Taiwan is a success story of rapid economic growth during the 20th century. Once a predominantly agricultural economy, Taiwan transformed into a thriving industrial and technology hub, becoming known as one of the Asian Tigers. The country’s impressive economic development was driven by a combination of factors, including its neoliberal economic policies. Growth Free-market, neoliberalContinue reading “Taiwan’s Transformation”
Category Archives: Foreign Affairs
Declining homeownership
Homeownership levels in most developed countries have fallen over the past decade. In the UK, the rate of homeownership reached a peak of 73% in 2008; by 2017, this figure had fallen to 63%. The same phenomenon has been witnessed in similar western nations as in the US, it has fallen by 10% since 2008.Continue reading “Declining homeownership”
Keynesian Kiwis?
New Zealand has consistently performed as one of the wealthiest countries in the world with very high living standards. With a GDP per capita of $53,000 USD, this places New Zealand substantially higher than many of their Western counterparts, like Australia ($47,000 USD) and the UK ($39,000 USD). New Zealand’s prosperity has been achieved throughContinue reading “Keynesian Kiwis?”
Korean economy under Moon
Elected in 2017 following the resignation and subsequent jailing of the disgraced Park Geun-hye, Moon Jae-In became the 12th President of South Korea. However, his legacy needs more to be desired. While his administration’s handling of the coronavirus pandemic proved effective relative to other Western economies, spiralling housing and energy costs alongside a slowing domesticContinue reading “Korean economy under Moon”
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