The USD devaluation is continuing, but I think Taiwan doesn't have to follow the USA's policy. However, the exchange rate of USD / NTD has become a constant value, so that the NTD devaluation is also continuing. At the same time, the currency of foreign countries must be revaluation for the NTD, and therefore the raw materials shall raise the prices. I think the Central Back is executing the words of the former President Teng-Hui Lee, and he may support the high technology manufacturers. The problem shall be the foreign labors, but the policy will impact Taiwanese labor market, especially the low level labors.
For the high technology manufacturers, their main problem is the cost higher and higher, but they have no any approach to reduce the cost again. The exchange rate of USD / NTD becomes their weapon, and they wanna learn the Korean devaluation policy. The inflation shall become very critical, and it will affect the disorder of the people's livelihood. What's the next? The next shall be the higher-crime-rate, higher-unemployment-rate, and unbalanced psychology. The unbalanced psychology may bring about the riot, so that the government must change the people's attention.
In case Taiwan changes the policy to import more foreign labors, the higher-crime-rate and higher-unemployment-rate shall follow this political decision. About 20 years ago, the government gave up the textile industry formerly, and most of them went to the Southeast Asia. Of course, the present government doesn't wanna give up the high technology manufacturers, so that the way shall be continuing the devaluation or importing more foreign labors. Which one is better? It's very hard, and I cannot make sure of it. How do you think?
For the high technology manufacturers, their main problem is the cost higher and higher, but they have no any approach to reduce the cost again. The exchange rate of USD / NTD becomes their weapon, and they wanna learn the Korean devaluation policy. The inflation shall become very critical, and it will affect the disorder of the people's livelihood. What's the next? The next shall be the higher-crime-rate, higher-unemployment-rate, and unbalanced psychology. The unbalanced psychology may bring about the riot, so that the government must change the people's attention.
In case Taiwan changes the policy to import more foreign labors, the higher-crime-rate and higher-unemployment-rate shall follow this political decision. About 20 years ago, the government gave up the textile industry formerly, and most of them went to the Southeast Asia. Of course, the present government doesn't wanna give up the high technology manufacturers, so that the way shall be continuing the devaluation or importing more foreign labors. Which one is better? It's very hard, and I cannot make sure of it. How do you think?
