The Implications of China-Taiwan Economic Liberalization

by Rosen, Daniel H.

• ISBN13: 9780881325010
• ISBN10: 0881325015
• Format: Paperback
• Copyright: 2010-06-30
• Publisher: Peterson Inst for Intl Economics

Summary

Over the past half decade the prospect of significant economic liberalization has entered the public discourse in Taiwan and China. For the first time, both nations contemplate the possibility of essentially unlimited economic relations. Rosen and Wang provide a much-needed investigation of the implications of geo-economic and strategic economic deepening across the Taiwan Strait and make key policy recommendations that address greater integration.First, this book evaluates the economic and political benefits of China-Taiwan rapprochement. Rosen and Wang begin by surveying current cross-strait relations to assess the consequences of maintaining the status quo, particularly for the Taiwanese economy. The authors then explain why economic liberalization will boost the Taiwanese economy. Rosen and Wang conclude that liberalization presents a valuable opportunity for the most prominent players in this cross-strait relationship as well as other economies in the region.

Author Biography

Daniel H. Rosen, visiting fellow at the Peterson Institute for International Economics, is a principal at the Rhodium Group, a New York-based research firm. He is also an adjunct professor at Columbia University's School of International and Public Affairs (2001-present). Rosen was a member of the National Economic Council staff (2000-01), where he served as senior adviser for international economic policy. His work has focused on the economic development of East Asia, particularly greater China, and US economic relations with the region. Other areas of research include energy, agriculture and commodities, trade and environment linkages, and economic transitions and competitiveness. He is author or coauthor of Prospects for a US-Taiwan Free Trade Agreement (2004), Roots of Competitiveness: China's Evolving Agriculture Interests (2004), APEC and the New Economy (2002), Behind the Open Door: Foreign Enterprises in the Chinese Marketplace (1998), and Powering China (1995). Zhi Wang has been a senior international economist at the Research Division, Office of Economics, US International Trade Commission (USITC) since 2005. Before joining the USITC, he worked as an economist at Purdue University, the Economic Research Service of the US Department of Agriculture, and Bureau of Economic Analysis of the US Department of Commerce and as a senior research scientist at the School of Computational Sciences, George Mason University. He was a research fellow at the Chinese Academy of Agricultural Sciences before coming to the United States and served on the board of directors of the Chinese Economists Society in 1992-93. Wang's major fields of expertise include computable general equilibrium modeling, value chain in global production network, data reconciliation methods, economic integration in the Greater China area, Chinese economics, and international trade.