client-img

Lee, Roy Chun、Hsu, Yu-Chia、Su, Yi-Wen、Wang, Lee-Rong、Wang, Yu-Shung、Cheng, Yun-Hsing
2023/08/09
Page View: 309

Economic Recovery and Growth in the Post-pandemic Era: Key Issues for the World


Publication2022.12

Principal Investigator李淳 Lee, Roy Chun

Sub-Investigator許裕佳Hsu, Yu-Chia、蘇怡文Su, Yi-Wen

Researchers王儷容Wang, Lee-Rong、王煜翔Wang, Yu-Shung、鄭昀欣Cheng, Yun-Hsing



This study compiles the short-term and medium- to long-term strategies for global economic recovery and growth in the post-pandemic era proposed by four international economic and trade organizations and fora, namely WTO, APEC, G20, and OECD. An analysis on four critical issues—supply chain resilience, green recovery, digital economy, and inclusion—is conducted to identify global trends and key areas of focus. By reviewing the positions and policy development of major economies, such as the US, EU, and Japan, this study offers suggestions on Taiwan’s stance in future WTO and APEC deliberations, as well as policy recommendations, which are presented as follows.

1. Supply Chain Resilience

The COVID-19 pandemic has drawn the world’s attention to the importance of supply chain resilience, which has become a key issue for international organizations since 2020, with particular focus on three major topics, including the resilience of essential supply chains, the supply chain risk management and assessment framework, and the promotion of smooth trade. For Taiwan’s economy is highly dependent on the global supply chain, it actively participates in and supports WTO and APEC initiatives. Supply chain resilience also features significantly in the Taiwan-US bilateral dialogue.

2. Green Recovery

The issue of climate change has received increasing attention worldwide. In the post-pandemic era, international organizations have called for nations to balance economic growth and environmental sustainability. The study puts emphasis on net-zero carbon emissions, green trade, and circular economy. Even though these issues have been discussed among the international community for a while, they are now re-drawing attention as the world gears up for the post-pandemic economic recovery. Taiwan shores up the global trend of green sustainability in terms of promoting the development of green industry, which aligns with the advanced countries’ policies, while actively engaging in multilateral environmental negotiations and initiatives under WTO, as well as related APEC discussions.

3. Digital Economy

Achieving fair and inclusive economic growth in the post-pandemic era through digital economic development is one of the key concerns discussed by the international organizations. Under this context, the study focuses on three major issues: digital divide and emerging technologies, international rules for digital economy, and cybersecurity. Having been announced recently, Taiwan’s digital economy policies are fully aligned with the current global trends.

4. Inclusion

The progress on the UN Sustainable Development Goals (SDGs) is faced with challenges due to COVID-19. Now, with less than a decade left to achieve the 2030 agenda, the international community is considering to accommodate the inclusive perspectives into the implementation as the rouitne of developing policy measures. The study investigates micro, small and medium-sized enterprises (MSMEs), women and workforce, and development issues that address the rights of developing and under-developed countries. SDGs function as one of the key pillars in Taiwan’s national development plans. The government has extensive experiences in formulating SME related policies, and is committed to gender equality and labor rights.

Chinese:https://web.wtocenter.org.tw/Page/89/388801