Wednesday, September 11, 2013

Ways out of ongoing economic malaise

Amidst intensifying competition in the Asia-Pacific region, particularly from China and Korea, pressure is mounting on Taiwan to pursue market diversification and industrial transformation.

* Given the volatility of an inter-connected world market, it has become an inevitable macroeconomic risk during global economic cycles, particularly for tech-products that Taiwan is known for. This tech bias has, in turn, made policy changes necessary and unavoidable.

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