GLOBAL PARTICIPATION:Taiwan cannot afford to be marginalized and must seek to join trade blocs such as the US-led Trans-Pacific Partnership, an economist said
Date: Jan 17, 2016
By: Crystal Hsu / Staff reporter
After winning the presidency by a landslide yesterday, Democratic
Progressive Party (DPP) president-elect Tsai Ing-wen (蔡英文) next has to overcome a tougher challenge — fixing the nation’s anemic economy, worsening income disparities and dimming job opportunities, especially for young people, economists said.
GDP growth averaged 2.5 percent in President Ma Ying-jeou’s (馬英九) second term and looks softer going forward, with the world mired in “the new mediocre” and China entering the “new normal.”
“Tsai must put together a competent team and shift the capital-intensive economy to a one driven by knowledge,” Yuanta-Polaris Research Institute (元大寶華研究院) chairman Liang Kuo-yuan (梁國源) said. [FULL STORY]