Economy – Page 3 – Taiwan Insight

US-Taiwan Trade Agreement: It is More of Politics than Economic

27 October 2023 Adrian Chiu

Written by Raian Hossain. Taiwan has severe military security concerns, and the island has over-trade and investment dependency towards the PRC, which raises the question of economic security. As of 2022, the PRC accounted for 25% of Taiwan’s exports and 20% of its imports, making Beijing still the largest trading partner of Taipei. However, Taiwan made significant progress in growing trade by 25% with the U.S. in 2021 and expanded its trade volume with New South Bound countries under President Tsai Ing-wen. After a year of negotiations aimed at diversifying trade and commerce, the U.S. and Taiwan signed the first part of the US-Taiwan Initiative on 21st Century Trade. Meanwhile, the second round of negotiations has already started.

Taiwan-US Trade Initiative: A good start, but the beginning of a long road

25 October 2023 Adrian Chiu

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.

Can Democracy be fed (or fed up)? Economic Factors Towards Democratic Development and Political Efficacy in Taiwan Presidential Election (1996-2020)

9 May 2023 Adrian Chiu

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).

The Fall of Evergrande: A Case Study of China’s Financial Turmoil in 2022 and the Implication to China-Bound International Capital in 2023 and Beyond

9 January 2023 Adrian Chiu

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?

Taiwan’s Single-Payer National Health Insurance at a Crossroads: Barbarians at the Gate and Way Forward

11 November 2022

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.

The Economic Impact of COVID-19 Outbreaks in Migrant Workers’ (MW) Dormitories in Singapore and Taiwan

22 August 2022

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.

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