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2011年11月19日 星期六

Taiwan's economic situation before the 2012 oncoming President's election

Taiwan's government has owed around 5,000 billion NT dollars, though most are not borrowed from foreigners. However, the tax rates are lowering, the costs of social welfare are increasing. Over the past ten years, the substabntial average income of per national almost remains the same, while, the prices of goods and services are still raising. The worst point is that during President Ma's first term, we only completed one FTA ' Framework ' with China plus early harvest clause. Basically, none of the sub-substantial trade agreements relating to trade, service, or investment can be done with China before the end of Ma's first term.


How can Taiwan keep going? Do we really learn anything from Greece, Italy, and Spain? Interests groups and NGOs are dividing and they never think about Taiwan's overall situation. It is no doubt that politicians are captured by votes. Some may say Ma can do more during his secoind term of President, if he can win the election. But I really doubt.

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