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Mon, Oct 01, 2001 - Page 18 News List

Navigating Taiwan's economic straits

Wu Rong-I, president of the Taiwan Institute of Economic Research and also a national policy advisor to the president, recently talked with Taipei Times staff reporter Kevin Chen about last month's Economic Development Advisory Conference, how Taiwan's WTO entry is likely to impact the country's economy and the outlook for trade relations between Taiwan and China

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TT: So how would you rate the performance of Chen's administration in managing the economy after 15 months in power?

Wu: I think the Cabinet minis-ters still need to coordinate among themselves more. As they come from different parties, they did have some problems initially in learning how to work as a team, but they have performed much better recently. Learning to work as a team takes time.

At present, the majority of the people of Taiwan support the administration regarding China-bound investment policy. But some have also warned that the DPP should be aware of the danger of loosing support, especially in southern Taiwan, if Chen's admin-istration moves forward with the new policy too fast -- which will cause unemployment to rise much higher there.

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