Herb hits hard: typhoon highlights inadequate protection measures
Article Abstract:
The failure of flood control measures in Taiwan to mitigate the damage wrought by Typhoon Herb has increased calls for political accountability and integration of environmental concerns into economic policies. Flood control facilities in Taipei, which cost $3.6 billion, failed to divert flood waters. The 200 cm of rainfall over two days and 250 km per hour winds caused at least 44 deaths and numerous mudslides. Illegal luxury hillside developments, bought with bribery of public officials, are believed to have worsened the floods by violating environmental controls.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
Price of progress; corruption in public-works jobs gets too big to ignore
Article Abstract:
A government investigation of bid-rigging practices by Taiwan's state-owned China Engineering Consultants involving air conditioning and electrical systems at the Chiang Kai-shek International Airport is only one of the largest of such cases to become public lately. Corruption in Taiwan's public-works projects has become so rampant that they are seriously eroding public confidence. Taiwan's Justice Ministry states that it intends to resolve this particular case which suggests the involvement of pressure from organized crime.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
A long list of woes
Article Abstract:
Bankers in Taiwan agree that the govt is the source of most of their problems, citing both the close personal network between officials and top executives and a penchant for overregulation. Recent scandals illustrate the abuse to which such a system is vulnerable, and reveal a desperate lack of trained, experienced govt auditors and supervisors. Local bankers must also compete with huge, well-connected state-run institutions, while foreign banks complain of double standards and rules creating inefficient markets.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Compromise sought: dispute highlights scope of China piracy problem. News Corp. pursues China alliance for Star TV to rescue floundering Asian satellite operations
- Abstracts: H share offers start rolling into place. Boost to China B shares. New Year for China shares
- Abstracts: Visitation rights: Clinton and Jiang agree on state visits. A case of nerves. High anxiety
- Abstracts: Heuristic approaches for n/m/F/sigma Ci scheduling problems. Heuristic procedure for minimizing makespan and the number of required pallets
- Abstracts: Ad agencies are following clients in Asian expansion. Asian ad-agency stocks may be a very tough sell. Singapore folks are talkin' 'bout a (phone) revolution