Less Foreign, More National!

The government has tended to act as a market stabilizer in the domestic property market. For example, the government has given residential mortgage loan subsidies of NT$800 million to homebuyers since 2000 and requested that banks reduce mortgage rates in 2002 to stabilize the downward movement of property prices. Taiwan Ratings expects the government to continue to support the real estate market.

The government has tended to act as a market stabilizer in the domestic property market. For example, the government has given residential mortgage loan subsidies of NT$800 million to homebuyers since 2000 and requested that banks reduce mortgage rates in 2002 to stabilize the downward movement of property prices. Taiwan Ratings expects the government to continue to support the real estate market.

How often and tiring is it to go into an office or business only to see the cooperation run by or dominated by the Westerners?  The Taiwanese people are tired of being paid less for doing the same work and treated as a second class citizen, because they are Taiwanese.  We are in Taiwan, we are Taiwanese, and we want our jobs!

As of January 11, 2009, the Taiwanese government is officially cutting back on “the number of foreign labourers hired by Taiwan companies,” to create more job opportunities for the locals; this according tot he Executive Yuan minister.

Minister without Portfolio TSAI Hsung-hsiung

Minister without Portfolio TSAI Hsung-hsiung

Minister without Portfolio,” Tsai Hsung-hsiung, attending a meeting between the Public Construction Commission and the Council of Labour Affairs (CLA) commented that in principle, the construction and manufacturing sectors should employ local workers, and should hire foreign labour only in exceptional circumstances.

From an article in chinapost, Tsai expresses that, “in a bid to keep the jobless rate at 4.5% this year, the Executive Yuan will pull out all the stops to create more job opportunities for local workers.”

Being that only as of this past November, national unemployment has rose to 4.64 %.  Of the 507,000 unemployed at that time, 202,000 lost their jobs due to company downsizing or closure, according to government statistics.  This is a 0.13 percentage point higher than from the month prior, according a report by the Directorate General of Budget, Accounting and Statistics (DGBAS).

“It is uncommon for unemployment figures to rise even though it’s the end of the summer,” Census Bureau Deputy Director Huang Jiann-jong (黃建中) directed in a media briefing, “The trend showed a structural change in the labor market.  The economic downturn has cost an increasing number of people their jobs.”

The Directorate General of Budget, Accounting and Statistics (DGBAS) of Executive Yuan, a cabinet-level office, handles most of the duties of the nation’s Comptroller’s Office and Census Bureau combined.

The Directorate General of Budget, Accounting and Statistics (DGBAS) of Executive Yuan, a cabinet-level office, handles most of the duties of the nation’s Comptroller’s Office and Census Bureau combined.

In June 13, 2006: The bureau announced the unemployment rate in April to have fallen 3.78%, the lowest in six years.  To this, Huang defended that the declining rate directed from the labor market on the upswing; adding that April marks the sixth continuous months for unemploymency remaining under 4%.  (The employment rate in [Q1] 2006 grew by 1.58% in 2005.)

To the unemploymency crisis back in November of 2008, again, Huan defends, attributing the plight chiefly to the ongoing international credit crunch, which is in the way, harming national export growth and domestic firms.  China Steel Corp (中鋼), Chi Mei Optoelectronics Corp (奇美電子), China Airlines (華航) among many major enterprises, have announced downsizing plans to cope with the attacking economy.

Toward the end of 2008, to prevent a futher setback to the national economy, Taiwan no longer recognizes the United States as the financial leader.  As the economy in the U.S. is visibly slipping as the people of the world watch major coorperations shut down, banks closing, the real estate business caving in and the airlines industry suffering.  As of December 2008, statistics show a horrifying 6.5% unemployment, the highest in decades.  Many cities are seemingly less as tourist destinations and transforming into ghost towns.  Will this be a repeat in the U.S. history of the great Mid-West?  Will the majority of the population migrate for general labour and minimum wage?  Japan, still recognizing U.S. as their financial leader, also followed with the pattern of suicide as effect of the crashed market.

Glancing back to 1997, we may see that we are already in a repeat of similar situation.  The New Year poll in 1993, revealed the worst economic outlook so far was for 1997, when 51.3% questioned believe the situation is changing for the worse; 19.8% were optimistic for the new year.  The poll in 1997 states 6.3% of respondents having expected an improvement in the economy while 14.6% believe the economic situation to remain in pause.

Taiwan has taken the necessary steps to prevent major economic failure by setting itself as its own financial leader, downsizing in investments, and looking from within to find the answers.   During the presidency of Lee Tung-Hui, a plan to close the doors to foreign business and trade to improve Taiwan from the inside out – almost took order.  Would it have worked?  Would this be the best idea at the time to prevent the current recession?  We may never know the answer, though small steps are taking place to what we may see as a possible close-door policy, even if not under Ma Yin-Jeou’s presidential term.

Americans in Taiwan

Americans in Taiwan

Lets review: as far as tourism goes, 3.71 million of Westerners entered Taiwan in 2007, compared with 3.38 million in 2005.  In survey on tourist activities in 2002, 70% of clients are Westerners on short visits.  Just in 2004, there was a rise in alien residents (Westerners), majority holding professions as either missionaries or teaching English.

Teaching English as a profession in Taiwan.

Teaching English as a profession in Taiwan.

To get into depth, lets look in summary in statistics from a research held in the previous year.  In 2008, research interviewed 60 Western migrant entrepreneurs managing 62 firms operating in Taiwan.  The subjects are of Caucasian males from the US, UK, France, Germany, Switzerland, Sweden, The Netherlands, Ireland, Canada, Australia, and New Zealand.  All participants were at undergraduate degree or above, and the majority were married with Taiwanese spouses.

Using these subjects as a standard, what are their forms of profession in Taiwan?  Two (that are brothers) operate a consulting firm to help small and medium export-oriented Taiwanese businesses; a Swedish entrepreneur has established the Scandinavia Health Limited Group of three individual companies in manufacturing advanced drug delivery devices; a German, operating two independent businesses under one firm name (one for vitamin exporting, the other, for IT consulting)…

Of the total 62 firms, 4 are involved in high-tech manufacturing (3 in biotech and 1 in electronics) while others others are service-oriented: 4 in teaching business English, 13 in food, 7 in recreation, 11 in design and marketing, 10 in trade, 3 in the arts (a painter, an art dealer, and a book publisher), and 10 in miscellaneous areas such as law, trade show organizing, “headhunting,” interior design, an outsource-oriented phone call center, a car rental firm, a bike rental firm, and a martial arts studio.

Again, if to refer these Westerners as standard, their practice or profession will hold little to almost no effect in nationalizing the workforce.

What does all this broil down to?  Simple.  Being in the slum of the economy, it is the best time to start one’s own small business to refrain from the effects of nationalist workforce.  Why at this time, of all times, in this economy?  Because at least you start with the worst so it may only get better: the paved way to personal economic future is full profit…  If you manage carefully.   Word of old wisdom: don’t put all your eggs in one basket (recent business vouchers and money to all citizens from the government to help increase spending).

Next…  How to teach Westerners that Taiwan is not Thailand…

Map of South Asia Region (SAR)

Map of South Asia Region (SAR)

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~ by Lan on 2008 TueUTC2009-01-13T15:20:06+00:00. 15.

One Response to “Less Foreign, More National!”

  1. […] Less Foreign, More National! […]

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