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After a long period of martial law, Taiwan′s gradual democratization and success from the dictatorship to the democratic regime since the 1990s, Taiwan has become a successful example of the third wave of democratization. The political and economic environment of Taiwan today is quite democratic and free. But compared to the political democratization, in terms of income growth, Taiwan can be said to be stagnant in the dilemma in the past decade. Compared with the economic development that Taiwan has been praised by the world in the dictatorship, the economic development is not as good as the dictatorship in the recent years after the successful democratization. This can not help but wonder whether to pursue democratization for economic growth is absolutely beneficial.
Therefore, this study will focus on populism to discuss the problem of Taiwan′s wage stagnation and to compare the four tigers in Asia, the main concept of populism is that politics must follow the people′s preferences, that is, different issues in society must respect and refer to the voice of the people, in this case, it is proud to be a democratic country, but on the other hand it will make the implementation of the policy inefficient, the ruling party may only consider the short-term interests of the ruling party and ignore the long-term development of the country, and ultimately will hamper the overall economic growth of the country.
This paper studies countries for Taiwan, South Korea, Hong Kong and Singapore, the study period is from 1990 to 2013, the dependent variable is Log per capita GDP (PPP), the main independent variable pop is the result of the conversion of media degrees of freedom, it can be used as quantitative data of populism in this study, and to use the square of pop to discuss whether there is a turning point. After observing the results of the regression, it was found that the pop of Taiwan and Hong Kong were positive to negative; South Korea was negative; there is no significant impact in Singapore. that is, excessive prosperity of populism is not beneficial to the growth of Taiwan and Hong Kong′s income. | en_US |