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Taiwan’s Increasingly Boxed-in Economy: Economic Performance and Democratization
Cal Clark,Alexander C. Tan 한국학술연구원 2012 Korea Observer Vol.43 No.1
Taiwan’s economic miracle of the 1950s through the 1980s is certainly coming under challenge as economic growth has slowed while inequality has increased. To some and probably a large extent, this is the inevitable result of the country’s current transformation from an industrial to an “information age” economy. We suggest, however,that some challenges that the country faces can be considered to be the “costs of success” of its past economic miracle. In this paper, we argue that these economic strains result from an “increasingly boxed-in economy” in which previous opportunities for rapid growth have been curtailed. Furthermore, Taiwan’s very successful democratization the late 1980s and early 1990s which has some-times been called a “political miracle” has seemingly exacerbated some of the economic problems.
The Paradoxes in Globalization’s Economic Empowerment of South Korea
Cal Clark 한국학중앙연구원 한국학중앙연구원 2015 Korea Journal Vol.55 No.1
From a broad perspective, South Korea’s “Miracle on the Han River” appears quite miraculous. Economically, South Korea was transformed from one of the poorest nations in the world at the end of the Korean War to a developed nation in the early twenty-first century. The growing globalization of the world economy clearly empowered South Korea as growing integration into the world economy was the centerpiece of the nation’s economic developmental strategy. Yet, Korea’s rapid growth and industrial transformation appear paradoxical in several key regards. First, an economic miracle should produce a satisfied and grateful population, but most leading politicians and the country’s leading economic and political institutions have been fairly unpopular during most of South Korea’s postwar history. Second, the South Korean experience crosscuts the normal debate in development studies, which conflates globalization and neoliberalism. Third, South Korea’s widely vaunted developmental state in the 1960s and 1970s in reality departed quite significantly from the developmental state model. Finally, South Korea’s attempts to promote its integration into the global economy during the post-developmental state period produced several sets of contradictory effects.
The Best of Times, the Worst of Times: Taiwan’s New Economic Policy under The New DPP Government
Karl Ho,Cal Clark,Alex Tan 위기관리 이론과 실천 2017 위기관리 이론과 실천 세미나발표논문집 Vol.2017 No.-
Taiwan’s economy is facing growing problems for stagnating growth and escalating inequality that call for a reset of the nation’s economic strategy. In 2016 election campaign, Tsai Ing-wen promised to reorient Taiwan’s strong economic ties with China to reduce the diplomatic leverage of a country which claimed political sovereignty over Taiwan (Clark, Ho, and Tan, 2016; Copper, 2016). That is the precursor of the DPP government’s New Southbound Policy (NSP). In this study we examine the NSP from the economic standpoint. The first section traces the decline of Taiwan’s “miracle economy” into a stagnating one; the second analyzes how political and economic events have impacted the country’s key export sector; the third provides a brief overview of the New Southbound policy; and the conclusion evaluates the potential effects of this economic reorientation.