Home / Taiwan Business
Mon, Oct 15, 2001 - Page 18 News List

Liu Da-nien talks on the WTO challenge

International economics and trade policy specialist Liu Da-nien, a research fellow at the Chunghua Institute for Economic Research talked in depth with `Taipei Times' reporter Stanley Chou recently on the impact on both Taiwan and China of entry into the WTO, and offered strategic advice for the government to deal with the challenges to come

 / 

As for the administration, they should be adopting the "bird's nest strategy" (鳥巢策略) to keep the roots of corporations in Taiwan, instead of using the "bird cage strategy" (鳥籠策略) to limit Taiwanese corporations. [In other words] Taiwanese businesses should use China as a production base [to reduce production costs], and use Taiwan as a distribution and operations center.

Under this strategy the Taiwanese government should not restrict its businessmen from investing in China -- the bird cage strategy -- like the "no haste, be patient" policy. Instead, Taiwan should take the opportunity that comes with entry into the WTO to make itself a bird's nest for businessmen. [Commercial] links with China are a must for Taiwan to become an Asia-Pacific distribution and operations center. This is the only correct direction for the Taiwanese government.

This story has been viewed 3058 times.
TOP top