Date: 08 July 2019
By: Justin Ong
To that end, the small island-state is making a case with its “New Southbound Policy”, a reboot of a previous strategy to expand its regional influence via foreign direct investments in the Asean region.
Introduced after Tsai Ing-Wen won the country’s 2016 presidential election, it is a re-envisioning of the earlier approach, this time with a strong emphasis on dialogue and soft power to fill the gaps where investments alone cannot.
The success of the NSP is crucial for Taiwan due to China’s Belt-Road Initiative, which brings with it funding and financial sweeteners that the tiny nation cannot match. [FULL STORY]