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AMCHAM URGES TAIWAN TO 'JUST DO IT' ON DIRECT CROSS-STRAIT AIR LINKS.
TAIPEI, June 1 Asia Pulse - The American Chamber of Commerce in Taipei (AmCham) urged Taiwan Thursday to improve cross-Taiwan Strait flow of people, goods and services as well as investment as a "corrective action" that could give Taiwan's economy a significant boost.
Regarding direct cross-strait transport links, an AmCham Taiwan White Paper for 2007 says: "There is nothing more to be said -- just do it!"
Describing the 2007 AmCham Taiwan White Paper as a record of a "health checkup for the Taiwan tiger," AmCham President Jane Hwang said in a press conference that AmCham concerned that Taiwan appears to be falling behind the other "aging" Asian tigers -- Hong Kong, Singapore and South Korea -- in economic competitiveness, while other "new" Asian tigers, including China, India and Vietnam, are rapidly gaining strength.
Huang said Hong Kong, Singapore and South Korea are demonstrating that as mature economies they can still attract investment interest by building world-class infrastructure, cultivating human resources, upgrading regulatory regimes and reforming tax policies.
Hong Kong and Singapore have become models of truly internationalized societies, and following the 1997 Asian financial crisis, South Korea has vigorously pursued a range of reforms that helped it surpass Taiwan in per capita GDP in 2002 so that it now ranks as the world's ninth-largest economy, she added.
Huang said that Taiwan still has many key assets, including its strength in high-tech manufacturing, that could enable it to continue to be a dynamic player, but the country's future success will depend on "whether the political and popular will is present to tackle some underlying systematic problems."
The AmCham White Paper emphasizes four areas in which corrective action could give the Taiwan economy a significant boost:
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