Three years ago a prominent scholar declared that Taiwan’s economy was “on the brink of death”. The wording was extreme but the sentiment was widely shared. Taiwan faced a litany of seemingly intractable problems. Many of its best companies had moved to China; wages were stagnant; growth was grinding ever lower and the population was ageing rapidly. Its glory days as an Asian tiger – celebrated for its rapid development – seemed firmly in the past.
The Economist: COVID-19 has ravaged economies all over the world – but not Taiwan’s
This aerial view shows the skyline and harbour in Keelung City on July 10, 2020.
