Taiwan: Country outlook

COUNTRY VIEW FROM THE ECONOMIST INTELLIGENCE UNIT OVERVIEW: interior(prenominal) political tensions bequeath conciliate high ahead of the presidential resource schedule for betimes 2004. Relations between mainland chinaware and China depart persevere uneasy. GDP growth will be 3.2% in 2003 and 5.4% in 2004. Consumer prices will rise by an annual average of 0.3% in 2003, with inflation picking up to 1.4% in 2004. The New Taiwan dollar is expected to warm against the US dollar from the hour half of 2003. The current- account extravagance will narrow from US$25.7bn (9.1% of GDP) in 2002 to US$17.4bn (5.6% of GDP) in 2004. DOMESTIC POLITICS: The Democratic modernized comp whatsoever (DPP) is the largest company in the legislature, but it lacks a legal age plain with the support of its allies in the Taiwan Solidarity substance (TSU). As a result, to attract legislation enacted, the president, Chen shui-bian, who is in any case the leader of the DPP, must continue to re ly on his governments superpower to co-opt members of the opposition bloc, comprising the Kuomintang (KMT, or Nationalists) and the People branch company (PFP).

As the KMT and the PFP will non deficiency Mr Chens government to fare along an effective policymaking body ahead of the presidential election scheduled to take place in March 2004, to be followed by the legislative yuan (parliament) election later in the alike(p) year, the possibility of cross-party co-operation during the remainder of 2003 and into 2004 is low. INTERNATIONAL RELATIONS: The new leaders of Chinas thought party, appointed at the 16th Chinese communist Party (CCP) congress in N! ovember 2002, will be in imposing charge of cross-Strait affairs in 2003-04, but the departing lead will retain a decisive influence. No upper-level impact between the two sides is likely, as Mr Chen will not compromise Taiwans separate and independent status. Lower-level rapprochement will... If you want to get a full essay, order it on our website: OrderCustomPaper.com

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