Fox wrote:Average GDP growth in Taiwan was higher under CSB than Ma.
That is absolutely incorrect, sir!
If you want to compare economic growth performance under the CSB and MYJ administrations, you need to make a proper comparison. Bare numbers, divorced from their setting, do not tell more than one part of the story - though even the barest of bare numbers tell in favour of Ma over Chen.
The facts of the matter are that, after the relatively shallow recession of the early 2000s, the CSB administration coincided with a period of galloping world GDP growth, while MYJ’s has coincided with the worst economic slump that the world has experienced since the end of WW2.
Since a new administration takes office in May, almost halfway through the year, we must exclude the figures from the changeover years from consideration, because it would be impossible to divide that year’s performance between each side of the transfers of power. So for CSB’s terms, we must consider 2001~2007, and for MYJ’s term, 2009~2011. The growth rate of world GDP was approximately 4.3% during 2001~2007, versus only 3.0% during 2009~2011. Hence, these numbers show clearly that Ma’s administration has had to contend with much more unfavourable global economic growth conditions than CSB ever faced.
Yet in spite of the much more difficult external conditions prevailing during Ma’s term in office, Taiwan still achieved an average annual economic growth rate of 4.7% during 2009~2011. That included the year in which the global economy experienced its sharpest slump since the 1930s. Whereas under CSB, Taiwan’s annual economic growth rate averaged only 4.1% during 2001~2007. That is: 4.7% to Ma versus 4.1% to Chen, the former in mostly benign conditions, the latter in mostly very adverse conditions
. A stark contrast, indeed!
So even if we look at the bare figures alone, it is evident that Taiwan’s economy has performed far, far better under MYJ than under CSB. It has improved from the worst performing to the best performing Asian NIE. There’s really no arguing against that!