national development plan(2021-2024)1091201(update)
TRANSCRIPT
National Development Plan(2021 - 2024)
National Development CouncilJuly 2020
Table of ContentsNational Development Plan (2021-2024)
Formulation process
International situations Taiwan faced and policy evolution
National development strategies (2021-2024)
Digital innovation, launching new economic development model 2.0
Forging a happy society for care of all ages
People-centered sustainable development, shaping a LOHAS homeland for
balanced development
Peaceful reciprocity, pursuing peaceful foreign relations for generations
Macroeconomic targets (2021-2024)
Scenario simulation for Taiwan’s economic growth rate (2021-2024)
Important achievements of Taiwan’s economic development in the last 4 years
Conclusions
1Studying
global megatrends
3Macroeconomic
targets(2021-2024)
In accordance with Presidential term, embodying President’s governing rationales andPremier’s administrative priorities
1
2Analyzingmedium/long-termissues
4National
developmentstrategies
(2021-2024)
Incorporating President’s policy agenda, inauguration speech, and important projectsof ministries/commissions approved by the Executive Yuan
National Development Plan (2021-2024)
National construction plan National development planEconomic development plan
Since 1953 This is the 18th
medium/long-term plan.17 medium/long-term planshave been formulated.
Issuescollection
preliminarydrafting
consultationmeetings
revision according to
President’sinauguration speech
(May-June 2020)(May 2020)
Submitting toExecutive Yuan
for approval
(July 2020)
The formulation process
President’s policyagendaimportant projects ofministries/commissionsapproved by ExecutiveYuan
cross-ministerialconsultation meetingsfor nationaldevelopment strategiesexpert consultationmeeting formacroeconomic targets
adjustmentsforincorporatingimportantpolicy prioritiesin President’sinaugurationspeech
submitting toCouncil Meeting ofNDCsubmitting toExecutive Yuanweekly meeting
analyzingmedium/long-termissues related tonational developmentcollecting policyagendas of allpresidentialcandidates
issuing for compliance by all ministries/commissionsAccording to this functionally-categorized medium-term NDP, all ministries/commissions are toformulate their sectoral annual administrative plansand medium/long-term individual projects, so as toimplement all intended policies
approved byExecutive Yuan
42
(since Jan. 2020)(since Aug. 2019)
The international situations Taiwan faced and policy evolution
• economic development tiltingtowards China
• countries initiating Industry 4.0• accelerating regional economic
and trade integration• the rise of digital economy• climate warming exacerbating
• promoting ECFA, FreeEconomicDemonstration Zone,“Three industries andfour reforms” policy, Tenkey service industries, i-Taiwan 12 ConstructionProjects, regulatoryadjustments for theinternet age, Long-termcare system
• setting carbon emissionreduction targets
May 2012-May 2016
5+2 Industrial Innovation Planenergy transformation+ greentechnologyDIGI+Forward-lookingInfrastructure Project(1st 4-year plan)New Southbound Policyremoving investment barriersin 5 major aspectsLong-term Care 2.0promoting youth employmentpaying respect to mountains
New economic development model:Innovation, employment, equitabledistribution
• over-reliance on the Chinesemarket
• economic growth momentumcontinuing to slow down
• rapid development of digitaleconomy
• Fukushima nuclear disastertriggering anti-nuclear movement
a global key economic drivera blessed land in troubled times
US-China trade & technologywar spreadingCOVID-19 accelerating supplychain restructuringgeopolitical shocks, e.g. HongKong anti-extradition movement
6 core strategic industriestrillion investment planForward-lookingInfrastructure Project (2nd 4-year plan)DIGI+ 2.0Asia-Pacific Green EnergyCenterLong-term Care 2.0upgraded planInvesting in the youth
New economic development model 2.0:innovative growth, investing in employment, youthdistribution
May 2016-May 2020 May 2020-May 2024
5 opportunities Industry 4.0 trend (5G+, AI)
more obvious changes in the pattern of
international division of labor innovation power of key
components state role strengthening new economic and trade
order under US-Chinacompetition
paying respect tooceansBilingual Nation2030New Life Movementfor EpidemicPreventioncomfortable campus
Becoming
3
Forging new economicdevelopment model
Digital innovation,launching new economicdevelopment model 2.0
Forging a happy societyfor care of all ages
People-centered sustainabledevelopment,shaping a LOHAS homelandfor balanced development
Peaceful reciprocity,pursuing peaceful foreignrelations for generations
National development strategies (2021-2024)
development strategies
4
Forging 6 core strategic industries
making Taiwan a key driver for global economy
common strategies foroptimizing infrastructure environment
5+2 industrial innovationupgraded version
6core
strategicindustries
1
information & digital industries
cybersecurity excellence industry
precision health industry
national defense & strategicindustries
green energy & renewable energyindustries
livelihood & strategic stockpileindustries
5
I. Digital innovation, launching new economic development model 2.0
National development strategies (2021-2024)
new agriculture circular economy
continuingtopromoteindustrialinnovation,optimization&transformation optimizingTaiwan’sstartupecosystem
developing capital-deployment center forAsiabusinessesandhighasset&wealthmanagementcenter
forgingdigitalnation,smartisland
DIGI+2.0 (2021~2025)Programdedicated agency - Ministry of DigitalDevelopment information
telecommunication
network dissemination
cybersecurity
6
2 3
4 5
capital regulation
talent market
I. Digital innovation,launching new economic development model 2.0
Taking heartfeltcare of farmers
7
I. Digital innovation,launching new economic development model 2.0
cultivatingnewgenerationexcellentmanpower
industry-academia linkage
Higher Education Sprout Project
recruiting & retaining key talents
7
optimizinginnovativefinancialindustries
enhancingthesustainablefinancialstructure8 9
encouraging FinTech innovation
assisting industrial financing
promoting inclusive finance
strengthening debt management
improving financial management efficiency
implementing tax reform
forging a bilingual nation by 2030
dedicated promotion agency
universalized bilingual education
6
1 Improving long-term care systemAging locally, diversified continuous and universal
long-term care services
2Strengthening childcare services
3Investing in youth education,employment, starting business
Improving youth wages,investing in the youth
deferredloan interest
cultivationbases
youth education &employment saving
account program
youthstartupbases
NDF investing inyouth starting
business
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4 Implementing housing justice
urban renewal andreconstruction ofhazardous & old buildings
looking after the disadvantaged& the rental groups
優質社宅quality housing
II. Secure caring, forging a happy society for care of all ages
cultivationplans
at-home care,community care,professional care
caring &professionalservices
worry-freechildrearingfor parentsHigh quality& fair price,excellent &affordablechildcare
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6 7Boosting sports development
Building a stable and secure life
anti-drugSuppressing drug recidivismReducing new drug use
food securityimplementing the 5
aspects of food security
health careCompleting medical careand epidemic prevention &response systemPracticing the "New Life Movementfor Epidemic Prevention "
social securityEstablishing a safetyprotection system for children,the elderly & women
labor rightsMaintaining laboremployment,occupational safety,welfare, etc.
