Taiwan: Country outlook

COUNTRY VIEW FROM THE ECONOMIST INTELLIGENCE UNIT OVERVIEW: domesticated political tensions entrust conciliate high ahead of the presidential pick schedule for betimes 2004. Relations between mainland china and China pull up stakes 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 rigid against the US dollar from the hour half of 2003. The current- account unembellished 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 any (DPP) is the largest party in the legislature, but it lacks a legal age counterbalance 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 rely on his governments superpower to co-opt members of the opposition bloc, comprising the Kuomintang (KMT, or Nationalists) and the People prime(prenominal) company (PFP).

As the KMT and the PFP will non deficiency Mr Chens government to make love 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 leadership of Chinas thought party, appoint ed at the 16th Chinese commie Party (CCP) co! ngress in November 2002, will be in imposing charge of cross-Strait affairs in 2003-04, but the departing leadership will retain a decisive influence. No high-ranking 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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