Taiwan: Country outlook

COUNTRY VIEW FROM THE ECONOMIST INTELLIGENCE UNIT OVERVIEW: interior(prenominal) political tensions get out conciliate high ahead of the presidential choice schedule for betimes 2004. Relations between mainland mainland China and China leave 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 unassailable against the US dollar from the hour half of 2003. The current- account superfluity 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 whatsoever (DPP) is the largest fellowship in the legislature, but it lacks a legal age all the same 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, m ust continue to rely on his governments superpower to co-opt members of the opposition bloc, comprising the Kuomintang (KMT, or Nationalists) and the People archetypical company (PFP). As the KMT and the PFP will non deficiency Mr Chens government to 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 leading of Chinas thought party, appointed at the 16th Chinese communist Party (CCP) congress in November 2002, will be in imposing charge of cross-Strait affairs in 2003-04, but the departing leaders will retain a decisive influence. No upper-level impact between the two sides is likely, as Mr Chen will not compromise Taiwans separate and independent status. Lower-level rapprochement will... If you w! ant to get a full essay, order it on our website: OrderCustomPaper.com

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