How Taiwan and South Korea contained the spread of Covid-19 and why this matters for attracting FDI

Frank Bickenbach and Wan-Hsin Liu ()

No 142, Kiel Policy Briefs from Kiel Institute for the World Economy

Abstract: Taiwan and South Korea are generally considered to be more successful than many others in containing the spread of Covid-19. Three basic and interrelated factors have led to their success so far: efficient governance, high quality of medical research and health care, and a smart use of digital technologies. In a generalized form the same capacities - an efficient governance system, high quality research and public services and highly advanced digital skills and infrastructures - are key attributes of an adaptive and resilient business and investment environment capable of dealing with the increasing systemic and idiosyncratic societal and economic challenges in a highly globalized world. The demonstration of Taiwan's and South Korea's competence in the Covid-19 crisis should thus help them gain an advantage in attracting more FDI in the future.

Keywords: Covid-19; Taiwan; South Korea; FDI; Corona-Krise; Taiwan; Südkorea; Ausländische Direktinvestitionen (search for similar items in EconPapers)
Date: 2020
New Economics Papers: this item is included in nep-int
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Citations: View citations in EconPapers (2)

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