After enjoying rapid growth in 2004—about 5.71%—the Taiwanese economy's growth rate once again slowed through 2005, finishing the year about 4% growth. Two especially important and interrelated factors led to this outcome: a decline in exports and a surge in oil prices. Given that oil prices change exogenously, and that the structure of the Taiwanese economy has not fully adjusted to this and other challenges, the economy is expected to grow slowly, but steadily, in coming years.
Analysis of Current Conditions and Future Prospects of the Taiwanese Economy(4,337 words)
Cite this pageZhang, Guanhua, “Analysis of Current Conditions and Future Prospects of the Taiwanese Economy”, in: Chinese Research Perspectives Online, Edited by: International Advisory Board Chinese Research Perspectives Online. Consulted online on 31 March 2017 <http://dx.doi.org/10.1163/2213-6002_crpn_C9789004156388_031>
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