Written by Huynh Tam Sang. Adopted by President Tsai Ing-wen in 2016, the New Southbound Policy (NSP) has helped fortify Taiwan’s international standing and promoted the spirit of “Taiwan helps Asia, and Asia helps Taiwan.” In recent years, the NSP has facilitated Taiwan’s participation in the Indo-Pacific society. At the same time, they ensure that Taiwan could get on board with other regional and middle powers, like China, Japan, South Korea, India, and Australia, which have been forging their ties with Southeast Asian countries.
Written by Huynh Tam Sang and Tran Hoang Nhung. In her 2020 inaugural speech, President Tsai Ing-wen (蔡英文) raised the issue of talent retention, underlined the need for “a diverse talent pool” with her commitment to attract “technical, R&D, and management talents to help globalize Taiwan’s workforce.” Furthermore, when attending the release of the Talent Circulation Alliance white paper in June, she said the government would be committed to “[developing] more innovative talent” to meet the shifting of supply change to Taiwan and navigate challenges caused by the COVID-19 pandemic.
Written by Karl Chee-Leong Lee. Organized by the Taiwan-Asia Exchange Foundation (TAEF), the recent Yushan Forum (October 18) in Taipei was the fourth forum since the event’s inauguration in 2017. While the previous themes of the forums were on social and economic connectivity, regional prosperity as well as innovation of progress, this year it was resilience that took the theme of the distinguished forum. This is difficult to understand as the current COVID-19 pandemic has undoubtedly demonstrated how vulnerable countries and societies in the world are when responding to the unprecedented crisis individually or in a group.
Written by Wei (Azim) Hung. Economic interdependence under rapid globalization has brought about unprecedented economic prosperity. However, it has to some degree failed to promote the establishment of mechanisms for inclusive regional cooperation in Asia. Globalization has not promoted the types of positive diffusion that has been anticipated, in the sense that growing cooperation on technical and economic issues have not been able to stimulate a much greater sense of solidarity around common values.
Written by Corey Lee Bell. The annual Yushan Forum was inaugurated in 2017, yet has quickly come to assume the mantle of one of Taiwan’s leading non-governmental platforms for international dialogue. Its 2020 incarnation was no different, and featured keynote speeches from influential political figures including President Tsai Ing-Wen, Australia’s former Prime Minister Malcolm Turnbull, and Sweden’s former Prime Minister Carl Bildt. While the impact of the COVID19 pandemic meant that this year’s forum was relatively low key, its impressive register of foreign dignitaries, and the profound security, economic and health crises that formed its backdrop, arguably made it the most significant to date.
Written by Cheng-Chia Tung. COVID-19 has cost thousands of lives outside of its place of origin and has put 20% of the global population under lockdown. It is hard to envision it not having a long-lasting impact. Many influential commentators have focused on how it has exacerbated the decline of globalization and intensified political tension and strategic competition among great powers. While many may crave a “return to normalcy,” if we are to address the challenges created by the pandemic more effectively and holistically, we need to do more than simply ask “whether we’re going back to where we were.”
Written by Wei Azim Hung. The series of border skirmishes between India and China that began in early May this year have prompted a wave of anti-China sentiment across the subcontinent. India’s Prime Minister Narendra Modi has struck a particularly aggressive tone by saying “the age of expansionism is over” and “peace is not won by weakness” , while being mindful of the need to save his Chinese counterpart face by not indulging in overly bellicose or provocative rhetoric. Interestingly, this is not the first time India and China have engaged in border hostilities, nor is it the most bloody conflict.
Written by Karl Chee Leong Lee. Despite lingering pessimism surrounding the impact of COVID-19 on Southeast Asia’s economy, Malaysia has unexpectedly enjoyed a new wave of Taiwanese investment. According to official figures released by the Malaysian Investment Development Authority (MIDA) last April, the value of inbound manufacturing-based investment from Taiwan has increased seven-fold. In 2019 Taiwan became the fourth largest FDI source for Malaysia’s manufacturing sector after China, the US and Singapore.
Written by Dr. Alan H. Yang and Tung Cheng-Chia. Great power competition between the United States and China has intensified under the backdrop of the Covid-19 pandemic. Whether in the World Health Organization or the United Nations, this intensification is compelling states to reorient their political alignment. Taiwan needs to reflect on and strategically reposition itself in this geopolitical tug-of-war. A top priority for the island-nation is to strengthen its links and influence in Asia.
Written by Hsin-Chi Lee. In the 2020 Taiwanese presidential election held in January, Taiwan’s first female president Tsai Ing-wen won her second term. At the same time female representation reached a record high- 42% of legislators are now women, which is top rate in Asia.
Written by Corey Bell.
The 2019 Yushan Forum, hosted earlier this month by the Taiwan-Asia Exchange Foundation, lived up to its hype as a major forum on Asian trade and security. In a major coup, this year’s programme succeeded in attracting a number of prominent speakers, including Taiwan’s President Tsai Ing-wen, who delivered the event’s opening address, her Vice President Chen Chien-jen, India’s former foreign secretary Shivshankar Menon, and Sandra Oudkirk, the U.S. State Department’s Deputy Assistant Secretary for Australia, New Zealand and the Pacific Islands.
Written by Alan H. Yang and Ding-Liang Chen. Taiwan has lost several of its diplomatic allies in recent years. These setbacks have prompted Taiwan’s government to devise new approaches to improving its international presence and foreign relations strategy.