Economic and social factors in Taiwan’s competitiveness with special focus on the taiwan-EU trade relations

Szerzők

  • György Iván Neszmélyi Budapest Business School, University of Applied Sciences

DOI:

https://doi.org/10.18531/Studia.Mundi.2019.06.01.165-179

Kulcsszavak:

Taiwan, competitiveness, European Union, economic development

Absztrakt

The main question of this study is the present and future challenges that influence Taiwan’s development and competitiveness. From among these traits the issue of the high exposition (especially in terms of FDI) and growing dependence on mainland China (the People’s Republic of China), the need for a shift in terms of the main drivers of the future economic development and to mitigate the risks of brain drain and social unrest. Taiwan needs to give up insisting to the principle of low labour costs, and this may give impetus to the two-decades long salary stagnation and to the domestic consumption. Taiwan can be competitive by increasing its focus to the domestic R&D and innovation in the new industries and also puts more emphasis on sustainability. It may give Taiwanese economy a chance to remain competitive and successful. The study gives a brief overview on the main characteristics and figures of the Taiwan-EU economic and trade relationship from which it can well be seen that while in a 10 years period (2004-2015) the European exports to Taiwan grew by around 50 % in value, Taiwanese exports to the EU countries more or less remains stagnant during the same period. It illustrates and emphasizes the fact that Taiwanese economy needs stimulus to regain its competitiveness. Within the frames of the Taiwan-EU economic relations the paper gives a brief insight into the Hungaro-Taiwanese trade issues too.

 

Információk a szerzőről

  • György Iván Neszmélyi , Budapest Business School, University of Applied Sciences

    associate professor
    E-mail: neszmelyi.gyorgy@uni-bge.hu

Hivatkozások

Bradner, E. (2017): Trump's TPP withdrawal: 5 things to know CNN Politics, January 23, 2017 http://edition.cnn.com/2017/01/23/politics/trump-tpp-things-to-know/ - Accessed: 11- 04-2017

Chang, C-C. (2015): Restrictive Stance on Reciprocal Flows from China Hinders Taiwan’s Global Trade Participation In: Taiwan Development Perspectives 2015, National Policy Foundation, Taipei, 251 p. ISBN: 978-986-7745-62-0 pp. 143-153

Chen, P. (2016): Lessons from Taiwan’s Economic Development Orbis, FPRI’s Journal of World Affairs Volume 60, Number 4, Fall 2016, pp. 515- 530

Chow, P. C.Y. (2016): Taiwan in International Economic Relations Orbis, FPRI’s Journal of World Affairs Volume 60, Number 4, Fall 2016, pp. 531- 549

Engelberth, I. – Sági, J. (2017): Az Új selyemút kezdeményezés szerepe, céljai (The Role and Goals of the New Silk Road Initiative) Külügyi Szemle (Foreign Policy Review)16:(3) pp. 85-104. (2017) https://kki.hu/assets/upload/05_Engelberth-Sagi.pdf

Erdeiné Késmárki-Gally, Sz. (2018): A munkaerő-kölcsönzés helyzete és kihívásai Magyarországon. (Situation and challenges of temporary agency work in Hungary) Multidiszciplináris Kihívások, Sokszínű Válaszok: BGE Budapest, 3 pp. 4-23. http://epa.oszk.hu/03400/03448/00015/pdf/EPA03448_multidiszciplinaris_2018_3.p df

Sági J. - Engelberth I. (2018a): The Belt and Road Initiative – a Way Forward to China’s Expansion Contemporary Chinese Political Economy and Strategic Relations 4:(1) pp. 9-37. (2018)

Sági J. - Engelberth I. (2018b): Regional Development and Well-Being of Regions in Hungary Polgári Szemle (Civic Review), Vol. 14, Special Issue, 2018, 184-194, DOI: 10.24307/psz.2018.0412 (Special issue) pp. 184-174. (2018)

