Home > > TBT Newsletter April 2016 is available now
TBT Newsletter April 2016 is available now
2016-04-29 00:00:00
Editor's Note
Taiwan Brain Trust is indebted to you for the steady stream of feedback received from readers in a variety of fields. It is your input that serves as our driving force, motivating us to continue on in our efforts. We are exceedingly grateful for each and every suggestion and encouragement we receive from you. This month, we asked experts in a number of fields to share their views on such current issues as the new administration’s plans for innovative industries, the agricultural industry, biotech, green energy, space law, expansion into ASEAN, and the 2016 Global Nuclear Security Summit.

Lin Minn-tsong, Professor with the National Taiwan University Department of Physics, explains in his piece “The ‘Taiwan Factors’ in the New Government’s Innovative Industries Plan” that if it is going to effectively tackle external challenges, the new administration should first determine its own problems and limitations once it takes over the reins of government. In its pursuit of an innovative economy, it needs to overcome three factors: an industry structure that prioritizes OEM type and scale mass production, neglect of fundamental research, and lack of progressive values.

In his article, “Agriculture Should Be Focus to Give New Economy Traction,” Dr. Wu Chi-jen, who has a PhD in Economics from SOAS, University of London, points out that developing innovative technologies for the agricultural industry could serve as an impetus to biotech, farm machinery, food processing equipment, green energy technology, and specialized retail services, creating a division of labor chain among industries. It is precisely the kind of homegrown innovation that Taiwan urgently needs to transform and upgrade its economy.

In her article “Discussing the New Gov’t’s Asia-Pacific Biomedical R&D Industry Center Program,” Li Hui-fang, Associate Researcher with the Science and Technology Policy Research & Information Center, National Applied Research Laboratory(NARLabs), points out that the new administration should integrate the nation’s overall research budget and reallocate it to realize a long-term sustainable strategy for fundamental R&D, cultivate researchers, and establish a sound integration mechanism and effective business operations model that emphasizes connection with the business community and rear-end commercialization. She is confident that Taiwan’s biotech industry still has a great deal of development potential.

Chen Hung-da, Taiwan Legislator Lee Ying-yuan’s office Director, explains in his piece “New Government Faces Green Energy Challenge” his belief that the new administration needs to integrate a promotion mechanism, to introduce new driving forces, and to work closely with strategic industries, including precision machine industries and the Internet of Things in order to maximize synergistic effect in the areas of generating, conserving, and storing energy as well as in systems integration.

Ching-hua University Institute of Law for Science and Technology Associate Professor Huang Jun-cheng explains in his piece “Why Does Taiwan Need a Basic Space Law?” that India, Japan, South Korea, and China currently have comprehensive space guidelines that include basic space laws that meet the requirements of the “five conventions.” Even developing nations, like Thailand, Vietnam, Malaysia, and Indonesia are working on formulating national space laws of their own. Taiwan should draw up its own space law as quickly as possible to get its foot in the door to take part in international space.

Lin Juo-yu, Director of ASEAN Studies Center at Tamkang University, states in his piece “Taiwan to Expand ASEAN Reach in 2016” that ASEAN accelerates market liberalization. He feels that Taiwan can take advantage of ASEAN’s current plan to allow foreign investors to hold a maximum of 70% of shares in ASEAN service industry companies to improve the transportation infrastructure of various countries as ASEAN nations gradually develop. Encouraging the private sector to expand into ASEAN countries using traditional, service, and trade industries will be a top priority in 2016.

Taiwan Brain Trust Consultant Liu Shih-chung explains in his story “Global Nuclear Security Summit—Final Push for Obama’s Foreign Policy Legacy” that during the 2016 Nuclear Security Summit, US President Barack Obama listed nuclear arms reduction achievements of countries during similar summits in the past. The US led by example, reducing its own nuclear arsenal. Because nuclear security is such a major issue and because they must face with resistance to agreements by some nations and the threat of emerging terrorism, Obama has done everything in his power to set up an international framework and cooperation, thereby adding another feather to his foreign policy cap.

In this globalized 21st century, Taiwan, as an island- nation, needs to take a macro view of the world. The Taiwan Brain Trust hopes to offer analyses of major events, both in Taiwan and around the world, for local readers as well as provide a Taiwan perspective for readers around the world. If you have any suggestions or comments please drop us a line at info@braintrust.tw or follow us on Facebook.

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