The impact of global financial crises on the family in Taiwan
Journal
Contemporary Social Issues in East Asian Societies: Examining the Spectrum of Public and Private Spheres
Pages
60-75
ISBN
9781466650329; 1466650311; 9781466650312
Date Issued
2014
Author(s)
Wang L.-R., Chen F.-L.
Abstract
Family plays an unusually important role in Taiwanese society, and this chapter analyzes the consequences of global financial crises on the family in Taiwan. With its Export-Oriented economy, Taiwan is vulnerable to global vacillations. In the periods from 1997 to 2004 and from 2008 to the 2009, Taiwan experienced mass unemployment and family suffering. This chapter deals with the effects of the economic recession on family finances and family attitudes involved. The study shows how the anxiety affected the willingness of people to have children and/or support their parents. Furthermore, the victims of financial crises had a greater awareness of the necessity of providing intergenerational support, but they also wanted to have fewer children. The data clearly presents that economic hardship changes the traditional generational contract as well.
SDGs
Publisher
IGI Global
Type
book part