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The World Financial Crisis: Impacts on GDP and International Trade in Taiwan

In: Crisis Management - Theory and Practice

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  • Jean-Pierre Himpler

Abstract

Today's financial markets are--due to globalisation--more interlinked than ever before. The US-based subprime mortgage crisis 2007-2009 is therefore developed to a global crisis. This study aims to investigate the effects of that crisis on Taiwan, focusing specifically on GDP and Taiwan's international trade. Analysis results in GDP to have practically fully recovered to precrisis levels. Taiwan's international trade is stagnating in the postcrisis era. Investigations have further shown that Taiwan is becoming more dependent on China, a trend that was fuelled by the crisis.

Suggested Citation

  • Jean-Pierre Himpler, 2018. "The World Financial Crisis: Impacts on GDP and International Trade in Taiwan," Chapters, in: Katarina Holla & Jozef Ristvej & Michal Titko (ed.), Crisis Management - Theory and Practice, IntechOpen.
    • Handle: RePEc:ito:pchaps:144488
    DOI: 10.5772/intechopen.74536
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    References listed on IDEAS

    as
    1. Moritz Schularick & Alan M. Taylor, 2012. "Credit Booms Gone Bust: Monetary Policy, Leverage Cycles, and Financial Crises, 1870-2008," American Economic Review, American Economic Association, vol. 102(2), pages 1029-1061, April.
    2. Mohamed Ali Trabelsi, 2011. "The impact of the financial crisis on the global economy: can the Islamic financial system help?," Journal of Risk Finance, Emerald Group Publishing, vol. 12(1), pages 15-25, January.
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    More about this item

    Keywords

    Taiwan; world financial crisis; PRC-ROC relationship;
    All these keywords.

    JEL classification:

    • H84 - Public Economics - - Miscellaneous Issues - - - Disaster Aid

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