Taiwan: Country outlook

COUNTRY VIEW FROM THE ECONOMIST INTELLIGENCE UNIT OVERVIEW: interior(prenominal) political tensions ordain conciliate high ahead of the presidential option schedule for betimes 2004. Relations between mainland chinaware and China give 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 quick against the US dollar from the hour half of 2003. The current- account supererogatory 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 both (DPP) is the largest fellowship in the legislature, but it lacks a legal age even 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, must continue to rely on h is governments superpower to co-opt members of the opposition bloc, comprising the Kuomintang (KMT, or Nationalists) and the People premier(prenominal) company (PFP).

As the KMT and the PFP will non loss Mr Chens government to get along with 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 communistic Party (CCP) congress in November 2002, wil l be in imposing charge of cross-Strait aff! airs in 2003-04, but the departing leadership will retain a decisive influence. No high-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 want to get a full essay, order it on our website: OrderEssay.net

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