Philippine E-Journals

Economic Growth, Globalization, and Poverty in Taiwan: Evidence After Economic Liberalization

Shou-lu Lee

Discipline: Economics, Social Science

 

Abstract:

The purpose of this paper is to examine how economic growth and economic globalization contribute to poverty alleviation in Taiwan after its economic liberalization. This is the first study to investigate the separate impacts of export and import on poverty in Taiwan. Their distinct impacts highlight the importance for the Taiwanese government to shape trade strategies to boost export. This study is also the first to provide evidence showing the adverse influence of capital liberalization on poverty in Taiwan. The negative impact signifies that the warning with regard to the distributional effect of globalization may not be baseless.