Mon, Apr 13, 2009 - Page 8 News List

THE LIBERTY TIMES EDITORIAL: ECFA: an economic masquerade

Yiin knows very well that he cannot rely on expertise and logic to convince people that an economic pact with China is essential; by comparing himself to a stock market commentator he has unwittingly shown the public that inking an ECFA with China is nothing more than a masquerade.

In the past, stock market commentators would talk up China-related shares and thus cause investors to lose money when stocks fell. Yiin is now using similar techniques to play up an ECFA. It is unlikely that the public will fall for that trick again.

The earlier “no haste, be patient” and “effective management” policies that aimed to discourage Taiwanese companies from moving to China were not sufficient to prevent massive Taiwanese investment in China. If the government were now to sign an ECFA with China, it would be tantamount to ensuring and encouraging the hollowing-out of Taiwanese industry. Eventually, Chinese products, companies and human resources would enter the Taiwanese market. Under attack internally and externally, Taiwan’s economy would list and there would be no going back.

Therefore, the Ma government’s claim that signing an ECFA will be a stepping stone for Taiwan to resume an active role in the international community is flawed. Doing so will only increase the speed of Taiwan’s decline.

TRANSLATED BY TED YANG

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