Taiwan’s wildly-successful export economy has made it one of the wealthiest countries on earth. But, according to The Economist’s Big Mac index, there’s a secret sauce: it has perhaps the world’s most undervalued currency. That makes the island’s manufacturers more competitive abroad. But, at home, ordinary Taiwanese find themselves much worse off. So, Ethan travelled to Taipei to find out how the currency has stayed so weak for so long and what that means for Taiwan’s relationship with America.
Hosts: Ethan Wu, Mike Bird and Alice Fulwood.
Transcripts of our podcasts are available via economist.com/podcasts.
Listen to what matters most, from global politics and business to science and technology—subscribe to Economist Podcasts+.
For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account.
","author_name":"The Economist"}