A few weeks after dining with Obama at the White House, Paul Krugman was invited to Taiwan for a similar, less secretive, discussion.
Taiwan President Ma Ying-jeou asks Paul Krugman for economic cure
Taiwan News, Staff Writer
2009-05-14 08:22 PM
TAIPEI (Taiwan News) – President Ma Ying-jeou asked Nobel Economics Laureate Paul Krugman for advice Thursday on how to cure Taiwan’s economic ills.
Receiving the prominent U.S. economist and columnist at the Presidential Office, Ma told him about the recent developments in Taiwan’s economy. Even though there was optimism that an upturn could begin later in the year, economic growth, exports and employment were still performing poorly, Ma said.
Prominent businesspeople and politicians said Krugman wasn’t bringing a joyful message. According to Krugman, “the future economic recovery still needs a long road, so you can say he is rather a pessimist,” Vice President Vincent Siew told reporters.
[Prominent business leader Theodore] Huang expressed disappointment at Krugman’s prediction that it might take up to four years to leave the current crisis behind, while Chang turned his arrows on President Ma, saying he had not done anything apart from improving trade relations with China.