Economy – Page 5 – Taiwan Insight

Taiwan and the Pandemic: Impact on Businesses and the Economy

15 July 2021 Editor

Written by Lotta Danielsson. For the first year of the COVID-19 pandemic, Taiwan served as a brilliant example of how best to handle the crisis. Leaning on its experiences during the 2003 SARS epidemic, Taiwan received glowing reviews for its protective measures. Stories about long stays in quarantine hotels and the vigilant surveillance of arriving travellers spread widely online. Donations of high-quality protective gear served as public relations opportunities, culminating with “Made in Taiwan” facemasks worn at the White House. Photos from a crowded live concert in Taipei elicited envy from those still in semi-lockdown elsewhere.

Taiwan’s Boosting Economy Amid the Prolonged Global Pandemic Crisis

13 July 2021 Editor

Written by Min-hua Chiang. Taiwan government revised up economic growth forecast in 2021 to 5.5% in June despite the sudden surge of covid-19 cases since mid-May. This is the fastest growth path since and second only to the post-crisis rebound in 2010 (see Figure 1). The economy is bolstered by thriving exports outlook. Growing domestic investment is another anchor of Taiwan’s economy thanks to the continuous investment repatriation. The greater government consumption is expected to offset the potential fall in private consumption following the constraints on outdoor activities. Taiwan Centres for Disease Control (CDC)’s capability to put the domestic outbreak under control in a month further gives confidence that moderate economic growth this year could be expected.

Taiwan: The unsinkable Aircraft Carrier sails again?

26 May 2021 Editor

Written by Arthur Ding. In April, the London based Economist carried several in-depth analyses on Taiwan and US-China relations in the context of China’s increasing assertive policy toward Taiwan. Among them, the one titled “Taiwan: the most dangerous place on Earth” elicited heated debates in Taiwan. Assuming that these analyses are correct, what do these analyses entail?

The Future of Taiwanese industries’ Supply Chain Reallocations Under Covid-19

16 March 2021 Editor

Written by Chun-Chien Kuo. By adding fire to the existing US-China Trade War, Covid-19 has accelerated the current economic adjustment pace, along with the need for supply chain reallocation in industries. Thus, industries and firms in Taiwan have responded to adjust their production of diverse parts and components. They have also attempted to establish their own sufficient domestic supply chains. New trends in supply chain reallocation have also emerged, such as localised supply chains, shorten supply chains and digitalisation under the Covid-19 threat.

Attracting and Retaining Talent: Taiwan’s Challenges and Opportunities amid COVID-19

15 March 2021 Editor

Written by Michael C.Y. Lin. Taiwan’s success in battling the novel coronavirus has promoted its international image, attracting businesses, investment, and a skilled workforce to the country. These trends offer Taiwan a potential opportunity to deepen its talent pool. Over the past two decades, Taiwan has experienced stagnant real wage growth, driving out skilled domestic workers and discouraging overseas Taiwanese talent from returning to their homeland. In particular, talent outflow from Taiwan to China has raised serious concerns.

Capitalising on Taiwan’s Advantages to Attract New Investments

18 February 2021 Editor

Written by Lotta Danielsson. The Taiwan economy fared well in 2020 and continues to do so into early 2021. This is primarily due to strong domestic demand, robust technology exports driven by the global shift to remote work, and a rebound in export orders for industrial goods. According to recent figures released by its national statistics bureau, Taiwan’s economic growth in 2020 was 2.98%, outperforming China’s same-year growth of 2.3% for the first time in 30 years.

« 1 … 3 4 5 6 7 … 11 »