Abstracts » Business, international

Export worries

Article Abstract:

Taiwan's Directorate General of Budget, Accounting and Statistics has predicted a fall in the 1992 GNP from 7% to 6.4%. This calculation is based on a decline in the country's exports from May-Aug 1992 and a rapid appreciation of the Taiwanese dollar. There has also been an increase in Taiwanese imports and the trade surplus is expected to fall to less than US $10 billion. Economic analysts attribute the decline in Taiwan's economic development to long-term negative growth in the manufacturing sector and abnormal growth in the service sector.

Gross national product, Balance of trade

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Striking it rich: Taiwan's farmers trade land for cash

Article Abstract:

Taiwanese farmers have decided to sell their land to real estate developers in exchange for huge profits. A development boomhas hit the country's rural areas following the overcrowding of many of Taiwan's expensive cities. The latest development in real estate, however, seemed to have caused a host of problems pertaining to insufficient mass transit systems and land speculation. Already, expensive development sites havebeen built forcing their original landlords to move towards houses found on theback streets of big developments.

Analysis, Cover Story, City planning, Urban planning, New towns

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Wealth of worries

Article Abstract:

The strength of Taiwan's economy can be seen from the country's large foreign exchange reserves. Foreign exchange reserves reached a record high of $84.6 billion in May 1992, enough to cover import costs for 15 months. However, the Central Bank of China is encountering problems in the management of the country's foreign exchange reserves. Economists say that there is a need for a more open way of handling the country's foreign exchange reserves.

Management, Foreign exchange reserves

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