The News Lens
Date: 2017/11/10
By: Martin Hiesboeck

Taiwan’s New Southbound Policy smacks of colonial arrogance and misallocates

Credit: REUTERS/Tyrone Siu

company resources. Taiwan must focus on profitable markets rather than convenient geographies.

Since the election of President Tsai Ying-wen (蔡英文) and the resumption of Democratic Progressive Party government, every layer of the administration has again adopted the “Go South” policy. I have been a critic of The New Southbound Policy (hereafter referred to as “Go South”) for many years and said so in countless interviews, as well as the article “5 Bold Steps for Taiwan’s Future”.

Since the publication of that article, Taiwan’s government has made great progress. New laws which make it easier for qualified foreigners to live, work and start companies in Taiwan go hand in hand with reforms in the health sector. Same-sex marriage is almost a reality, and much support has been given to help the development of artificial intelligence, Internet of Things (IoT), industrial internet of things (IIoT) and Industry 4.0 solutions for Taiwan’s machinery industry.    [FULL  STORY]