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Editorial: Breaking the Vicious Circle? |
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Breaking the Vicious Circle?
Previous comments in this space have several times taken issue with the positions of the Taiwan Solidarity Union, the junior partner in the pan-green alliance, for its deep-seated suspicion of any policy proposals tending to increase economic interchange across the Taiwan Strait. Those differences of opinion remain. Yet the TSU is to be respected for at least having staked out a clear-cut stance on some major economic issues, which Taiwan's other political parties have done all too rarely.
The announcement by the TSU's new chairman shortly before the Chinese New Year that the party has now adopted a new overall economic orientation - defining itself as a "center-left" party - is a further indication that the party is willing to grapple with some substantive issues that in Taiwan generally do not receive the attention they deserve. It is immaterial that the repositioning was undoubtedly sparked by fears that, unless it can revitalize itself by appealing to a broader set of supporters, the party may soon face obliteration as a result of the recent electoral reforms favoring larger parties.
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Commentary: The Great Disconnect |
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The Great Disconnect
BY RICHARD R. VUYLSTEKE
In mid-January, CommonWealth magazine, one of Taiwan's best economic periodicals, published its "2007 State of the Nation Survey" with enough evidence to suggest that leaders across the political spectrum are sorely out of touch with the priorities of their constituents. While potential candidates for the 2008 presidential election and their respective parties continue to focus on identity issues and scandal-mongering, a substantial portion of the populace (see Figure 1 below) believes that Taiwan's biggest crisis is the fighting between political camps and their willingness to resort to any means necessary to achieve their ends. "A common sentiment," the report states, "is that Taiwan's partisan politics is based on negative competition, with both major political parties harping on the negative aspects of the other." The second biggest crisis, according to the survey, is sluggish economic development and a widening wealth gap. To many observers, the second crisis is a direct result of the first. The full survey and analysis, bolstered with 19 charts, is available on the magazine's English-language website [www.cw.com.tw/english/].
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BY Jane Rickards
MACROECONOMICS
CROSS-STRAIT
A SECOND CHANCE THAT TAIWAN MAY GET PANDAS
DIRECT FLIGHTS NOW ROUTINE AT NEW YEAR
DOMESTIC
DESPITE INDICTMENT, MA DECLARES HIS CANDIDACY
DPP'S FOUR STARS ALL RUNNING FOR PRESIDENT
WHAT'S IN A NAME?
LABOR PENSION FUND COMMISSION okayed
INTERNATIONAL
U.S. STATE DEPARTMENT RAISES CONCERNS
BUSINESS
FORMOSA PLASTICS IN TALKS WITH BEIJING
TEXTILE PRODUCTION VALUE SHRINKS
AIRLINES FEEL PINCH FROM HIGH SPEED RAIL
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* When Banks Have to Jump Through Hoops - By Don Shapiro
* When an FTA Isn't Immediately Possible - By Don Shapiro
* Protecting Kids from English - By Jane Rickards
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Taiwan's flat-panel display industry last year increased sales by nearly 30% to make good on its "trillion (NT) dollar" billing. But in a volatile market that demands continuing high capital investment, profits have not been as easy to register as revenue growth.
BY PHILIP LIU
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