Taiwan-China trade rises 25.8 per cent in 2000

Ulhas Joglekar ulhasj at SPAMbom4.vsnl.net.in
Fri Mar 2 23:06:24 MST 2001


Mark Munsterhjelm:

> This is part of the accelerating integration of these two entities.
Taiwanese
> and foreign capitalists are busy pushing for direct links and already
shifting
> their operations out of Taiwan to the PRC. The predictable effects on
Taiwan are
> already starting to be felt with rising unemployment, rising suicides,
increased
> worries about the future etc. This combined with WTO accession will likely
cause
> a general decline in the standard of living for most Taiwanese as they are
> forced to compete with PRC's far cheaper labour. This begun to occur in
the past
> few years among Taiwan's working class as labour intensive industries
began
> shifting elsewhere. This is now starting to move up the social ladder as
high
> tech companies begin their exodus. However the Taiwanese elements of the
> transnational business class and their attendants will of course emerge
> wealthier as shown in Taiwan rapidly increasing income inequality.

Taiwan's trade surplus with China would normally produce growth and
employment in Taiwan. Is this not large enough to compensate for the loss of
labour intensive industries to China?

Ulhas







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