Here are the data for your reference and judgment.
- * 2000: 10882
- * 2001: 10178
- * 2002: 11468
- * 2003: 12689
- * 2004(EIU): 14116
- * 2005E(EIU): 16897
- * 2000: 13852
- * 2001: 12508
- * 2002: 12539
- * 2003: 12692
- * 2004(EIU): 13548
- * 2005E(EIU): 14857
- Taiwan's GDP is behind Korea's by $2000 per capita in 2005 according to EIU; from $3000 ahead in 2000
- Growth between 2000 and 2005: Taiwan 1.4%; Korea 9.2%
- Note this comparison is in USD, so exchange rate may affect the results a lot. However, even if one look at the data at local currency, it is hard to say Taiwan has done well
One can look at other indicators, such as stock market performance (which are denominated in local currencies) and reach similar conclusion:
Or, look at the GDP growth (Source: ADB forecast) for the rest of CSB's term.
To be fair, it is not just the DPP government that is guilty. KMT (under the Chiang's and Lee) did not leave their successor CSB a star government. But the newly elected democrats in S Korea has similar legacy and perhaps tougher problems to fix.
So what has gone wrong in Taiwan? Here is one of the main reasons: Korea does not hesitate to take the China opportunity and make every penny it could. Taiwanese government tries everything possible to do the opposite. See, for example
- Taiwan's economic freedom
- Taiwan's discouragement and restriction for making money in mainland
- Chen Shui Bian's new blog entry: 亂邦不入、危邦不居 "Don't go into a state/country/city in chaos, don't live in a one that is in danger" (An anti-demonstation of lawyer's logic. But I wonder which city/area he is referring to)