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|Other Titles:||Create Cross-strait Economic and Trade Development: Cross-strait Common Market|
global financial crisis;Asian financial storm;cross-strait common market;cross-strait relations;economic liberalization
|Issue Date:||2016-05-03 16:31:23 (UTC+8)|
Given the rapid development of China in the 21st century, the nation has become the center of Asian economies and one of the largest in the world. Over the past 30 years, the development of cross-strait economic and trade has formed an indivisible interactive relationship between China and Taiwan. The latter’s economic benefit is connected with China and it cannot afford to lose the business opportunities in that market. Although Taiwan was able to emerge unscathed from the Asian financial storm in1997, it was constricted by closed government policies. As a result, it has been in an inferior position among the Four Dragons since 2002. After President Ma Ying-jeou took office in May 2008, Taiwan has transformed from preventive economic thinking to one that adopts opening and liberalizing economic policies. Taiwan and China’s economic development has entered a new phase. However, the global financial turmoil in 2008 has no doubt added insult to injury since the nation is already entering a recession. How should Taiwan respond to this challenge? The key to the problem – establish a cross-strait common market, which will represent the important opportunity for parties across the strait to “peacefully develop and co-survive with mutual benefits.” Also, through the creation of a common market, a high road to future prospects and globalization strategies could be designed.
Chinese journal of administration
|Appears in Collections:||[中國行政] 期刊論文|
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