EconPapers    
Economics at your fingertips  
 

TAIWAN'S ROLE IN THE ECONOMIC ARCHITECTURE OF EAST ASIA AND THE PACIFIC

Peter Drysdale () and Xinpeng Xu ()

Trade Working Papers from East Asian Bureau of Economic Research

Abstract: The accession of both China and Taiwan to the World Trade Organization (WTO) had important implications for relations across the Taiwan Strait and Taiwans position in the regional economy although it did not fundamentally change trade policies by either side towards the other. Accession strengthened Chinas position in the world economy and the momentum of economic reform. Chinas weight and importance in the regional and world economies has increased greatly. With the shift to regionalism and bilateral free trade agreements in East Asia and the Pacific, and Chinas new freedom to join this game, Taiwan has become even more isolated diplomatically. Moreover, despite WTO accession, Taiwan maintains discrimination in its trade policy against key imports from the mainland. This damages Taiwanese trade and economic performance by truncating the capacity of the economy to generate higher value added in Taiwan on the base of Chinas low-cost processing capacity. Because of these restrictions, Taiwan under-utilises trade potential with China and with the world at large compared with other economies in the region such as South Korea. The best strategy for Taiwan is to go global, promoting multilateral liberalisation globally and regionally as a deliberate strategy to strengthen and re-balance economic relations with the mainland.

Keywords: Taiwan; East Asia; Pacific; liberalisation; World Trade Organization; WTO (search for similar items in EconPapers)
JEL-codes: F14 F15 F36 (search for similar items in EconPapers)
Date: 2004-01
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4) Track citations by RSS feed

Downloads: (external link)
http://www.eaber.org/node/22865 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.eaber.org/node/22865 [301 Moved Permanently]--> https://www.eaber.org/node/22865 [301 Moved Permanently]--> https://eaber.org/node/22865)

Related works:
Chapter: Taiwan's Role in the Economic Architecture of East Asia and the Pacific (2007) Downloads
Working Paper: Taiwan's Role in the Economic Architecture of East Asia and the Pacific (2004) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eab:tradew:22865

Access Statistics for this paper

More papers in Trade Working Papers from East Asian Bureau of Economic Research Contact information at EDIRC.
Bibliographic data for series maintained by Shiro Armstrong ().

 
Page updated 2021-09-18
Handle: RePEc:eab:tradew:22865