Globalization and Cross-Strait Economic Relations

中國加入全球化的浪潮，使全球的勞動供給量增加，生產成本下降，商品價格下跌。在資源重整的過程中，國際資本向中國移動，帶動高速的經濟成長。迄今為止，中國所取得的成就反映的是Pareto改善，而非自主性的經濟成長。台灣因為地理上接近中國，在這波資源重置的過程中受衝擊甚大，但衝擊過後，兩岸的分工模式仍受全球分工原理的規範。China's open-door policy prompted China to participate in the wave of globalization, which in effect, provided surplus labor to the rest of the world, pushing down production costs and commodity prices. China's opening set off a process of resource reallocation, in which capital moves to China en-mass, enabling rapid capital accumulation and high economic growth rates. The China miracle is nothing but a one-fime Pareto improvement, rather than a self-generated economic growth. Because of its proximity to China, Taiwan has been greatly affected impacted by China's opening, but Taiwan's position in the world's division of labor will be largely unaffected after the impact has subsided