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If Chen Shuibian doesn't wake up from his dream, TW's economy will lose most of its competitiveness by the time he's done with his 2nd term.|
TW's economic backbone today is comprised of the semiconductor and electronics industry. Other than a very few exceptional semiconductor companies and notebook PC makers, most other companies are OEMs, meaning that they manufacture for big brand names like Dell, HP, etc.... Now, if Chen does not try to integrate TW's economic system into China's by loosening up several key restrictions, then a lot of these companies will lose their competitiveness if they are not able to keep their technology edge over mainland competitors. In simple terms, TW's manufacturing based companies will lose all their orders to China very soon, it's only a matter of years! China has a much bigger pool of talent to pick from than TW, not to mention the much bigger market.
Already, we are seeing TW's transportation and logistics industries being burned by Chen's inflexibility and inability to open talks with China. Once more and more countries start having direct flights into and out of China, who will come to TW at all?
So much of what we hear these days is China's growing military edge over TW. But to ensure a peaceful unification, China will do it with her economy. However, in order to speed up the technological innovations in the private sector, there has to be more privatization and less restrictions.