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How Taiwan and South Korea contained the spread of Covid-19 and why this matters for attracting FDI

Author

Listed:
  • Bickenbach, Frank
  • Liu, Wan-hsin

Abstract

Taiwan and South Korea are generally considered to be more successful than many others in containing the spread of Covid-19. Three basic and interrelated factors have led to their success so far: efficient governance, high quality of medical research and health care, and a smart use of digital technologies. In a generalized form the same capacities - an efficient governance system, high quality research and public services and highly advanced digital skills and infrastructures - are key attributes of an adaptive and resilient business and investment environment capable of dealing with the increasing systemic and idiosyncratic societal and economic challenges in a highly globalized world. The demonstration of Taiwan's and South Korea's competence in the Covid-19 crisis should thus help them gain an advantage in attracting more FDI in the future.

Suggested Citation

  • Bickenbach, Frank & Liu, Wan-hsin, 2020. "How Taiwan and South Korea contained the spread of Covid-19 and why this matters for attracting FDI," Kiel Policy Brief 142, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwkpb:142
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    Citations

    RePEc Biblio mentions

    As found on the RePEc Biblio, the curated bibliography for Economics:
    1. > Economics of Welfare > Health Economics > Economics of Pandemics > Specific pandemics > Covid-19 > Trade and Globalization

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    Cited by:

    1. Li-Fan Wu & Jennet Achyldurdyyeva & Wei-Ping Jou & Wei-Ting Foung & Bih-Shiaw Jaw, 2021. "Relief, Recovery, and Revitalization Measures for Tourism and Hospitality Industry During Covid-19 Pandemic: Case Study From Taiwan," SAGE Open, , vol. 11(3), pages 21582440211, August.
    2. Mohapatra, Biswajit & Tripathy, Sushanta & Singhal, Deepak & Saha, Rajnandini, 2022. "Significance of digital technology in manufacturing sectors: Examination of key factors during Covid-19," Research in Transportation Economics, Elsevier, vol. 93(C).

    More about this item

    Keywords

    Covid-19; Taiwan; South Korea; FDI; Corona-Krise; Taiwan; Südkorea; Ausländische Direktinvestitionen;
    All these keywords.

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