In 2009, Taiwan’s president Ma Ying-jeou announced his government’s intention to negotiate an economic cooperation framework agreement with China. The agreement would give Taiwan unprecedented access to the Chinese market. Given its democratic political system, its advanced economy, and its centrality in global manufacturing and supply chains, Taiwan has the potential to become a leading economic and business-operations hub in Asia, a development that would have stabilizing effects on both cross-strait and Sino-American relations. Nevertheless, is Taiwan positioned to take full advantage of that opening? What policies should Taiwan adopt to make itself a more attractive place for multinationals wanting to do business in Asia?
To address the economic and strategic benefits of Taiwan becoming an Asian center for business activity, a panel of experts considered these and other questions. Paul Wolfowitz, a visiting scholar at AEI, delivered the keynote address.
|9:30||Keynote Address:||Paul Wolfowitz, AEI|
|10:15||Panelists:||Dan Blumenthal, AEI|
|Paul C. H. Chiu, Bank SinoPac|
|Rupert Hammond-Chambers, U.S.-Taiwan Business Council|
|Derek Scissors, Heritage Foundation|
|Moderator:||Gary J. Schmitt, AEI|
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American Enterprise Institute
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Dan Blumenthal joined AEI in November 2004 as a resident fellow in Asian studies. He has recently been named a National Asia research associate in the National Asia Research Program, a joint undertaking of the National Bureau of Asian Research and the Woodrow Wilson International Center for Scholars. He has served on the U.S.-China Economic and Security Review Commission since 2005, including serving as vice chairman in 2007, and has been a member of the Academic Advisory Board for the congressional U.S.-China Working Group. Previously, Mr. Blumenthal was senior director for China, Taiwan, and Mongolia in the office of the Secretary of Defense for International Security Affairs during George W. Bush’s first administration. In addition to writing for AEI’s Asian Outlook series, he has written articles and op-eds for the Washington Post, the Wall Street Journal, The Weekly Standard, National Review, and numerous edited volumes. He is currently working on a manuscript that will examine divides within the China policymaking community.
Paul C. H. Chiu is chairman of Bank SinoPac and a part-time professor in National Taiwan University’s department of economics. Previously, Mr. Chiu served as Taiwan’s vice premier from May 2008 until September 2009, and as the minister of finance from June 1996 until May 2000. In addition to his work as Bank SinoPac chairman, he has served on the boards of EnTie Commercial Bank, Grand Cathay Securities Corporation, and the Taiwan Stock Exchange Corporation. Mr. Chiu also held a variety of positions at the Central Bank of China (Taiwan’s central bank) between 1981 and 1996.
Rupert Hammond-Chambers was appointed president of the U.S.-Taiwan Business Council in 2000, and he has worked to develop the council’s role as a partner for American businesses in Asia. Mr. Hammond-Chambers has worked for the council since October 1994, following a position as an associate for development at the Center for Security Policy. He sits on the advisory boards of Redwood Partners International, the Sabatier Group, and the Pacific Star Fund. He is a trustee of Fettes College, a member of the National Committee on United States–China Relations, and a board member of Project 2049.
Gary J. Schmitt is a resident scholar and the director of the Program on Advanced Strategic Studies at AEI. Previously, he cofounded and served as the executive director of the Project for the New American Century, a Washington-based foreign and defense policy think tank. Prior to that, Mr. Schmitt was a member of the professional staff of the U.S. Senate Select Committee on Intelligence, where he also served as the committee’s minority staff director. In 1984, he was appointed by President Ronald Reagan to the post of executive director of the president’s Foreign Intelligence Advisory Board at the White House. Mr. Schmitt is the coeditor, with Thomas Donnelly, of Of Men and Materiel: The Crisis in Military Resources (AEI Press, 2007). He has written books and articles on a number of topics, including the founding of the United States, the U.S. presidency, intelligence, and national security affairs. His most recent book is The Rise of China: Essays on the Future Competition (Encounter Books, May 2009), of which he is editor and contributing author. He is also the editor and contributor to the forthcoming AEI volume, Safety, Liberty and Islamist Terrorism: American and European Approaches to Domestic Counterterrorism.
Derek Scissors is a research fellow for economics at the Heritage Foundation’s Asia Studies Center. There he focuses on the Chinese and Indian economies and related challenges facing the United States. In addition, Mr. Scissors is an adjunct professor at George Washington University, where he teaches on the Chinese economy. Previously, Mr. Scissors was at Intelligence Research, where he counseled clients–primarily Fortune 500 executives–concerning China operations.
Paul Wolfowitz is a visiting scholar in foreign and defense policy studies at AEI, where he studies development issues. He has spent more than three decades in public service and higher education. Most recently, Mr. Wolfowitz served as president of the World Bank and deputy secretary of defense. Prior to that, he was dean and professor of international relations at the Paul H. Nitze School of Advanced International Studies at Johns Hopkins University. He has also served as under secretary of defense for policy (1989–93) and U.S. ambassador to Indonesia (1986–89). Mr. Wolfowitz was the assistant secretary of state for East Asia and Pacific affairs (1982–86) and director of policy planning at the Department of State. He worked as deputy assistant secretary of defense for regional programs at the Department of Defense and as special assistant to the Strategic Arms Limitation Talks, Arms Control and Disarmament Agency (1973–77).