diverse ethnicgroups
Protecting rights ofindigenous peoples,Hakka, & immigrants
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II. Secure caring, forging a happy society for care of all ages
transitionaljustice
Restoring historical truth,promoting socialreconciliation
Promoting national sports culture
- Paying respecting to mountains, promoting outdoorsactivities in forests & mountains
talent cultivation
sports industries
international sports events
Deeply cultivating cultural heritageand cultural soft power
comfortable campusRepairing primary & junior-high
school buildings, changingelectricity, installing air conditioner
Combininginnovation andcreation to inheritcultureCompleting
support systemof arts & culture
Creating aNational Team toforging Taiwanculture brand
forging resilient & sustainableLOHAS homeland
promoting balanced Taiwandevelopment projects
implementing regionalrevitalization
10
constructing people-centeredtransportation & tourism networks
guiding industries to invest in the southof Zhuoshui River,reinvigorating employment &consumption of southern Taiwan
taking advantage of local strengths,reigniting innovative growthmomentum and promotingreturning of people to their home-town
innovative thinking,infrastructure construction satisfying livingquality of the next generation
holistic enhancement of transportationconstruction and service efficacyforward-looking planning of tourismindustries and medical tourism
strengthening forward-lookinginfrastructure construction project
III. People-centered sustainable development,shaping a LOHAS homeland for balanced development
implementing climate change adaptation,strengthening territory resilience andocean development, promoting co-prosperity & co-existence of human andenvironmentpaying respect to oceans, making everyinch of the coastline be managed
reform of defense affairs
• building a reliable combat force
• realizing national defenseindependence
• optimizing recruitmentmechanism
active international participation
• promoting practical diplomacy• expanding international participation• strengthening foreign economic and trade linkages• promoting New Southbound Policy
cross-Strait peace & stability• promoting positive cross-strait interaction• initiating cultural, educational, economic
and trade exchanges• strengthening security management
IV. Peaceful reciprocity,pursuing foreign relations for generations to live peacefully
11
2.54 2.6~3.4
28,180 29,006~29,584
3.88 3.5~3.8
0.28
(average from Jan. to Oct.)1.0~1.5
real GDP growth rate(%)
per capita GDP(US$)
employment rate (%)
core CPI increase rate(%)
2020(prediction)
2021-2024
Target range
Macroeconomic targets (2021-2024)
12
Source: DGBAS (Nov. 27, 2020) and NDC; the predicted 2020 unemployment rate is taken from the IHS Markit (Nov. 17, 2020).
baseline forecast
4-year average
Efficacy ofpolicies
downsiderisks
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intensified US-China trade andtechnology warthe development of COVID-19 vaccineand medicine is not as expected, andthe pandemic continues.increased geopolitical risksfluctuations of oil and raw materialprices, and shocks to internationalstock exchange & bond markets
Scenario simulation for Taiwan’s economic growth rate (2021-2024)
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investment-drivendigitalization-
driven
Macroeconomic targets of the Four-year Plan (2017-2020) to be achieved
Important achievements of Taiwan’s economic development in the last 4 years
economic growthrate (%)
2.5~3.0 2.90
per capita GDP (US$) 25,000~26,000 26,260
unemployment rate(%)
3.75~3.82 3.77*
CPI increase rate (%) maintaining under 2 0.57
Source: DGBAS (Nov. 27, 2020) and NDC.
Indicators Target values(average of 2017-2020)
Actual values(average of 2017-2020)
to beachieved
to beachieved
to beachieved
14
to beachieved
*The actual value of 2020 unemployment rate is calculated by using the predicted value from IHS Markit (Nov. 17, 2020).
Conclusions
After the National Development Plan2021-2024 is approved by the ExecutiveYuan, all government agencies are toimplement it with concerted efforts, so asto display the determination and efficacyof the government and to respond to thehigh expectation of the society.
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We have a government that can do things right!