Exports will bear no relationship to our domestic employment as structural unemployment becomes increasingly obvious. Further, with old and new problems popping up together, it appears our political and economic turmoil will never end. Of course, the outflow of capital to foreign countries, stagnation of investment, and the steady decline of the stock market will become more serious. From this year on, it's expected that the value of the total output of Taiwan's electronics industries will be surpassed by that of China. And it's indeed doubtful whether the new government is able to put a speedy end to the crisis.
Crisis management is more difficult than a government's routine work.
Moreover, the present crisis is not only domestic, but also connected with the cross-strait nexus, an issue that the new government has refused to acknowledge. As winter approaches, it's high time Taiwan closely considered the position it now finds itself in. Nan Fang-shuo is publisher of The Journalist magazine. This story has been viewed 875 times. The Taipei Times.