Taiwan’s New Southbound Policy and the Cross-Strait Relations

Neszmélyi, György Iván

doi:10.24307/psz.2020.0721

Cited by 4 publications

(7 citation statements)

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“…Recently, a Taiwanese divestment happened from the PRC, partly due to Taiwanese fears concerning the possible implications of a trade war between the USA and the People's Republic of China. However, this huge amount of capital was not invested in Taiwan to create new jobs and develop new, high value-added industries, rather, it flows to Southeast Asia, focusing on the low-cost labor-intensive manufacturing sectors (Neszmélyi, 2020). Investors, with the active assistance from the government, channel FDI towards these more lucrative sectors in the Southeast and South Asian regions.…”

Section: Thriving Economic Relations Across the Straitmentioning

confidence: 99%

The State of the Cross-Strait Affairs

Szilágyi¹

2022

OBIC Book Series

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Taiwan and the People’s Republic of China (PRC) have evolving economic relations, but Beijing’s One-China policy, growing global economic and political weight and leverage on its Asian partners have recently raised questions whether the near future brings peaceful reunification or a military operation. This paper aims to analyze the complexities of the most recent developments of the cross-strait relations, including the political positions and economic interests of the most relevant actors in Asia, Japan and South Korea, and Taiwan’s largest global partner interested in containing the rise of China, the United States. Based on a secondary research methodology involving a range of international literature we seek to find similarities and differences in Taiwan’s relations with Seoul and Tokyo, and analyze the level of their possible involvement if Beijing resorts to more assertive moves towards reunification. Recent changes in the PRC’s and the United States’ bilateral and international positions as well as the political stance of the current leadership in Taipei give the topic a specific relevance.

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Section: Thriving Economic Relations Across the Straitmentioning

confidence: 99%

The State of the Cross-Strait Affairs

Szilágyi¹

2022

OBIC Book Series

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“…This was the so called "New Southbound Policy". György Neszmélyi, Professor of the Budapest Business School, University of Applied Sciences, wrote a very good paper on this topic and of other characteristics of the Taiwanese economy (Neszmélyi, 2020).…”

Section: Taiwan In the System Of Hyper-globalizationmentioning

confidence: 99%

“…During the last 30 years, Taiwan, the ROC, and Mainland China, the PRC, had strong economic ties, but the Tsai Ing-wen government tried to loosen these relations just in order to reduce the copying of Taiwanese products by the PRC's companies. That is why the New Southbound Policy initiative was introduced with the aim of redirecting the international economic relations of Taiwan to a new geographical area (Neszmélyi, 2020). Eighteen countries are targeted by the New Southbound Policy: Thailand, Indonesia, the Philippines, Malaysia, Singapore, Brunei, Vietnam, Myanmar, Cambodia, Laos, India, Pakistan, Bangladesh, Nepal, Sri Lanka, Bhutan, Australia, and New Zealand.…”

Section: The New Southbound Policy Initiative After 2019mentioning

confidence: 99%

Taiwan’s Trade and Investments in the Hyper-Globalized World, its Participation in the Activities of the World Trade Organization (WTO) and in other International Organizations

Árva¹

2022

OBIC Book Series

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Economic development of Taiwan (Republic of China, ROC) has largely based during the last 60 years on Export Oriented Development Model, though its forms developed deeply during the last decades. At the same time, diplomatic isolation makes Taiwan unable to receive and hold full-fledged membership in international organizations or to join international agreements. A peculiar exception is the World Trade Organization (WTO), which Taiwan could join using a special name of “Separate Customs Territory of Taiwan, Penghu, Kinmen, and Matsu (Chinese Taipei)” which was not objected by the People’s Republic of China, PRC (Mainland China). However, Taiwan still has difficulties when trying to benefit from its membership in other international organizations. But today, in the time of hyper-globalization, foreign direct investments (FDIs) are getting increasingly important and international commerce is getting to be more and more negligeable, the WTO membership is not as important as it used to be some years or decades ago. Today, OECD is perhaps more important, therefore, Taiwan should focus on this organization in the future. However, as memberships of Taiwan in the international organizations were influenced mainly by political factors, it is also possible that new diplomatic, political and military developments might change the international atmosphere, and especially in the time of increasing tensions between the USA and the European Union on one hand, and the People’s Republic of China and Russia on the other, in the near future, Taiwan might return again to some of these international organizations.

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“…Real salary has stagnated for almost 20 years because of the imbalance of income distribution, not from the lack of economic growth. Therefore, young generation in Taiwan faces elementary problems establishing families because of the increasing gap between the growing real estate prices and the stagnating salaries [Neszmélyi, 2020]. The excessive outflow of Taiwanese FDIestablishing new jobs rather abroad than in Taiwan does not seem to solve this problem, moreover does not help to turn back the brain-drain process as well.…”

Section: Challenges Of Taiwanese Economy and Societymentioning

confidence: 99%

“…Taiwanese capital nowadays flows rather to (Mainland) China and ASEAN countries and other partner countries of the so-called New Southbound Policy and in a lesser extent into the Taiwanese manufacturing or services sectors, which results in the scarcity of jobs and preserves the relatively high but permanently stable wage level [Neszmélyi, 2020]. Stringent wages tend to freeze domestic savings as well [Sági, Sóvágó, 2002], which may, in turn, influence market agents in their investments [Sági, 2007].…”

Section: Transaction Tablementioning

confidence: 99%

Role of the Retail Sector in Taiwanese Economy

Kozák¹,

Király²,

Nagy³

et al. 2020

Reg. ekon. Yug Ross.

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The government-guided establishment and incubation of the retail sector in Taiwan has achieved striking success and generated high consumption. This success was even more striking because when the increase of consumption began, the country had not enough retail shopping centers and it was to accept some foreign retail investments. Originally there were no Taiwanese retail firms with deep technological roots and managerial skills. Yet government decision-makers recognized the challenges of upgrading the nation’s economy basing and formulating a strategy that entailed the creation of high-level economic growth which serve as vehicles to stimulate the consumption. Beyond a comprehensive review on Taiwan’s retail sector, the main objective is to analyse the role and the influence of the sector in the Taiwanese macroeconomy. The first issue is getting a picture in Asia (special in Asia – Pacific region) of retail trends. To examine this issue, the authors have done some comparisons between Asia and Europe and apart from the obvious similarities, number of significant differences have been found. The research objective is to provide an effective introduction to the business context of consumption in Taiwan.

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Taiwan’s New Southbound Policy and the Cross-Strait Relations

Cited by 4 publications

References 0 publications

The State of the Cross-Strait Affairs

The State of the Cross-Strait Affairs

Taiwan’s Trade and Investments in the Hyper-Globalized World, its Participation in the Activities of the World Trade Organization (WTO) and in other International Organizations

Role of the Retail Sector in Taiwanese Economy

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