Written by James Lin. While the TAIPEI Act affirms US support, it does not change the capitalist structure of the international political economy, nor the hard economic and political advantages Beijing holds over Taipei and, to a certain degree, Washington. The United States is no longer in a position to shape the United Nations, or the Bretton Woods system, as it did in the immediate post-World War II moment. Even if Taiwan regains some of its diplomatic allies, Taiwan’s international existence is precarious without formal membership in international organizations and formal diplomatic recognition from the majority of the world’s nations.
