THE RIGHT STUFF:Yuanta-Polaris Research Institute president Liang Kuo-yuan said Taiwan needs radical innovation and the right people to spearhead industrial reform

Taipei Times
Date: Dec 29, 2016
By: Crystal Hsu / Staff reporter
The nation’s economy might continue at a slow pace of expansion next year, with GDP set for a 1.8 percent increase as structural constraints limit growth, the Yuanta-Polaris Research Institute (元大寶華綜經院) said yesterday.

The projection came after the Taipei-based think tank raised its growth forecast for this year to 1.37 percent, compared with a projection of 1.1 percent in September, on the back of improving external demand.

“While key barometers have showed positive movements, the economy remains mired in small growth… It would take an industrial policy that encourages radical innovation with cooperation from the private sector to cast off the pattern,” institute president Liang Kuo-yuan (梁國源) said at a news conference.

The Democratic Progressive Party government has introduced a series of measures to help the private sector expand and diversify its markets, moving from a focus on China to Southeast and South Asian nations.    [FULL  STORY]