Wed, Nov 15, 2000 - Page 1 News List

`Economist' says Taiwan's media missed the point

OVERREACTION The respected economic journal has hit back, criticizing Taiwan's media for `misinterpreting' its assessment of the nation's current economic woes

By Tsering Namgyal  /  STAFF REPORTER

But Taiwan's rather mild reaction to the report was perhaps tempered by past generosity shown to the nation by the global media, which has resisted the temptation to sweep Taiwan under the common carpet of "Asian cronyism."

The Economist itself celebrated Taiwan's economic resilience in November 1998 when it ran a survey on Taiwan, which, however, said Taiwan's success "owes more to the character of its people than to the wisdom of its government."

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