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One person not to blame for ROC's economic performance

President Ma Ying-jeou (馬英九) used to say that Taiwan enjoyed a high economic growth rate compared to the other Asian Tigers — a term used in reference to the highly free and developed economies of Hong Kong, Singapore, South Korea and Taiwan.

However, this remark was rebuffed by National Development Council (NDC) Minister Kuan Chung-ming (管中閔), who said that “Asian Tigers” is a term for the past. Singapore's gross national income now more than doubles that of Taiwan. South Korea is now a member of the G-20 and sponsors various world trade events. As for Hong Kong, it is riding on the back of China, and as its economy soars, while Taiwan is nowhere in sight, Kuan said.

Ma is president as well as the chairman of the Kuomintang (KMT), which enjoys a majority in the Legislature. This almost gives Ma complete control over the government of Taiwan, allowing him to launch new policies freely. However, Ma was unable to lead fellow KMT members to reach a consensus about economic policy. Many say that he should take the bulk of the blame for Taiwan's underperforming economy.

Taiwan has gradually lost its competitiveness. According to International Monetary Fund statistics, the other three Asian Tigers have a higher per capita GDP compared to that of Taiwan. In addition, Taiwan also has the highest unemployment rate.

Taiwan used to see double-digit GDP growth in the 1970s, creating “economic miracles” from the perspective of other countries. However, it is easy to see that Taiwan has started to lag behind.

February 26, 2014    carltanong@
Under President CKS and CCK, the Republic of China Taiwan’s economy grew significantly more than the other 3 tigers. But still, the great grand croc's lead his croc's to paint CKS as a villain.

But since TING KUI and CSB became president, our economy slipped down as the pockets of TING KUI and CSB grew significantly.

There is NO need to blame Ma. Those DPP and TSU croc's since 2008 have created significantly damaging effects on our economic growth for personal political gains through disturbances that created an atmosphere of uncertainty to our economy.

But Ma managed to push our economy back up again even after the world financial crisis began in 2008, the time he was elected as President.

REMEMBER FOLKS.
Dioyu was sold out by TING KUI. Not Ma.
February 26, 2014    lightcrusaderjr@
South Korea and Singapore have become more competitive by producing products and services that caters to the whole global economy. Hong-Kong has been gradually losing its competitiveness because of the constraints that China has been imposing on it and the smugness that Hong-Kong has acquired because of its cozy relationship with China. Taiwan should realize how it could survive much better under the circumstances. Blaming anyone is not the solution; becoming more competitive through products and services that are not dependent on one market is!
February 27, 2014    chenjohn2@
Politics they say is the art of the possible. But Taiwan politics has to deal with the impossible.

Who do we blame in a democracy, the leaders or the people? As the saying goes, the people in a democracy deserve the leaders they have, so we chose leaders without great visions. And we chose civic and parliamentary leaders devoted only to fattening themselves.

As for the times, yes, we are all unfortunate to be caught in the present situation, of fast changing international developments, globalization, technology and so on. Unfortunately we don't have a CCK to steer us. Yes, please believe, great leaders do affect national destinies. But we cannot see any future politicians of great vision. Prepare to suffer dear people of Taiwan. For how long more?
February 27, 2014    ludahai_twn@
When Chen Shui Bian was president, Taiwan's economic OUTPERFORMED Korea's. Now under Ma, it is underperforming. His economic policies are NOT working.
March 3, 2014    skier_rich@
Remember, from 2000-2008, Taiwan stood still as the DPP pursued independence. Their entire platform was based on it. We fell almost a decade behind the other Asian Tigers in terms of economic development, which is hard to recover from.
March 4, 2014    skier_rich@
ludahai, you are making up lies.

Korea GDP growth:
2009: 0.3%
2010: 6.3%
2011: 3.6%
2012: 2%
(Avg. 3.05%)

Taiwan GDP growth:
2009: -1.8%
2010: 10.7%
2011: 4%
2012: 1.3%
(Avg. 3.55%)

Korea 2001 - 2008 (avg) 4.4% annual GDP growth
Taiwan 2001 - 2008 (avg) 3.78 annual GDP growth

Source: International Monetary Fund (IMF)
March 5, 2014    carltanong@
@ skier_rich. 100 % COMPLETELY AGREE WITH U .

ludahai, A big LIAR.
_He always talks about marathons. But he doesn’t have any knowledge of marathon guidelines. Yet his mouth speaks evil against the Wu’s parents.
_He masks himself as pro-Taiwan. But he supported Japan’s claim of Dioayu as the rightful owner.
_etc...

ludahai is a big LIAR and a DOUBLE STANDARD.
March 6, 2014    cloggedwithguts@
ludahai_twn@ wrote:
When Chen Shui Bian was president, Taiwan's economic OUTPERFORMED Korea's. Now under Ma, it is underperforming. His economic policies are NOT working.
Man you are delusional. I hope this is a bad joke...Taiwan's economy has been in a constant decline EVER SINCE Chen took office, not to mention that South Korea's economy has outperform Taiwan's since the '90s.
March 7, 2014    pvaudin@
To give Ma his due, he has proposed and supported initiatives that can enable Taiwan to regain momentum and growth. But these have been consistently blocked and delayed by the so-called "representatives of the people mainly, it seems, on ideological grounds, although to me it looks more like complete lack of understanding. The TPP, Services pact and the Free Trade Pilot Zones are all initiatives that can benefit all of Taiwan and accelerate growth, if managed professionally. However, the so-called "leaders" appear to want to allow at the trough and be spoon fed with no effort, all the time while complaining about the bad news of their own making.
March 8, 2014    ludahai_twn@
carltanong@ wrote:
@ skier_rich. 100 % COMPLETELY AGREE WITH U .

ludahai, A big LIAR.
_He always talks about marathons. But he doesn’t have any knowledge of marathon guidelines. Yet his mouth speaks evil against the Wu’s parents.
_He masks himself as pro-Taiwan. But he supported Japan’s claim of Dioayu as the rightful owner.
_etc...

ludahai is a big LIAR and a DOUBLE STANDARD.
I don't often talk about marathons on here. YOU are the one fixated on defending the parents who allowed a FIVE-YEAR-OLD child run a marathon (42.195 km). I have far more knowledge and experience about marathons than you have. I will put up my cred on this against yours any day of the week. BTW, the CTRRA now abides by the IAAF guidelines on this topic, that being children under seventeen years old not be allowed to run marathons. This is also the standard held by the National Games as well. It is the only event that requires an athlete to be at least seventeen years old in the track and field competition.

I abide by the law, not my country or nationalism first. Looking at the treaties, the Japanese claim is stronger. I DO support Taiwan against China's illegal claims against the island, which you do not. Who is more pro Taiwan?

@Clogged:

from 2004-2008, Taiwan recorded higher year-on-year economic growth each year than South Korea did WITH lower inflation. In 2003, South Korea did record higher growth, but also with higher inflation which allowed Taiwan's net growth (GDP growth - inflation) to exceed South Koreas.
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