Reported about 1 year ago
President Lai Ching-te marked his one-month inauguration by announcing the establishment of three major commissions, showing his commitment to Taiwan's political and economic development. Data from the Directorate-General of Budget, Accounting and Statistics revealed that Taiwan's household wealth Gini coefficient in 2021 outperformed advanced countries like Australia, the UK, France, Germany, and Japan. The article discusses the possibility of Taiwan achieving a wealthy and equal society by drawing inspiration from the Nordic Model adopted by countries like Finland, Sweden, Denmark, Netherlands, Iceland, and Norway, known for their high-income levels and low wealth disparity. President Lai's focus on innovative industries and inclusive economic growth aligns with this vision, aiming to improve income equality and address issues like housing prices and income disparities.
Source: YAHOO