标题: Reunification by Trade? [打印本页] 作者: choi 时间: 8-6-2009 11:11 标题: Reunification by Trade? 本文通过一路BBS站telnet客户端发布
Taiwan and China: Reunification by trade? A plethora of free-trade deals is
driving Taiwan closer to China. The Economist, Aug 6, 2009.
http://www.economist.com/world/asia/displaystory.cfm?story_id=14191252
My comment: Always in favor od free trade, I am not worried.
---------------Separately
(1) Asia's quest for wealth: Going for growth. The Economist, July 30, 2009
http://www.economist.com/books/displaystory.cfm?story_id=14120062
("Mr Schuman goes to some lengths to show that many of Asia’s successes
happened after different industries threw off the heavy hand of the state."
My comment:
(a) This article is a book review on The Miracle: The Epic Story of Asia’s
Quest for Wealth. By Michael Schuman)
(b) The quote demonstrates a new thinking. The conventional wisdom is the
despotic governments in East Asia (including Singapore but except Hong kong)
guided industrial growth. In Taiwan, however, people of all walks, not just
industrialists, tried hard to evade government constraints, according to my
obsersation back in Taiwan.
(2) The Chinese car industry: The ambition of Geely; A Chinese carmaker
shrugs off the global downturn. The Economist, July 30, 2009.
("The firm says its sales for the six months to the end of June reached 138,
000, fuelled partly by government tax breaks aimed at boosting demand for
the smaller cars made by China’s indigenous manufacturers")
My comment: Despite China's economic stimulus, only 138,000 car sold,
including overseas? Chinese have boasted about Geely for years. I did not
know its sale was so little.
Last night, I read the book, which devoted a chapter to Taiwan (Stan Shih of Acer, bureaucrat KT Li and Morris Chang of TSMC), two chapters to China (one for Deng Xiaoping and the other, Lenovo).
I was struck by a table at page xxiv in the Introduction.
"THE MIRACLE CREATED BY AN ALMOST UNBELIEVABLE INCREASE IN WEALTH
GROWTH OF GROSS NATIONAL INCOME PER CAPITA 9IN CURRENT US$)
COUNTRY------------1965---------2007---------PERCENT CHANGE
South Korea -------130----------19,690-------15,046%
Taiwan-------------204----------15,078-------7,291%
Singapore----------540----------32,470-------5,913%
Hong Kong----------710----------31,610-------4,352%
Japan--------------890----------37,670-------4,133%
Thailand-----------130----------3,400--------2,515%
China--------------100----------2,360--------2,260%
Indonesia*---------70-----------1,650--------2,257%
Malaysia-----------330----------6,540--------1,882%
India--------------110----------950----------764%
* Earliest year available is 1969.
Source: World Bank; Taiwan Directorate general of Budget, Accounting and Statistics
My comment:
(a) Gross national income (GNI)
http://stats.oecd.org/glossary/detail.asp?ID=1176
The take-home message is GNI is close to GDP. Further, the figures look as if calculated by exchange rate, rather than adjusted by purchasing power parity. S Korea devalued its currency by 40% early this year; on the contrary, China appreciated renminbi by 20% from 2006 to 2008 (inclusive).
(b) World Bank does not compile data on Taiwan , for Taiwan is not its member. That is why the author resorted to Taiwan's DGBAS for pertinent data.
(c) The author has not worked at the Philippines. The living standard of the Philippines in 1965 should be higher than that of Taiwan. I am surprised that GNI per capita in Malaysia of 1965 was 50% higher than Taiwan's, for around 1980 parents of my kindergarten friend (a girl) barred her from marrying her boyfriend (of Chinese descent but born in Malaysia) by chaining her inside the house.
【 在 choi (choi) 的大作中提到: 】
* * *
---------------Separately
(1) Asia's quest for wealth: Going for growth. The Economist, July 30, 2009
http://www.economist.com/books/displaystory.cfm?story_id=14120062
("Mr Schuman goes to some lengths to show that many of Asia’s successes
happened after different industries threw off the heavy hand of the state."
* * *
【 在 choi 的大作中提到: 】
: Taiwan and China: Reunification by trade? A plethora of free-trade deals is
: driving Taiwan closer to China. The Economist, Aug 6, 2009.
: http://www.economist.com/world/asia/displaystory.cfm?story_id=14191252
: My comment: Always in favor od free trade, I am no
: (以下引言省略...)
【 在 choi 的大作中提到: 】
: Taiwan and China: Reunification by trade? A plethora of free-trade deals is
: driving Taiwan closer to China. The Economist, Aug 6, 2009.
: http://www.economist.com/world/asia/displaystory.cfm?story_id=14191252
: My comment: Always in favor od free trade, I am no
: (以下引言省略...)
※ 修改:．lihlii 于 Aug 8 15:49:00 修改本文．[FROM: 82.210.0.0]