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When Russia occupied the Ukrainian territory of Crimea in 2014 and launched a militia war in Donbass and other parts of eastern Ukraine, Ukraine’s banking system suffered an impact. On February 24, 2022, as Russia launched its full attack on Kiev, experts feared that major banks would be forced to close, ATMs would run out of cash, and the hr...

Over the past several years, the US and Europe have begun to consider the successes and failures of the globalization brought about by the WTO, and have made two findings. First, when China was initially allowed to join the WTO, the hope was that its integration into the global economy would make it more open, but China instead used the tailwind of...

On June 1, 2022, Taiwan and the US launched the U.S.-Taiwan Initiative on 21st-Century Trade, which focused on trade facilitation, good regulatory practices, agriculture, anti-corruption, SMEs, digital trade, labor, the environment, standards, state-owned enterprises, and non-market policies and practices. Taiwan must use its international and do...

When it comes to “Decentralized Finance” (DeFi) – a financial service based on blockchain technology – typical views highlight its transparency and openness, and the automation of smart contracts. It has lower transaction costs, faster transaction speeds, and looser application limits when compared to traditional finance, al...

The US-Taiwan Initiative on 21st-Century Trade, which will critical to the next stage of Taiwan’s economic development, is expected to target “trade facilitation, good regulatory practices, anticorruption, SMEs, and service domestic regulations.” The negotiations have progressed far more smoothly than expected. The five major issu...

India is as the world’s most populous democracy in the heart of the rising Indio-Pacific region a critical stabilizing actor in an increasingly fragile geopolitical system. There is a growing recognition that Taiwan has to rebalance its economic relationships in the global economy, given its very large exposure to the Mainland. One of the k...