If rich businessmen bring both strengths and liabilities to politics, then Terry Gou brings them in spades
bring both strengths and liabilities to politics, then Terry Gou brings them in spades. He is Taiwan’s richest man, with an estimated fortune of $7bn, so he should have no trouble funding the campaign for president he announced last week. What is more, few people in the world could claim to have created more jobs: starting with a tiny loan from his mother, he built the biggest contract-manufacturing company in the electronics business, Foxconn, which makes iPhones for Apple, among other things.
Then again, China has the rest of Taiwan by the neck, too. Around 1m Taiwanese, about a tenth of the labour force, work in China. Together with Hong Kong, China hoovers up about 40% of Taiwan’s exports. China rewards emollient Taiwanese governments with economic fillips such as a boom in tourism from the mainland, and punishes standoffish ones by taking them away. Thehas responded to this system by not formally renouncing the goal of reunification and by seeking to strengthen economic ties.
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