ASIA: Taiwan’s rural finance in trouble*

Things in Taiwan are rarely as simple as they seem on the surface and so it is with the recent events concerning the credit unions of the farmers’ and fishermen’s association.On the surface it is fairly simple. Taiwan’s farmers and fishermen’s associations were formed over a century ago – when Taiwan was still a Japanese colony – with the aim of forming a link between the farmers and the government. Advice and scientific methods could be disseminated through the farmers’ associations and thus ra…

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