Emerging Markets

President Ma’s Honeymoon With Beijing Is Over: Implications For Taiwan

By J. Michael Cole

Image Credit: Wikimedia Commons

Image Credit: Wikimedia Commons

The vagaries of democracy being what they are, it was almost inevitable that President Ma Ying-jeou’s honeymoon with Beijing would come to an end at some point. While it may be tempting to pinpoint the Chinese Nationalist Party’s (KMT) disastrous showing in the November 29 nine-in-one elections as the day when the Taiwanese president fell out of favor with Beijing, in reality that process began several months ago. 11-29 only sealed Ma’s fate — and possibly that of the party he no longer chairs.

That it would come to this shouldn’t surprise us. In 2008, when Ma assumed the presidency, a majority of Taiwanese supported — or did not actively oppose — his efforts to normalize relations with China, the world’s second-largest economy. Most Taiwanese understood that the export-dependent nation of 23 million people couldn’t afford to ignore the elephant next door.

Less acknowledged was the fact that thawing relations across the Taiwan Strait, mostly in the economic sphere, was made possible by the consolidation of Taiwanese identity. This is not a contradictory statement. Rapprochement with China was largely contingent on Taiwanese feeling comfortable with their identity and the status of their nation. Consequently, as long as developing ties remained within the confines of normalization between two sovereign entities, Taiwanese were willing to give President Ma the benefit of the doubt. And for a while, normalization is what occurred. The Taiwanese public wasn’t apolitical, blinded by money, or “brainwashed” by the KMT, as some hardline critics of the process posited; it simply countenanced developments that had to happen.

Read more from The Diplomat


© 2014 The Diplomat. All Rights Reserved.

This material is reproduced with the prior written consent of The Diplomat. For more information on The Diplomat, visit http://thediplomat.com/

ETFs: FXI, GXC, EWT

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