Horváth, B. – Magda, R. (2018): The relations of unemployment rate and inflation in the European Union Vadyba Journal of Management 2018, No. 1 (32), ISSN 1648-7974; 9-20 pp

Hsu, Y-H. (2015): Revisiting „Who Steal our Jobs” – Youth Employment and Its Policy Response in Taiwan In: Taiwan Development Perspectives 2015 National Policy Foundation, Taipei, 251 p. ISBN: 978-986-7745-62-0. pp.243-251. Journal of Development Economics 49 (1996) pp. 392-394

Káposzta, J. – Tóth, T. – Singh, M. K. (2008): Perspectives on regional economic development policy and strategy. In: C Can, A.- Ozkan, D. (eds.): Management and Behaviour in Organizations. Volume 2: Selected Proceedings of the First International Conference on Social Sciences. 9 p

Lőrincz, D. (2017): 2016. évi magyar-tajvani külkereskedelmi statisztika (Hungaro Taiwanese Foreign Trade Statistics). Information of Hungarian Trade Office in Taipei, 2017, 1 p

Tóth, T. (2008): Applying Methods and Processes Used in Regional Planning and Analysis to Regional, Rural and Small Area Development. In: Peter, B.-Bogdan, K Sergii, K. (eds.) Agricultural Market and Trade: Evidence and Perspective of V4 Region and its Neighbour – Ukraine. 157 p

Tóth, T. – Goda, P. – Malomsoki, M. (2009): A fenntarthatóság elemei a terület- és vidékfejlesztésben (The factors of sustainability in the spatial and rural development) In: Orosz Z, Szabó V, Fazekas I (eds.) Környezettudatos energiatermelés és - felhasználás (Environment-conscious power generation and use): Conference “Környezet és Energia” (Environment and Energy), 316 p. ISBN 978-963-7064-20-3; 292-297 pp

Wang, J-C (2015): Prospects and Challenges for Taiwan’s Economy in 2005 In: Taiwan Development Perspectives 2015 National Policy Foundation, Taipei, 251 p. ISBN: 978-986-7745-62-0, pp. 137-142.

Zéman, Z. (2016): Új lendületben a gazdaságtudomány (Economics on New Growing Way) Polgári Szemle (Civic Review), Vol 12, August, 2016, No 1-3. https://polgariszemle.hu/archivum/104-2016-augusztus-12-evfolyam-1-3-szam/gazdasagpolitika/748-uj-lendueletben-a-gazdasagtudomany

The author’s personal interviews

Cheng, C. (2017): The author’s personal discussion and interview with Dr. Claire Cheng, sociologist, founder and director of Cloud Global Education, Taipei, 1st April 2017

Chou, C-C. (2017): The author’s personal discussion and interview with Dr. Chelsea Chia-Chen Chou Ph.D., sociologist, Assistant Professor of the Graduate Institute of National Development of National University of Taiwan, Taipei, 31th March, 2017

Füle, J. (2017): The author’s personal discussion and interview with Mr. János Füle, Vice President of Chi Fu European Trading Co. Ltd, former Investment and Trade Director of the Hungarian Trade Office in Taipei, 10th May, 2017

Lin, M-J. (2017): The author’s personal discussion and interview with Prof. Lin, Ming Jen Ph.D., Professor & Chairman of Economics of National University of Taiwan, Taipei, 31th March, 2017.

Lőrincz, D. (2017b): The author’s personal discussions and interviews with Mr. Dániel, Lőrincz, Investment and Trade Director of the Hungarian Trade Office in Taipei, 26th March 2017; 04th May, 2017, 10th May, 2017.

CIA (2017) - The World Factbook (Information and database on Taiwan and South Korea) Central Intelligence Agency (CIA), USA Studia Mundi - Economica Vol. 6. No. 1.(2019) 179 https://www.cia.gov/library/publications/the-world-factbook/geos/tw.html

Letöltések

Megjelent

2019-03-28

Hasonló cikkek

1-10 a 232-ból/ből

You may also Haladó hasonlósági keresés indítása for this article.