Carnegie Endowment for International Peace
1 to 5 of about 5
The pandemic, structural changes, and geopolitical competition have all led to an acute supply chain crisis. Taiwan stands to benefit, but it needs policy changes and technology investments first.
Taiwan needs to look not just to the energy it needs right now but also to the energy it will need ten to twenty years from now if it is to power its future.
Taiwan’s innovation advantage is in danger of eroding. It needs a revitalized and broadened strategy, more diverse investments in human capital and next-generation industries, and forward-looking partnerships with the United States.
In order to for middle-income countries to successfully transition into advanced economies, their policymakers should look at the lessons learned by countries that successfully made the jump.
The first section of this paper looks at the basic objectives of Taiwan’s defense reform and modernization programs and the successes and failures to date. The second section assesses the underlying reasons for those successes and failures. A final section assesses the prospects for the future and the implications for U.S. policy and U.S.–ROC relations.