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Taiwan battles economic and cross-Strait tensions in 2013

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Author: Sheryn Lee, University of Pennsylvania

In 2013, Taiwan’s political and economic developments again centred on its relationship with China, and the effect of cross-Strait rapprochement on Taiwan’s domestic conditions. Yet even without China as a factor, Taiwan would still face significant challenges.

A customer looks at Christmas decorations for sale at a local store in Taipei on December 18, 2013. (Photo: AAP)

It has entered a difficult stage in its social and economic development, which has proven a tough test for President Ma Ying-jeou’s 2012 pre-election campaign promises. In 2014, Taiwan’s economic, political and strategic challenges can only increase, placing the political system under even more pressure.

For one, it is proving harder for Taiwan’s increasingly post-industrial economy to not only remain competitive in the global economy but also fulfil promises of economic revival. One of Ma’s campaign slogans was ‘6-3-3’ — 6 per cent economic growth, per capita GDP of US$30,000 and an unemployment rate below 3 per cent — none of which his administration has been able to achieve. Despite the conclusion of quasi-free trade agreements with New Zealand and Singapore, Taiwan was sidelined from major trade negotiations that could invigorate much-needed economic growth — such as the Regional Comprehensive Economic Partnership and the Trans-Pacific Partnership — due to ambiguity surrounding its statehood and continued efforts by Beijing to block Taipei’s international participation. This has also served to further increase Taiwan’s trade dependence on China.

As well, income inequality has trended upwards and the unemployment rate was higher in the past decade (averaging 4 per cent) than in the 1990s (averaging 2 per cent). Added to this, Taiwan is facing worsening demographics. With a net reproduction rate of 0.6 and a fertility rate of 1.3, the birth rate is now below the rate needed to sustain population growth. It is estimated that by 2060, the ratio between the working population and retirees will be about 3:2 — placing even greater stress on the political and social system. Consequently, Taiwan must now work to increase economic prosperity while maintaining social welfare. Mainland China, to be sure, provides Taiwan with opportunities for young people to work, but could also act as a potential boost to Taiwan’s fertility rate if Taiwanese immigration policies were to be relaxed.

However, China remains a source of insecurity for Taiwan and political leaders must balance the population’s desire for security, prosperity and welfare. This was expressed in issues such as the violent opposition in the Legislative Yuan to the proposed cross-Strait services trade agreement, prolonged negotiations on the planned exchange of offices between Beijing’s Association for Relations Across the Taiwan Straits and Taipei’s Straits Exchange Foundation, and political protests regarding the death of a military conscript and illegal wire-tapping.

The inability to adequately address these challenges has come at a high price for the Ma administration. The president’s approval rating dropped to a new low of 9.2 per cent in a 15 September poll. On the one hand, he is facing pressure from the mainland for failing to pass economic legislation. On the other hand, the opposition Democratic Progressive Party (DPP) and parts of his electorate claim cross-Strait cooperation equates to the loss of Taiwanese sovereignty. Ma’s declining popularity will mean that the opposition will pose an even greater challenge to his ruling Kuomintang Party (KMT) in the ‘seven in one’ local elections in 2014 and national elections in 2016.

Though the KMT and DPP’s stance on (re)unification with mainland China remains an important talking point, its sway on the electorate is perhaps exaggerated. Cross-Strait tensions are at an all-time low and the management of domestic concerns has become of greater significance to an increasingly wary electorate: from debate over the pension system and economic stagnation, to the construction and safety of Taiwan’s fourth nuclear power plant and the desire for military reform.

Lastly, the cross-Strait situation remains strategically volatile and stands to become more so. Taiwan’s 2013 Quadrennial Defense Review points out that greater economic cooperation has not led to greater mutual strategic trust. And in response to China’s declaration of the ‘East China Sea Air Defense Identification Zone’, the Taiwanese defence minister emphasised that the ROC Forces would stand firm to defend Taiwanese sovereignty. The situation across the Taiwan Strait combines Chinese overconfidence in the strength of the People’s Liberation Army, the geostrategic importance of Taiwan in the ‘first island chain’ of the Western Pacific, and US resolve. Taiwan’s economic and political development will thus continue to be driven by changes in the cross-Strait relationship and US policy towards the Asia Pacific.

Next year, unresolved economic and social pressures in Taiwan will play a more significant role in its domestic politics. However, this does not serve to undermine the persistent problem of how to resolve the cross-Strait dispute. Although tensions remain low, the relationship with China is, and will remain, an enduring dynamic in Taiwan’s economic and political development.

