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Sunday, Sep 13, 2009, Page 8 As numbers usurpt necessarily reflect sparing squareity, Premier Wu Den-yih (???) is attempting to bosom abuse an unconventional approach to track economic activities to con a feel of the national pulse. just this instant his elevate references much(prenominal) as the stock index, restaurant revenues and the number of burden trucks on freeways could be a guise to cover up his and the untested lockers limited intimacy of macroeconomics, as well as a lack of vision to create economic policies. During an audience with the Chinese-language United Evening News on Thursday, Wu said that conventional economic measures, such as GDP, the unemployment yard and the consumer price index, to several(prenominal) extent fail to truly reflect how the habitual feels round the economy.Wu said that government officials should look into alternative measures, such as those mentioned above, because they are easily soundless by the public.Wus new approach sounds appealing, but it is doubtful that current economic information and traditional methods had anything to do with falling public entertain for the government. The familiar indices the new premier suggested are interesting, timely and well-fixed to grasp.

But they have their limitations, because they reflect the economic climate in the concise term and can be twisted by abnormal, unpredicted factors in some cases. What is of interest is that Wu recognized a spanking truth that the new Cabinet must live up to public needs when drafting economic policies. Wu rightly understood that this is appoint to political stability, which in turn is crucial to economic issue and long-term prosperity.The question is whether! Wu and his new economic team up make up of old Chinese Nationalist political party (KMT) technocrats, none of whom take in a strong knowledge of macroeconomics have gained a real understanding of what the public needs and what kind of economic throw out the nation should be pursuing.The economic challenges facing Taiwan now are its over-dependence on China, a fast deteriorating...If you want to get a adept essay, order it on our website: OrderEssay.net

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