Written by The Fengze Strategy. Taiwan's 2024 presidential election is approaching. Although candidates from different major parties have yet to stand out representing their parties, economic development has been considered an essential issue in every campaign. Some political entrepreneurs thought that democratic values could not be sufficient for economic development; in other words, citizens who prefer economic development the most would consider the so-called democratic value to be "a castle in the sand". In this article, we will examine the presidential elections in Taiwan from 1996 to 2020 through the basic factor of economic development, the gross domestic product (GDP).
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