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Overcoming the Barrier to Cross-Strait Trade to Advance Taiwan's Economic Growth

Author

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  • Cheng-Wen Lee
  • Mao-Wen Fu

Abstract

The purpose of this research is to present a comprehensive framework for studying and finding a solution to the cross-strait dilemma between China and Taiwan, which goes beyond the political aspect. China has become a global economic powerhouse, significantly affecting trade throughout the Asia-Pacific region and beyond. Taiwan has become increasingly dependent on China for its economic growth, with 40% of our reliance on the mainland. However, recent political changes and opposition to China have led to strained relations, which are now impacting our exports. To ensure the well-being and interests of the Taiwanese people, our leaders need to recognize the current situation and adjust our national strategy accordingly. Our focus should be on stabilizing cross-strait relations, promoting economic and trade cooperation, and working towards a mutually beneficial partnership based on equality, cooperation, and trust. The most important thing is to prioritize the Taiwanese people's welfare and create a strategic plan that benefits both. Â JEL classification numbers: D72, F10, F17.

Suggested Citation

  • Cheng-Wen Lee & Mao-Wen Fu, 2024. "Overcoming the Barrier to Cross-Strait Trade to Advance Taiwan's Economic Growth," Advances in Management and Applied Economics, SCIENPRESS Ltd, vol. 14(5), pages 1-4.
  • Handle: RePEc:spt:admaec:v:14:y:2024:i:5:f:14_5_4
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    More about this item

    Keywords

    Mutual Trust; Mutual Benefit; Equality; Cooperation; Relationships.;
    All these keywords.

    JEL classification:

    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • F10 - International Economics - - Trade - - - General
    • F17 - International Economics - - Trade - - - Trade Forecasting and Simulation

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