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Vol 1 (AAC) No 11

Published 1st September 2008

Dollar diplomacy fails

Since the UN switched diplomatic recognition to Beijing in 1971, Taipei's allies have dwindled to just 23 countries

The opportunities for African states to benefit from the bidding war between Taiwan and China are almost over. Taipei officials believe that 'dollar diplomacy' has failed: Taipei has lost the competition for global supporters to Beijing's superior commercial and diplomatic firepower. Newish President Ma Ying-jeou's more conciliatory approach to Beijing signals a shift from past rivalries to a subtler approach in which Taipei emphasises its concern with transparency and political pluralism.

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