Economy, institutions and gender: two talks on Taiwan’s development
Key information
- Date
- Time
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7:00 pm to 9:00 pm
- Venue
- SOAS Main Building
- Room
- DLT
- Event type
- Seminar & Event highlights
About this event
The Centre of Taiwan Studies is delighted to welcome Professor Tsong-Min Wu and Professor Elliott Fan from National Taiwan University for two talks exploring Taiwan’s economic transformation, institutional development and distinctive trajectory of female empowerment.
'Institutions and Economic Growth in Taiwan: A Four-Century History', Professor Tsong-Min Wu
This talk explains how institutions shaped Taiwan’s transformation from a traditional agricultural economy into a modern economic success, focusing on three critical turning points – 1895, 1945, and 1960 – each marked by fundamental institutional change. Reforms under early Japanese rule laid the foundations for modern economic growth, while postwar economic controls from 1945 to 1959 led to stagnation and hyperinflation.
Taiwan’s post-WWII economic miracle resulted not from protective industrial policies, but from the comparative advantage created by the market-oriented reforms of 1960, made possible by US economic aid. Taiwan’s experience suggests that sustained growth requires policymakers with a basic understanding of economics, a condition that may be particularly difficult to achieve in developing countries.
'An East Asian Outlier: The Roots of Female Empowerment in Taiwan', Professor Elliott Fan
Despite sharing similar post-war economic growth and Confucian cultural roots with Japan and South Korea, Taiwan has emerged as a distinct outlier in female empowerment, featuring significantly higher political representation and a narrower gender wage gap.
Historical analysis reveals four critical forces: the colonial sugar boom, which spiked female labor demand and unraveled foot-binding; post-war immigration of mainland elites carrying more egalitarian norms; electoral gender quotas that promoted female political participation; and an economy centered on small and medium enterprises (SMEs) that provide advantages for females. Together, Taiwan’s experience offers crucial empirical insights for policy design and gender equity for developing nations.
Image credit: Thomas Tseng via Unsplash
About the speakers
Wu Tsong-Min is Professor Emeritus of Economics at National Taiwan University. He served as Governor of the Central Bank of the Republic of China from 2002 to 2015. His research interests include Taiwan’s long-term economic history and monetary policy. His book, Institutions and Economic Growth in Taiwan: A Four-Century History, is forthcoming from Cambridge University Press in early 2027.
Elliott Fan earned his PhD in Economics from the University of Toronto in 2006. He then joined the Social Policy Analysis, Evaluation and Research (SPEAR) Centre at the Australian National University, where he was a research fellow from 2006 to 2011. Since 2011, he has been a faculty member in the Department of Economics at National Taiwan University. Dr Fan’s research spans applied microeconomics, family economics, labor economics, and economic history. His recent work focuses on examining the institutional and cultural factors that shaped the comparatively favorable status of Taiwanese women in the postwar era, particularly relative to their Japanese and Korean counterparts.
