By Murray Scot Tanner
Because the early Nineteen Eighties, the crossstrait courting among Taiwan and mainland China has exploded, pushed by means of fiscal and political reforms. for this reason, every one may undergo nice fiscal soreness and dislocation within the occasion of an incredible disruption in that swiftly transforming into fiscal dating. This monograph analyzes the political influence of that courting and evaluates the customers for Beijing to take advantage of it by means of using financial coercion opposed to Taiwan.
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Additional resources for Chinese Economic Coercion Against Taiwan: A Tricky Weapon to Use
Many other eﬀorts at coercion fail because the target country is able to weather the initial blow and soon make adjustments that undermine the long-term eﬀectiveness of the sanctions by ﬁnding substitute products, sources, or markets for the sanctioned goods and activities. ”18 A key issue is the “substitutability” of the goods or activities under threat or sanction. Economic sanctions create powerful incentives for the target country to ﬁnd domestic substitutes for imported goods that have been cut oﬀ, or new markets to which to sell their embargoed exports.
23 A major eﬀort at economic coercion against Taiwan would almost certainly concern issues of extreme emotionalism and high political stakes involving independence, sovereignty, and national identity—for example, in response to Taiwanese revisions to its constitution that Beijing believes eﬀectively deﬁne Taiwan as independent of China. It is highly questionable, therefore, whether lessons learned from the use of economic coercion in battles over trade, economic policies, or other relatively low-stakes issues would have great relevance in assessing this relationship.
These additional goals include • undermining domestic political support for Taiwan’s government • cultivating support among the mass electorate or various political or economic elites within Taiwan • simple punishment or disruption of Taiwan’s economy • undermining the economic base for Taiwan’s military potential • sending an international signal to Taiwan’s potential supporters • sending a domestic signal to buttress support for the Beijing government. Destabilizing, Subverting, or Creating Domestic Pressure on the Target Regime Among the most common indirect goals of economic pressure—pivotal in the case of mainland China and Taiwan—is to try to subvert or destabilize the target government.