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Taiwan Area

Capital: Taiwan

Taiwan Sustains Growth Momentum In Q2

Taiwan's economic increase continued strong in the second quarter, albeit at a slower pace, official figures showed Friday.

Gross domestic product grew 2.1 % year-on-year next a 2.60 % increase in the previous quarter. Economists had expected 2.2 % expansion.
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Saving face on the Korean Peninsula

Kim Jong-un sees nuclear capability as almost his sole source of regime security and he is not going to give it up, no matter how strong the pressure. He is not stupid. All he has to do is to look at the history of Iraq and Libya, where neither dictator had nuclear weapons. So if the United States insists on de-nuclearisation of the peninsula, presumably that would require regime change, and regime change is unlikely without the use of force. War in the area would be hugely destabilising and potentially disastrous. No one in their right mind should want that.

China is right to urge negotiations, but what is to be negotiated? Kim is not going to negotiate away his own security by giving up his nuclear capability. But if China exerts sufficient pressure, he may acknowledge to stop testing.
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Higher earning Why a university degree is worth more in some countries than others

A university education may expand your mind. It will as well fatten your wallet. Data from the OECD, a club of rich nations, show that graduates can expect far better lifetime earnings than those without a degree.

The size of this premium varies. It is greatest in Ireland, which has a high GDP per chief and rising inequality. Since 2000 the unemployment rate for under-35s has swelled to 8% for those with degrees – but to additional than 20% for those without, and nearly 40% for secondary school drop-outs. The country’s wealth presently goes disproportionately to workers with letters next their names.
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Key Facts: Population: 23 million (government, Republic of China, 2011)
Name: Taiwan
Area: 36,188 sq km (13,972 sq miles)
Major languages: Mandarin Chinese (official), Min Nan Chinese (Taiwanese), Hakka
Major religions: Taoism, Buddhism, Christianity
Life expectancy: 76,2 years (men), 82,7 years (women) (government statistics)
Monetary unit: New Taiwan dollar (NT$)
Main exports: Electronics, optical and precision instruments, information and communication products, textiles
Internet domain: .tw
International dialling code: +886

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Climate change laws around the world
2017/05/14
There has been a 20-fold increase in the number of global climate change laws since 1997, according to the most comprehensive database of relevant policy and legislation.

The database, produced by the Grantham Research Institute on Climate Change and the Environment and the Sabin Center on Climate Change Law, includes more than 1,200 relevant policies across 164 countries, which account for 95% of global greenhouse gas emissions.

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Asia Economic Roundup: July 2016
2016/07/18
Without a doubt Britain’s decision to abandon the European project will be remembered globally as a wake-up call for political elites around the world. It seems the people chose to go against immediate economic interest and accept an extra financial turmoil in order to address deeply seated social and identity issues.

Although Asia’s exposure to the UK is relatively limited and this is not exactly a “Lehman Moment”, nonetheless we can expect a lively debate as policymakers in Asia look for an appropriate response to address the needs of vulnerable households.

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