{
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"Evan A. Feigenbaum",
"Jeremy Smith"
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Source: Getty
Taiwan is a victim of its past success—dominating important industries, such as semiconductors, but underinvesting in the new fields.
Source: National Interest
Before the coronavirus hit, Taiwan’s 2019 headline growth figures were nothing short of stellar. Its economy grew at an impressive 3.31 percent during the fourth quarter of 2019, propelling President Tsai Ing-Wen into her second term on a high note and giving Taiwan businesses a boost.
This article was originally published by the National Interest.
Vice President for Studies
Evan A. Feigenbaum is vice president for studies at the Carnegie Endowment for International Peace, where he oversees work at its offices in Washington, New Delhi, and Singapore on a dynamic region encompassing both East Asia and South Asia. He served twice as Deputy Assistant Secretary of State and advised two Secretaries of State and a former Treasury Secretary on Asia.
Jeremy Smith
Former James C. Gaither Junior Fellow, Asia Program
Jeremy Smith was a James C. Gaither Junior Fellow with the Asia Program.
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
China’s banking crisis in the 2000s was resolved by transferring the costs to households through financial repression—a decision that recapitalized the banks while exacerbating the structural imbalances that continue to shape the Chinese economy today.
Michael Pettis
Chinese biotech companies have been on the receiving end of U.S. economic coercion. Yet their responses have differed significantly because firm and state interests are not uniformly aligned. For Washington, treating all Chinese tech firms the same, irrespective of their actual interests, risks pushing them farther into Beijing’s corner.
Xue Gong
But their "principal to principal" model will only be as effective as the political strength of each leader back home.
Damien Ma
U.S. unpredictability has allowed China to capitalize on its positioning as the “responsible great power”. Paradoxically, the more China wins the perception game, the more likely expectations will rise for Beijing to deliver not just words but to demonstrate with its deeds.
Chong Ja Ian
Hanoi and Beijing have long treated each other as distant cousins rather than comrades in arms. That might be changing as both sides draw closer to hedge against uncertainty and America’s erratic behavior.
Nguyễn Khắc Giang