Sheryn Lee is a PhD student in Political Science at the School of Arts and Sciences, University of Pennsylvania.

This article is a part of an EAF special feature series on 2013 in review and the year ahead.

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Taiwan battles economic and cross-Strait tensions in 2013

Asean

Deadly Floods and Landslides Strike Indonesia and Thailand – Vietnam Plus

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At least seven people were killed, two others were injured and some were likely to be missing after flash floods and landslides hit the Indonesian eastern province of Maluku on the morning of August 25, according to the locality’s disaster management and mitigation office.

Heavy rainfall, which began on August 24, has triggered the disasters in Ternate city. Many local residents are in urgent need of support, authorities said.

Soldiers, police, local search and rescue personnel, disaster management staff, and volunteers are all involved in the ongoing rescue efforts, which include evacuating those trapped by the landslides and recovering materials from homes swept away by the floods.

Meanwhile in Thailand, local authorities reported that the death toll from a landslide in the popular resort province of Phuket on August 23 has risen to 13, including a Russian couple.


Source : Floods, landslides kill many in Indonesia, Thailand – Vietnam Plus

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Tug of War in Southeast Asia: Can ASEAN-China Dialogue Shift the Scales Toward Peace? – An Analysis

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The ASEAN-China dialogue is vital for regional stability, addressing economic cooperation and security challenges, particularly in the South China Sea, amidst significant geopolitical complexities and ongoing territorial disputes.


ASEAN-China Dialogue: A Path Towards Cooperation

The ASEAN-China dialogue plays a pivotal role in Southeast Asia’s diplomacy, fostering economic collaboration while addressing security challenges. Despite advances, particularly in managing tensions in the South China Sea, significant barriers remain to achieving lasting peace and stability in the region. ASEAN’s capacity to maintain its unity and centrality is crucial amidst complex power dynamics involving China and other global players.

Navigating Tensions and Economic Relations

A pressing concern within this dialogue is the South China Sea territorial disputes, which involve multiple ASEAN states and China. The militarization of the area raises alarm among regional stakeholders, necessitating urgent negotiations for a Code of Conduct (COC) to manage conflicts. Additionally, the growing economic interdependence fostered by initiatives like the Regional Comprehensive Economic Partnership (RCEP) strengthens ASEAN-China ties, yet it also raises concerns about potential political leverage influencing member states’ autonomy.

The Challenge of Regional Stability

While the ASEAN-China dialogue offers a framework for promoting peace, its effectiveness is conditioned by broader geopolitical contexts, including China’s rivalry with the United States. The success of this dialogue rests on sustaining a commitment to multilateralism and peaceful dispute resolution. As ASEAN adapts to these complex dynamics, it must reinforce its unity and cooperative strategies, ensuring the region’s stability amid evolving challenges.

Source : Tug Of War In Southeast Asia: Will ASEAN-China Dialogue Tip The Balance Towards Peace? – Analysis

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Cambodia Invites Business Leaders to Join the 21st China-ASEAN Expo in Nanning

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Cambodia invites businesspeople to the 21st China-ASEAN Expo in Nanning, promoting trade and investment with incentives like hotel coupons and networking opportunities in various sectors.


Cambodia Invites Participation in CAEXPO 2024

Cambodia is actively encouraging business leaders, investors, and service providers to participate in the upcoming 21st China-ASEAN Expo (CAEXPO), set to take place from September 24-28 in Nanning, China. According to a Ministry of Commerce announcement, CAEXPO serves as a vital platform for trade and investment collaborations between ASEAN nations and China.

To facilitate Cambodian participation, the Ministry invites interested individuals to apply as Trade Visitors by August 31, 2024. Participants will benefit from hotel coupons, dining vouchers, and shuttle services to the expo venue. Furthermore, attendees can engage in business matchmaking in sectors such as food processing, digital technology, and renewable energy products.

Kin Phea, from the Royal Academy of Cambodia, emphasized the advancements in China-ASEAN relations, particularly concerning economic cooperation, tourism, and cultural exchanges. He noted that both sides have become each other’s largest trading partners, enhancing collaboration through the Belt and Road initiative, focusing on infrastructure and sustainable development.

Source : Cambodia encourages businesspeople to partake in 21st China-ASEAN Expo in Nanning

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