High-Income Trap

CAPRI’s Third Annual Forum gathered over 300 participants, including 100 students, in Taipei. With a keynote by Sir Robin Niblett and panelists including policymakers from Taiwan, business leaders from Asia, and scholars and other experts from across the globe, the forum explored challenges and regional responses to rising geopolitical tensions, climate and health vulnerabilities, and economic uncertainty, as well as Taiwan’s growing role in global education and exchange.
Our second Annual Forum brought together leaders and experts from across the Asia Pacific and beyond, including Gov. James Gilmore and Taiwan’s VP-elect Bi-khim Hsiao as keynote speakers, for insightful and exciting discussions on a plethora of topics: US and Taiwan leadership, economic interdependence, sustainability, health and energy policy, AI, disaster preparedness, resilience, and innovation.
Our inaugural Annual Forum featured 19 speakers from 12 countries, including Malcolm Turnbull, Chen Chien-jen, members of our International Advisory Council, and board and key stakeholders in the region’s policy community. They discussed pressing challenges to resilience and solutions as the Asia Pacific emerges from the latest crisis and prepares for future ones.
Taiwan is important to the world because it is an example of good democratic governance, more sustainable business, and improved quality of life that transcend the geopolitical challenges of our day.
This chapter by the CAPRI research team with NBR analyzed Taiwan’s double bind of trying to preserve its identity against increasing pressure from both Washington and Beijing while also managing its “high-income trap” of wage stagnation, increasing living costs, energy insecurity, and political polarization.