Taiwan’s Continued Success Requires Economic Diversification of Products and Markets
Brookings Institution
March 16, 2021
Read Shirley's latest article for the Taiwan-U.S. Quarterly Analysis series by Brookings experts: “With COVID-19 effectively contained and economic activity uninterrupted, Taiwan’s economy grew over 3% last year … In short, Taiwan has become a poster child for economic resilience and good public health. But what has been a success story so far may be only a fine line away from calamity because of Taiwan’s overreliance on China and its relatively weak connections with the rest of the world.”
She argues that concentration on the technology sector and the Chinese market poses risks, and spells out domestic reforms Taiwan should undertake.