Deconstructing ECFA：Challenges and Opportunities for Taiwan
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內容簡介
Taiwan is located where the world』s largest continent and its vastest ocean meet. It is surrounded by great powers such as China, Japan, Russia and the United States, while Indonesia, Malaysia, the Philippines, South Korea, Vietnam and other close neighbors are middle powers. We can say that the importance of Taiwan』s strategic position at the geographic crossroads of Northeast Asia and Southeast Asia is without parallel. Even more important, Taiwan has created an economic miracle over the past century. Before the Second World War Taiwan』s per capital national income stood at around 80 percent of Japan』s national income, which made it No. 2 in Asia in terms of economic development. After the war, from the 1970s, the Taiwanese economy entered a period of rapid growth, and has counted among the world』s top 20 economies ever since.
During the past three decades Taiwan has considerably contributed to the economic development of Southeast Asia and China. In China』s case in particular Taiwanese investment has outright acted as an engine for the Chinese economy. From the 1980s Taiwanese businesspeople began to invest in China, unconditionally transferring capital, technology, and specialists to China. Particularly after the 1989 Tian』anmen Incident, when the Chinese ecomony ground to a halt as countries around the globe slapped China with political and economic sanctions, Taiwanese capital and personnel provided timely help. As a result the dying Chinese economy was revived and China was able to become the world』s conventional industry kingdom. During the past thirty years the volume of trade between Taiwan and China has dramatically increased, almost 2,900-fold, from US$500 million in 1978 to US$145 billion in 2010.
Later on when China was eager to develop its high-tech industry, Taiwan permitted, again at the right time, manufacturers of more than 7,000 items including notebook computers and other electronics to invest in China. Between 2001 and 2007 virtually all computer manufacturers from Taiwan moved their production lines to China, helping China to quickly become the world』s factory in the information industry sector. Since products made by China-based Taiwanese companies contribute to Chinese exports, China was able to quickly accumulate foreign currency assets so that its foreign reserves hit US$2.4 trillion in 2010. China is currently planning its third big leap forward, namely industrial and technological upgrading. To achieve that goal Beijing is eager to import technology-intensive industries and a modern biotech industry. Right at this time China needs a third batch of Taiwanese investment and technology to overcome its problems with industrial upgrading. That』s the reason why China and China-centric pressure groups were promoting the conclusion of an Economic Cooperation Framework Agreement (ECFA) between Taiwan and China so actively.
After the Second World War the victorious and the defeated nations were all saddled with severe destruction. Especially the totalitarian countries failed to make progress with China stagnating even longer for almost 40 years so that among the large nations China had the most backward economy. Subsequently, Taiwan kept providing China with capital and technology for nearly 20 years and even took its own customers (markets) from around the world to China. But while Taiwan contributed to the development of the Chinese economy, Taiwan itself suffered a massive outflow of capital and technology. As a result the Taiwanese economy took a heavy blow from a severe stock market weakness, an increase in bad bank loans, the emergence of a fiscal deficit, and unemployment soaring to a historic high.
Against this backdrop, the ruling Chinese Nationalist Party (KMT) government in Taiwan encountered the onslaught from the global financial crisis, which again caused negative economic growth. As Taiwan』s economic growth rate saw a single quarter contraction of almost 1
During the past three decades Taiwan has considerably contributed to the economic development of Southeast Asia and China. In China』s case in particular Taiwanese investment has outright acted as an engine for the Chinese economy. From the 1980s Taiwanese businesspeople began to invest in China, unconditionally transferring capital, technology, and specialists to China. Particularly after the 1989 Tian』anmen Incident, when the Chinese ecomony ground to a halt as countries around the globe slapped China with political and economic sanctions, Taiwanese capital and personnel provided timely help. As a result the dying Chinese economy was revived and China was able to become the world』s conventional industry kingdom. During the past thirty years the volume of trade between Taiwan and China has dramatically increased, almost 2,900-fold, from US$500 million in 1978 to US$145 billion in 2010.
Later on when China was eager to develop its high-tech industry, Taiwan permitted, again at the right time, manufacturers of more than 7,000 items including notebook computers and other electronics to invest in China. Between 2001 and 2007 virtually all computer manufacturers from Taiwan moved their production lines to China, helping China to quickly become the world』s factory in the information industry sector. Since products made by China-based Taiwanese companies contribute to Chinese exports, China was able to quickly accumulate foreign currency assets so that its foreign reserves hit US$2.4 trillion in 2010. China is currently planning its third big leap forward, namely industrial and technological upgrading. To achieve that goal Beijing is eager to import technology-intensive industries and a modern biotech industry. Right at this time China needs a third batch of Taiwanese investment and technology to overcome its problems with industrial upgrading. That』s the reason why China and China-centric pressure groups were promoting the conclusion of an Economic Cooperation Framework Agreement (ECFA) between Taiwan and China so actively.
