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Taiwan moving to center stage in fragmented trade order: Economist
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Latest | FOCUS TAIWAN - CNA ENGLISH NEWS
Taipei, July 30 (CNA) Taiwan is moving from a largely invisible supplier to a more influential global player as economic power increasingly shapes international trade, economist Roy Lee (李淳) said Thursday.
While military and some critical technology supply chains are likely to decouple more extensively, much ordinary trade will remain largely unchanged, Lee said.
"Economic security is not about abandoning efficiency, but about rebalancing security and efficiency," he said, adding that countries would strike that balance differently depending on their circumstances.
Taiwan should therefore tailor its approach to individual partners rather than applying Washington's terminology and priorities universally, Lee said.
He described competitiveness and "indispensability" as the foundation of Taiwan's economic security, with reduced dependence and resilience against coercion or disruption playing supporting roles.