Word: chen
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Dates: during 1980-1989
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...region has been plagued by political instability: social unrest in the Philippines, uncertainty about the post-colonial status of Hong Kong and the assassination of key members of the South Korean government. "I am sure that none of the Asian economies will collapse because of political factors," said Edward Chen, of the University of Hong Kong, "but it may be difficult to keep up with past growth. It's never too early to worry...
Taiwan. The engines of economic expansion are humming again in Taiwan. Growth is running at a 6% rate this year, up from 3.9% in 1982. Board Member Chen forecast that Taiwan could maintain the 6% pace through 1984 and hold unemployment to a low level...
...computers and catchers' mitts. The Taiwanese have been adept at dispersing industry throughout the island to provide job opportunities for rural people as well as city dwellers. Taiwan's chief weakness may be its dependence on U.S. markets; American purchases account for 40% of exports. Said Chen: "Without the U.S. recovery, Taiwan would have been in very bad shape...
These tremors notwithstanding, Hong Kong's export industries are so strong that the colony has been able to reach a 6% growth rate. Chen forecast that expansion will slow to perhaps 4.5% next year. The weakness of Hong Kong's currency in the international exchange markets has fanned the inflation rate, which is now 12.5% and will remain at least 10%, Chen said, through...
...Chen suffered only lightly during the Cultural Revolution - exiled to the south in 1969, returning to power only after Deng regained control...