After the Second World War the victorious and the defeated nations were all saddled with severe destruction. Especially the totalitarian countries failed to make progress with China stagnating even longer for almost 40 years so that among the large nations China had the most backward economy. Subsequently, Taiwan kept providing China with capital and technology for nearly 20 years and even took its own customers (markets) from around the world to China. But while Taiwan contributed to the development of the Chinese economy, Taiwan itself suffered a massive outflow of capital and technology. As a result the Taiwanese economy took a heavy blow from a severe stock market weakness, an increase in bad bank loans, the emergence of a fiscal deficit, and unemployment soaring to a historic high.
Against this backdrop, the ruling Chinese Nationalist Party (KMT) government in Taiwan encountered the onslaught from the global financial crisis, which again caused negative economic growth. As Taiwan』s economic growth rate saw a single quarter contraction of almost 1
目錄
Deconstructing ECFA
Challenges and Opportunities for Taiwan
編號 篇 名 撰稿人
1 Preface
2 Editor』s Note Rong-I Wu
3 ECFA and China』s Strategy to Dominate the World Pochih Chen
4 China』s Strategy toward Taiwan Ming-tong Chen
5 Economic Integration in East Asia – Taiwan Perspective Rong-I Wu;Tsai-Lung Hong
6 The Geopolitical Implications of ECFA Chih-chung Wu
7 The Impact of ECFA on Taiwan』s Economy I-ji Tsai
8 The ECFA and the Core-Periphery Effect Tien-lin Huang
9 ECFA Being Possessed To-far Wang
10 ECFA and Taiwan-China Trade Relations Rong-I Wu
11 The Bandwagon Effect of ECFA on the Development of Banking Sector Bor-yi Huang
12 ECFA』s Impact on Taiwan』s Service Trade: the Legal Perspective Chung-hsin Hsu
13 Taiwan』s Unemployment Problem under ECFA Chih-hai Yang
14 Economic Effects of ECFA on Taiwan』s Agricultural Sector Chih-chung Chen
Challenges and Opportunities for Taiwan
編號 篇 名 撰稿人
1 Preface
2 Editor』s Note Rong-I Wu
3 ECFA and China』s Strategy to Dominate the World Pochih Chen
4 China』s Strategy toward Taiwan Ming-tong Chen
5 Economic Integration in East Asia – Taiwan Perspective Rong-I Wu;Tsai-Lung Hong
6 The Geopolitical Implications of ECFA Chih-chung Wu
7 The Impact of ECFA on Taiwan』s Economy I-ji Tsai
8 The ECFA and the Core-Periphery Effect Tien-lin Huang
9 ECFA Being Possessed To-far Wang
10 ECFA and Taiwan-China Trade Relations Rong-I Wu
11 The Bandwagon Effect of ECFA on the Development of Banking Sector Bor-yi Huang
12 ECFA』s Impact on Taiwan』s Service Trade: the Legal Perspective Chung-hsin Hsu
13 Taiwan』s Unemployment Problem under ECFA Chih-hai Yang
14 Economic Effects of ECFA on Taiwan』s Agricultural Sector Chih-chung Chen
序／導讀
Preface
Taiwan is located where the world』s largest continent and its vastest ocean meet. It is surrounded by great powers such as China, Japan, Russia and the United States, while Indonesia, Malaysia, the Philippines, South Korea, Vietnam and other close neighbors are middle powers. We can say that the importance of Taiwan』s strategic position at the geographic crossroads of Northeast Asia and Southeast Asia is without parallel. Even more important, Taiwan has created an economic miracle over the past century. Before the Second World War Taiwan』s per capital national income stood at around 80 percent of Japan』s national income, which made it No. 2 in Asia in terms of economic development. After the war, from the 1970s, the Taiwanese economy entered a period of rapid growth, and has counted among the world』s top 20 economies ever since.
During the past three decades Taiwan has considerably contributed to the economic development of Southeast Asia and China. In China』s case in particular Taiwanese investment has outright acted as an engine for the Chinese economy. From the 1980s Taiwanese businesspeople began to invest in China, unconditionally transferring capital, technology, and specialists to China. Particularly after the 1989 Tian』anmen Incident, when the Chinese ecomony ground to a halt as countries around the globe slapped China with political and economic sanctions, Taiwanese capital and personnel provided timely help. As a result the dying Chinese economy was revived and China was able to become the world』s conventional industry kingdom. During the past thirty years the volume of trade between Taiwan and China has dramatically increased, almost 2,900-fold, from US$500 million in 1978 to US$145 billion in 2010.
