Assessing Taiwan’s economic resilience

Economic resilience is a key issue for Taiwan. Its high-income economy weathered the COVID-19 pandemic better than many of its peers around the world, and it has thus far skillfully navigated U.S.-China economic tensions. Moreover, Taiwan’s advanced semiconductor manufacturing capabilities have helped ensure its central role in global supply chains. But Taiwan’s economy is not without its vulnerabilities. There is a fear that a lack of economic diversification poses risks. The socio-economic impacts of Taiwan’s leadership transition earlier this year and the forthcoming U.S. leadership transition, as well as how relations with China may evolve in light of these developments, remain uncertain.

On December 3, the Center for Asia Policy Studies (CAPS) at Brookings and the Center for Asia-Pacific Resilience and Innovation (CAPRI) hosted a panel of experts for an analytical discussion assessing Taiwan’s economic resilience.