Taiwan was one of the few Asian economies that had emerged from the 1997-1998 East Asian financial crisis relatively unscathed. During the 2008-2009 global financial crisis, the island’s shock-absorbing capability turned out to be once more quite respectable. Taiwan inherited a relatively...

An analysis of the economic adjustment policies of Hong Kong, Singapore, South Korea, and Taiwan during the 1970s and 1980s shows that these East Asian newly industrializing countries (NICs), which faced common problems in sustaining their recent industrial growth, responded to the challenge...

How do competent bureaucracies emerge in developing countries? We examine bureaucratic reform in Korea and Taiwan and argue that in both cases political leaders had an interest in reforming the civil service to carry out their programmatic initiatives. In addition, both governments undertook...

This paper discusses the challenge imposed by the Chinese government's unprecedented amount of foreign exchange reserves. Our cost and benefit analysis reveals that political considerations are more important than economic factors. Given its choice of gradual appreciation, the Chinese government...

The US policy of supporting a democratic Taiwan while simultaneously engaging China is a delicate and complex balance, with outcomes critical to economic, security and strategic interests in Asia. At the same time, rising Taiwanese identity amid the emerging power of China continues to change...