The Impact of the Economic Cooperation Framework Agreement (ECFA) on Taiwan's Banking Industry: A Neofunctionalist Analysis
| Autor: | Pei-Ti Chen, 陳霈蒂 |
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| Rok vydání: | 2012 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 100 Taiwan’s economic performance and trade activities have drawn wide attention from the world; however, due to the special political situation in which Taiwan is lo-cated, Taiwan has always been excluded from joining economic alliances in Asia or other regions. As a result, Taiwan’s economic performance and trade activities have been impacted significantly. Located in the center of East Asia, more than two thirds of Taiwan’s critical economic activities such as international trade activities and in-vestment are related to these regions. Because of the unique relationship between Taiwan and China, hardly has Taiwan had any chance to participate in alliances in these regions. Because Taiwan’s economic growth heavily depends on international trade, Taiwan will suffer from high tariff rates and relocation of investment and trade activities if Taiwan is excluded from participating in these alliances. After the signing of the Economic Cooperation Framework Agreement (ECFA) on June 29th, 2010, Taiwan’s economic activities is now better integrated with its crit-ical trade partners. Taiwan signed ECFA together with China to encourage Taiwanese manufacturers to keep their bases in Taiwan, to reduce the negative impact of ASEAN Plus Three, to increase Taiwanese manufacturers’ competitiveness, and to prevent Taiwan from being marginalized in regional economy. By doing so, Taiwan can pene-trate the economic alliances in East Asia. The signing of ECFA is due to the market in not only China, but East Asia where economic alliances are frequently found recently. This is a great opportunity for Taiwan’s economic growth in the future. Neofunctionalism suggests that economic alliances should be regional-based and members should be able to leverage experts’ experience, learn from that, and modify concepts or behavior accordingly. Neofunctionalism suggests that political alliances do not come true simply due to economic and technological factors; political power is another factor that should not be ignored in alliances. Neofunctionalism emphasizes on Diffusion Effect and argues that economic alliances can gradually become more complex, enlarge their boundaries, extend effect to other departments, and ultimately lead to political alliances. Such Diffusion Effect is the key to alliances. As international economic status changes rapidly, in addition to lay down the high speed cable of ECFA, the government should also establish its management network platform to develop macroeconomics strategies. Using ECFA as the interim platform and establishing the network between China and regional economics, we can expect Magnetic Effect on foreign investors and Taiwanese manufacturers. ECFA can also stabilize cross-trait relationship and help improve business environment in Taiwan. Not only does ECFA benefit Taiwanese manufacturers in their global deployment, but it attracts the deployment of foreign investment and increases foreign investment. With ECFA, Taiwan can engage global economic activities at a deeper level. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
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