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PDF(2.7mb) - 國家政策研究基金會

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What’s Wrong with Taiwan’s Economy? Impact of Globalization 51<br />

harmonious relations across the Taiwan Strait is of<br />

greatest importance. Such relations will help Taiwan<br />

businesses reallocate resources across the Strait. Taiwan’s<br />

participation in Asian economic integration as a<br />

regional resource coordinator may also be made easier.<br />

Three direct links of transportation and communication<br />

across the Strait were set in place on December<br />

15, 2008. Taiwan now has to consider concluding a<br />

trade normalization arrangement first and then a comprehensive<br />

economic cooperation agreement with China.<br />

Finally and hopefully, Taiwan may sign an arrangement<br />

with China for a Chinese common market.<br />

More importantly, it is also in the interest of the People’s<br />

Republic to convince the world that a peacefully<br />

rising China contributes to Asia’s regional stability and<br />

the consolidation of an Asian economic community.<br />

References<br />

Chen, Tain-Jy and Ying-Hua Ku, 2007, “Taiwan and<br />

East Asian Integration,” in Peter Chow (ed) Economic<br />

Integration, Democratization and National Security in<br />

East Asia: Shifting Paradigm in US, China and Taiwan<br />

Relations, Cheltenham.UK : Edward Elgar, 172-190.<br />

Chow, Peter C.Y., 2008, “On East Asian Economic Integration:<br />

Will Taiwan Be Marginalized?”, City University<br />

of New York, Manuscript.<br />

Chuang, Yih-chyi, 1999, “The Role of Human Capital<br />

in Economic Development: Evidence from Taiwan, ”<br />

Asian Economic Journal, 13, 117-144.<br />

Chuang, Yih-chyi, 1996 “Identifying the Sources of<br />

Growth in Taiwan's Manufacturing Industry,” Journal<br />

of Development Studies, 32, 445-463.<br />

Chuang, Yih-chyi and Chu-Chia Lin, (2007), “Evolution<br />

of Industrial Structure and Policy for Future Development,”<br />

Taiwan Development Perspectives 2007,<br />

National Policy Foundation, Taipei, Taiwan, 49-67.<br />

Tallman, Ellis W. and Ping Wang, 1994, “Human capital<br />

and endogenous growth: evidence from Taiwan, ”<br />

Journal of Monetary Economics, 34, 101–124.

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