"As warmer ties with former civil-war foe China encourage an exodus of factories to the lower-cost mainland, Taiwan’s failure to develop new growth industries has caused it to fall behind Singapore and Hong Kong. That has bolstered opposition claims that the economic embrace with China championed by President Ma Ying-jeou has hurt workers. He is running neck-and-neck with opposition leader Tsai Ing-wen ahead of the January election.
“Taiwan has done too little, too late,” said Chu Wan-wen, a research fellow in Taipei at government-funded institute Academia Sinica and author of “Globalization and the Taiwan Economy.” “Taiwan’s competence in the service sector is quite limited because it opened up the sector too late”............................READ MORE
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