Labor Ministry: Tsai and Landslide Victory

labor ministry: In an interview Friday in Taipei, Lin laid out the vision for invigorating the economy he and President Tsai Ing-wen have sought to implement since Tsai won power in a landslide victory in early 2016, according to The Japan Times. While economists expect growth to accelerate to 2 percent this year from 1.5 percent in 2016, expansion has slowed significantly from 6.52 percent in 2007. He'll also tell you one way to achieve those goals is by welcoming more immigrants. The reforms Lin and Tsai promote touch on areas from trade to taxes to infrastructure. That exodus, which the labor ministry in 2015 put at 20,000 to 30,000 professionals annually over the past decade, has been primarily because of Taiwan's lower wages, according to Lin, who holds a doctorate in economics from the University of Illinois at Urbana-Champaign. Immigration stands out for being where Lin believes action can be taken soonest and for being what he says is the most immediate countermeasure for one of Taiwan's most-pressing ailments talent leaving for Shanghai, Hong Kong, Singapore and beyond. (news.financializer.com). As reported in the news.