Word: taiwan
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Dates: during 2000-2009
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Which of the world's stock markets will benefit most from China's rapid growth? Big players like Japan and Taiwan, or the smaller basket of Southeast Asian stock markets? I think it's the smaller basket of Asian markets, and that includes Indonesia, which is lately the hottest of the Asian emerging markets because they've come through this [economic crisis] very well and they seem to have their act together in terms of fiscal and monetary policies. Indonesia's political process has improved tremendously; it also has a big population and a lot of natural resources. The stock...
...Moreover, just as there have been many Chinese yesterdays, so there are many versions of China today. It is astonishing how many predictions that China will not adopt liberal values in the future ignore the part of China that already has. For Taiwan, as Mitter says, has a deep sense of Chinese cultural identity (more so than the mainland, arguably) and yet is a "highly modern, liberal democracy." Who knows? The island may yet turn out to be a model for China as a whole. (Read "Taiwan: How to Reboot the Dragon...
...TAIPEI, Taiwan – Clouds drift up one side of Mt. Cising before they slide down the other. But first the mist hovers, encircling the peak. Nothing is visible except the very top, where hikers are stretching out on stone platforms, snapping photos with the elevation marker, sharing apple slices. Over the clearing’s edge is nothing, a foggy abyss periodically dissipating to reveal a sea of waving grass...
...There are moves afoot to bring about this crucial change. Taiwan's vaunted Industrial Technology Research Institute (ITRI), a state-funded think tank housed on a landscaped campus near Hsinchu, produced many critical breakthroughs since its founding in 1973. But ITRI's future may lie within the center's Creativity Lab. At its entryway is a collection of odd video games developed at the lab, including one that allows visitors to interact with a digitally generated infant. Inside, researchers dress in blue jeans and polo shirts instead of the usual white coats, and converse in a room with movable walls...
...Whether such efforts can truly work may determine the fate of Taiwan's economy. "The old model is a top-down approach," says ITRI president Johnsee Lee. "The innovation economy has to be more bottom-up. It needs more talent." Morris Chang says Taiwan lacks that talent, because the country's education system stresses rote learning, resulting in "very little independent thinking and very little creativity." Chang also points out that Taiwan has to contend with a greatly changed international environment. "China wasn't in the picture 30 years ago, neither was India," Chang says. "You have a big competitor...