China: lessons from Taiwan
Here is our opinion piece from today in Nikkei Asia. It covers some of the themes we have been working on recently:
- Why Japan in the 1990s is an incomplete analogy for China today
- How Taiwan in the 1990s can fill in some of the missing pieces
- The implications of all that for the CNY
Taiwan’s post-bubble recovery holds lessons for China
Active monetary and industrial policy played key roles in island’s turnaround
Further reading
One of the points we make in the article is that the story of Taiwan's economic development, particularly the crazy bubble of the 1980s and its subsequent bursting, isn't widely understood. That being the case, here are some other sources that might be useful:
Amazon.com: The Great Taiwan Bubble: The Rise and Fall of an Emerging Stock Market eBook : Champion, Steven R.: Kindle Store
Amazon.com: The Great Taiwan Bubble: The Rise and Fall of an Emerging Stock Market eBook : Champion, Steven R.: Kindle Store