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Taiwan was perhaps the first developing country to adopt an export-oriented trade strategy after World War II. The …. In 1954, economist S. C. Tsiang proposed that Taiwan boost export earnings rather than squeeze import spending to deal … later, a leading policymaker, K. Y. Yin, fought for the adoption of Tsiang's proposal, helping clear the way for Taiwan …
Persistent link: https://www.econbiz.de/10012629518
case studies of currency crises in Hong Kong, South Korea, Thailand, and Taiwan show that considering actors …
Persistent link: https://www.econbiz.de/10013032441
Along with the steady pace of RMB internationalization, this paper proposes Taiwan as a potential candidate to become … the next RMB offshore center. We review the main drivers behind Hong Kong's success and set the reasons why Taiwan could … follow such steps. First, Taiwan's economic ties with China are substantial both in trade and FDI and they are set to be …
Persistent link: https://www.econbiz.de/10013083189
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History shows that governments usually rethink their views on international macroeconomic cooperation after the emergence of a crisis. The response of the Asian countries after the speculative attacks occurred in 1997 may be considered as another example after the European ERM crisis in 1992-93....
Persistent link: https://www.econbiz.de/10014114963
Taiwan was the first developing country to adopt an export-oriented trade strategy after World War II. The factors …, economist S. C. Tsiang proposed that Taiwan boost export earnings rather than squeeze import spending to deal with its chronic …. Y. Yin, fought for the adoption of Tsiang’s proposal, helping clear the way for Taiwan’s phenomenal growth in trade …
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