Overcoming the Barrier to Cross-Strait Trade to Advance Taiwan's Economic Growth

Cheng-Wen Lee and Mao-Wen Fu

Advances in Management and Applied Economics, 2024, vol. 14, issue 5, 4

Abstract: The purpose of this research is to present a comprehensive framework for studying and finding a solution to the cross-strait dilemma between China and Taiwan, which goes beyond the political aspect. China has become a global economic powerhouse, significantly affecting trade throughout the Asia-Pacific region and beyond. Taiwan has become increasingly dependent on China for its economic growth, with 40% of our reliance on the mainland. However, recent political changes and opposition to China have led to strained relations, which are now impacting our exports. To ensure the well-being and interests of the Taiwanese people, our leaders need to recognize the current situation and adjust our national strategy accordingly. Our focus should be on stabilizing cross-strait relations, promoting economic and trade cooperation, and working towards a mutually beneficial partnership based on equality, cooperation, and trust. The most important thing is to prioritize the Taiwanese people's welfare and create a strategic plan that benefits both. Â JEL classification numbers: D72, F10, F17.

Keywords: Mutual Trust; Mutual Benefit; Equality; Cooperation; Relationships. (search for similar items in EconPapers)
Date: 2024
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