Economy – Page 4 – Taiwan Insight

Cashing in Taiwan’s Chips: Trade Deals and Divergent Interests from Washington and Tokyo

27 June 2022

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.

USA, China, and Taiwan: Post-Endemic Strategies for a New Global Economy

1 June 2022

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.

Semiconductor Competition: Opportunities for Taiwan

20 May 2022

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.

Raise the Minimum Wage Now To Fix Taiwan’s Lopsided Economy

29 April 2022

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..

How did Malaysia and Taiwan respond to Covid-19? Part II: Pandemic’s Impact on Economy

4 February 2022

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.

Policy or Circumstance?: Covid Impacts and Probable Political Economy Outcomes

7 January 2022 Editor

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.

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