US EditionHow Taiwan avoided Sri Lanka’s fate to become an export powerhouse
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How Taiwan avoided Sri Lanka’s fate to become an export powerhouse
ECONOMYNEXT – When Taiwan came under KMT rule after communist rule started in China, there were severe balance of payments troubles, and the economy was strangled by import duties like the 20 percent tax that was slammed in Sri Lanka in 2025 to help ‘save reserves’. The man who helped Taiwan fix its exchange rate and provided stability to take it on a path of industrial investment and exports was a Chinese-American economist called Sho-Chieh Tsi…
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