The 2012 Global Economic Development Conference

2012/10/02

The current state of global economics has caused experts to be deeply concerned: the European debt crisis is getting worse; American economic growth is slow; and the vast majority of global economies are on the decline, even in developing Asian countries which previously showed signs of positive growth. The global economy is worse now than it was four years ago at the height of the global financial crisis.

In order to better understand the current dynamics of the global economy, on Oct 2 the TKU College of Economics held a day-long Conference on Global Economic Development. Due to the large numbers of attendees, the conference was held simultaneously at the Ching Sheng International Conference Hall and the Chueh Sheng International Conference Hall, both on the Tamsui Campus. The event features special guest speaker, Kuan Chung min, the Minister without Portfolio in the Executive Yuan and Academician at Taiwan’s prestigious Academia Sinica.

The Chair of the TKU Department of Economics, Dr. Cheng Tun-kung, said that “given the uncertain global trends of economic development in recent years, many countries are thinking of ways to address their economic problems. We hope that through this conference, we can provide a forum for practical ways in which to change the situation”. Many attending scholars forecasted that in the next 10 to 20 years, the economy will not recover, explaining that “there will be little if any economic growth and investments will in general reap very little return”.

Attendees did, however, provide possible solutions and countermeasures to the current negative trends, including strengthening national infrastructure, expanding exports, encouraging people to change industries, enticing talented professionals to stay in Taiwan, and increasing government efficiency.

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