Taiwan Inc.: A home for global business
With opening remarks by Paul Wolfowitz

Video

Event Summary

The signing of the economic cooperation framework agreement with China was a major leap forward for Taiwan. However, as the authors of the just-released AEI report “Taiwan, Inc.: A home for global business” argued on Thursday, the agreement is only the first step toward making Taiwan a more active commercial hub in Asia. The authors argued that Taiwan must make a series of domestic reforms and capitalize on its comparative advantages to transform the country into a more attractive place to do business. 

AEI’s Paul Wolfowitz framed the discussion by describing Taiwan’s unique political situation and its associated challenges. Report co-authors Derek Scissors of the Heritage Foundation and Dan Blumenthal of AEI laid out a vision for a stronger and more secure Taiwan that can compete with Hong Kong, Singapore, and Tokyo to become a major commercial hub in Asia.

Scissors, Blumenthal, and Rupert Hammond-Chambers of the US-Taiwan Business Council emphasized the need for Taiwan to be proactive rather than reactive in embarking on reforms. In a marked break from the authors of the report, Mignonne Chan of the Chinese Taipei Asia-Pacific Economic Cooperation Study Center suggested that Taiwan must pursue stable and secure growth rather than rapid unilateral liberalization. 

Overall, the panelists’ differing viewpoints highlight that despite the common hope for Taiwan’s economic and international success, there is disagreement on the best path to achieving that success.
-- Lara Crouch and Samuel Eckstein

Event Description

Taiwan punches well above its weight in the global economy. With only 23 million people, it is the 23rd largest economy in the world. And it is attempting to expand its external trade, having signed the Economic Cooperation Framework Agreement with China in 2010.

Even so, Taiwan has yet to undertake crucial domestic reforms in the areas of regulation, finance, labor, and education that could launch its rise as a commercial hub in the Asian region. Following opening remarks by Ambassador Paul Wolfowitz, three co-authors of the forthcoming AEI report “Taiwan, Inc.: A Home for Global Business” — Dan Blumenthal, Derek Scissors, and Gary Schmitt — will delve into the major findings of their report. Two discussants will then offer their own perspectives on the major needs of Taiwan’s economy.

If you are unable to attend, we welcome you to watch the event live on this page. Full video will be posted within 24 hours.

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About the Author

 

Dan
Blumenthal
  • Dan Blumenthal is the director of Asian Studies at the American Enterprise Institute, where he focuses on East Asian security issues and Sino-American relations.  Mr. Blumenthal has both served in and advised the U.S. government on China issues for over a decade.  From 2001 to 2004, he served as senior director for China, Taiwan, and Mongolia at the Department of Defense.  Additionally, he served as a commissioner on the congressionally-mandated U.S.-China Economic and Security Review Commission since 2006-2012, and held the position of vice chairman in 2007.  He has also served on the Academic Advisory Board of the congressional U.S.-China Working Group. Mr. Blumenthal is the co-author of "An Awkward Embrace: The United States and China in the 21st Century" (AEI Press, November 2012).

  • Phone: 202.862.5861
    Email: dblumenthal@aei.org
  • Assistant Info

    Name: Shannon Mann
    Phone: 202-862-5911
    Email: Shannon.Mann@aei.org

 

Gary J.
Schmitt

 

Paul
Wolfowitz
  • Paul Wolfowitz spent more than three decades in public service and higher education. Most recently, he served as president of the World Bank and deputy secretary of defense. As ambassador to Indonesia, Mr. Wolfowitz became known for his advocacy of reform and political openness and for his interest in development issues, which dates back to his doctoral dissertation on water desalination in the Middle East. At AEI, Mr. Wolfowitz works on development issues.


    Follow Paul Wolfowitz on Twitter.
  • Assistant Info

    Name: Hemal Shah
    Phone: 202-862-5889
    Email: hemal.shah@aei.org

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