Later on when China was eager to develop its high-tech industry, Taiwan permitted, again at the right time, manufacturers of more than 7,000 items including notebook computers and other electronics to invest in China. Between 2001 and 2007 virtually all computer manufacturers from Taiwan moved their production lines to China, helping China to quickly become the world』s factory in the information industry sector. Since products made by China-based Taiwanese companies contribute to Chinese exports, China was able to quickly accumulate foreign currency assets so that its foreign reserves hit US$2.4 trillion in 2010. China is currently planning its third big leap forward, namely industrial and technological upgrading. To achieve that goal Beijing is eager to import technology-intensive industries and a modern biotech industry. Right at this time China needs a third batch of Taiwanese investment and technology to overcome its problems with industrial upgrading. That』s the reason why China and China-centric pressure groups were promoting the conclusion of an Economic Cooperation Framework Agreement (ECFA) between Taiwan and China so actively.
After the Second World War the victorious and the defeated nations were all saddled with severe destruction. Especially the totalitarian countries failed to make progress with China stagnating even longer for almost 40 years so that among the large nations China had the most backward economy. Subsequently, Taiwan kept providing China with capital and technology for nearly 20 years and even took its own customers (markets) from around the world to China. But while Taiwan contributed to the development of the Chinese economy, Taiwan itself suffered a massive outflow of capital and technology. As a result the Taiwanese economy took a heavy blow from a severe stock market weakness, an increase in bad bank loans, the emergence of a fiscal deficit, and unemployment soaring to a historic high.
Against this backdrop, the ruling Chinese Nationalist Party (KMT) government in Taiwan encountered the onslaught from the global financial crisis, which again caused negative economic growth. As Taiwan』s economic growth rate saw a single quarter contraction of almos
Taiwan is located where the world』s largest continent and its vastest ocean meet. It is surrounded by great powers such as China, Japan, Russia and the United States, while Indonesia, Malaysia, the Philippines, South Korea, Vietnam and other close neighbors are middle powers. We can say that the importance of Taiwan』s strategic position at the geographic crossroads of Northeast Asia and Southeast Asia is without parallel. Even more important, Taiwan has created an economic miracle over the past century. Before the Second World War Taiwan』s per capital national income stood at around 80 percent of Japan』s national income, which made it No. 2 in Asia in terms of economic development. After the war, from the 1970s, the Taiwanese economy entered a period of rapid growth, and has counted among the world』s top 20 economies ever since.
During the past three decades Taiwan has considerably contributed to the economic development of Southeast Asia and China. In China』s case in particular Taiwanese investment has outright acted as an engine for the Chinese economy. From the 1980s Taiwanese businesspeople began to invest in China, unconditionally transferring capital, technology, and specialists to China. Particularly after the 1989 Tian』anmen Incident, when the Chinese ecomony ground to a halt as countries around the globe slapped China with political and economic sanctions, Taiwanese capital and personnel provided timely help. As a result the dying Chinese economy was revived and China was able to become the world』s conventional industry kingdom. During the past thirty years the volume of trade between Taiwan and China has dramatically increased, almost 2,900-fold, from US$500 million in 1978 to US$145 billion in 2010.
Later on when China was eager to develop its high-tech industry, Taiwan permitted, again at the right time, manufacturers of more than 7,000 items including notebook computers and other electronics to invest in China. Between 2001 and 2007 virtually all computer manufacturers from Taiwan moved their production lines to China, helping China to quickly become the world』s factory in the information industry sector. Since products made by China-based Taiwanese companies contribute to Chinese exports, China was able to quickly accumulate foreign currency assets so that its foreign reserves hit US$2.4 trillion in 2010. China is currently planning its third big leap forward, namely industrial and technological upgrading. To achieve that goal Beijing is eager to import technology-intensive industries and a modern biotech industry. Right at this time China needs a third batch of Taiwanese investment and technology to overcome its problems with industrial upgrading. That』s the reason why China and China-centric pressure groups were promoting the conclusion of an Economic Cooperation Framework Agreement (ECFA) between Taiwan and China so actively.
After the Second World War the victorious and the defeated nations were all saddled with severe destruction. Especially the totalitarian countries failed to make progress with China stagnating even longer for almost 40 years so that among the large nations China had the most backward economy. Subsequently, Taiwan kept providing China with capital and technology for nearly 20 years and even took its own customers (markets) from around the world to China. But while Taiwan contributed to the development of the Chinese economy, Taiwan itself suffered a massive outflow of capital and technology. As a result the Taiwanese economy took a heavy blow from a severe stock market weakness, an increase in bad bank loans, the emergence of a fiscal deficit, and unemployment soaring to a historic high.
Against this backdrop, the ruling Chinese Nationalist Party (KMT) government in Taiwan encountered the onslaught from the global financial crisis, which again caused negative economic growth. As Taiwan』s economic growth rate saw a single quarter contraction of almos
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