments such as the 21st Century Trade Initiative are milestones for sure, but milestones to mark just the beginning of a long road for a true free trade agreement with the US, as well as meaningful participation in regional trade blocs.
Written by The Fengze Strategy. Taiwan’s 2024 presidential election is approaching. Although candidates from different major parties have yet to stand out representing their parties, economic development has been considered an essential issue in every campaign. Some political entrepreneurs thought that democratic values could not be sufficient for economic development; in other words, citizens who prefer economic development the most would consider the so-called democratic value to be “a castle in the sand”. In this article, we will examine the presidential elections in Taiwan from 1996 to 2020 through the basic factor of economic development, the gross domestic product (GDP).
Written by Daniel Jia. In late 2021, international investors felt a real chill from China: China’s real estate giant, China Evergrande Group, defaulted on interest payments on US$1.2B offshore bonds. The Evergrande trouble was shocking, but it was only the tip of a monstrous China iceberg, toward which the Titanic of international investors are headed. What would follow in 2023 and beyond? Is Taiwan prepared?
Written by Tsung-Mei Cheng. Chronic financial instability and the difficulty the government has with raising the premium rate to balance the budget aside, the NHI faces myriad other challenges, including rising patient-consumer expectations and demands for ever more and better health care, the high cost of new medical technology and its coverage, provider payment reform, health care workforce shortages, ageing of the population, building long term care, etc.
Written by Jackson Teh. In crux, we should note the link between the general public’s health, both physically and mentally, with that of the migrant workers: only when local community cases are stable, and their sentiments positive, are migrant workerss allowed to move around and go to work; only when migrant workerss move around and go to work, can they feel better and hopeful about themselves and the future. Therefore, the mental well-being of both groups in a country must not be seen as isolated variables.
Written by Shihoko Goto. The momentum for Taiwan to be an integral part of the global economic community is reaching unprecedented levels. Taiwan’s ability to keep the pandemic at bay when the international community was first gripped by the rapid spread of covid in early 2020 certainly opened the world’s eyes to Taipei’s efficient, capable responses to emergencies. But the disruptions to global supply chains and the recognition of Taiwan dominating the international semiconductor manufacturing market have catapulted Taiwan’s economic standing. At the same time, growing concerns about ensuring the status quo in cross-Strait relations have only raised awareness of the fragile situation that Taiwan finds itself in. The question is whether Taiwan has suitably leveraged its advantages to ensure its economic prospects and safeguard its future.
Written by Ian Inkster. Joe Biden’s recent scooping up of the fog of ‘strategic ambiguity,’ the seldom re-specified policy of the USA towards China in the case of an overt attack on Taiwan, was made in haste but has set the tail of the cat alight and its very colour in doubt. In Japan, Biden warned that China was ‘flirting with danger’ and then admitted that the US would defend Taiwan against invasion by China as contra to the Ukraine case. He was then asked directly if the US would defend Taiwan militarily if China invaded, when it has not done so in the invasion of Russia against Ukraine.
Written by Adhiraaj Anand. The Biden administration has put aside billions of dollars to improve semiconductor manufacturing capabilities in the US, whose global output fell from 37% in 1990 to 12% in 2020. Additionally, the EU Chips Act, proposed in 2022, seeks to make Europe a leader in semiconductor technology and maintain a secure supply of chips by increasing the continent’s market share in the semiconductor industry to 20% by 2030. Japan has similarly unveiled a strategy to promote indigenous semiconductor manufacturing to achieve a 40% global market share in next-generation power semiconductors, which are to be used in emerging technologies such as electric vehicles, by the end of the decade.
Written by Roy Ngerng. Taiwan’s minimum wage — and wages as a whole — have been severely depressed over the last two to three decades in spite of years of high export and profit growth. Not increasing the minimum wage will violate workers’ rights and place an unfair burden on their livelihoods..
Written by K. Thiruchelvam. Our earlier article described how governments in Malaysia and Taiwan have responded to the challenges of the COVID-19 pandemic on their health systems. We identified common themes from both countries’ responses to the pandemic and acknowledged the importance of public sector capacities and capabilities in shaping and steering them. This second part of the article will describe how governments in Malaysia and Taiwan have responded to the challenges of the pandemic in their economic sector.
Written by Ian Inkster. When attempting a summary prediction of Taiwan’s political economy in January of 2019, I admitted that even annual forecasting can look very foolish, especially during the decline in democratic systems perceived at that time and the importance of complex external commercial relations to the country’s growth and welfare. The forecaster turns idiot with awful speed. I asked to be forgiven during the gentle days of Chinese New Year! Like everyone, I did not predict the coming Covid 19.
Written by Chieh-chi Hsieh. If anything is troubling the incumbent government led by the Democratic Progressive Party (DPP), it would not be the external threats imposed by China. On the contrary, China’s continuous assertive actions toward Taiwan have become the DPP government’s greatest asset, enabling the mobilisation of domestic support observed after President Tsai’s National Day speech, which gathered 67.9% of residents’ approval based on a public survey.
Taiwan Insight 