The Political Economy Of the Taiwan’s Free Economic Pilot Zone Program
Date Issued
2015
Date
2015
Author(s)
Sun, Her-Feng
Abstract
From a historical perspective, Taiwan’s economic policy and its periodical evolutions had generated remarkable economic performance that made itself well known as “Economic Miracle “ in past 30 years. Based on export-led growth strategy to promote development and active Cross-Straits’s trading in recent years, Taiwan has gained impressive economic growth but producing severe institutional imbalance and income disparity. Furthermore, Taiwan has been isolated from regional economic integration due to China’s political claim that Taiwan is a province of China rather than a legitimate sovereign state. In order to participate regional economic integration and to meet fierce trade competition, Taiwan Free Economic Pilot Zone (FEPZ) Program has been announced by President Ma in January 2012. The program is to provide a testing ground in which the policymaker can experiment with economic reforms to be rolled out nationwide. Meanwhile, China’s dramatic economic growth has delivered impressive welfare gains but also suffering structural imbalances so that the Shanghai Pilot Free Trade Zone (SFTZ) was launched in August 2013 which lead a structural economic reform to come. In addition to SFTZ, Tianjin, Guangdong, Fujian has been set up in March 2015. The purpose of Taiwan’s FEPZ program aims to transform Taiwan to a whole Free Trade Zone by starting a wave of liberalization of regulations but it has caused a lot of controversy then failed through legislation. This thesis is based on “historical perspective”, combing through “political and economic integration” approach, with views of “bias” and “mobilization of bias"" to analyze the factors influent policymaker’s stand while making decision, as well as to explore the political and economic caracteristics during the procedure of policy making. Such influences and interactions might be constraint or opportunity to Cross-Straits future’s cooperation. The conclusion includes 1. Taiwan’s Free Trade Zone is open to the global market. 2. The opportunity to develop new market such as Asian emerging economies to reduce dependence on single market. 3. Confront and prepare for TPP and RCEP. 4. The global economy is in transition to the Information Age led by innovation. The transition requires the rules and practices that determined success in the industrial economy which need rewriting in an interconnected, globalized economy where knowledge resources such as trade secrets and expertise are as critical as other economic resources. FEPZ could be a platform by introducing high value added services or green economic industry to attract foreign direct investment. 5.Cross-Straits free trade zones might play the role to lead a industrial reform in new decade. Policymaker should have the thinking onto prioritizing the resources and put national interest at first place. Civil society could be the third power to balance KMP and DPP party in Taiwan.
Subjects
Political economic integration
Free Economic Pilot Zone
Mobilization of Bias
Shanghai Pilot Free Trade Zone
Free Trade Agreement
FTA
Type
thesis
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