Taiwan Elections 2024: Key Candidates, Issues, and Insights for Political Landscape

Taiwan Elections 2024: Taiwan has begun polling for the next presidential elections, with over 19 million eligible voters, including one million first-time voters. The country has set up 18,000 polling stations across the island to facilitate voting. The elections polls 2024 in Taiwan are expected to be closely contested, and the outcome will have significant implications for the future of Taiwan’s relationship with China and its role in the international community. Political parties are focusing on key issues such as economic growth, national security, and cross-strait relations in their campaigns to win over voters.

The electorate will receive three different ballots: one for the regional representative, one for the presidential candidate, and one for the aboriginal legislator. There will also be a ballot for the political party that determines the legislators at large. Taiwanese voters have elected the successor of Tsai Ing-wen, the country’s first female president. Tsai led the Democratic Progressive Party (DPP), which is viewed unfavorably by China, a nation that considers itself sovereign like Taiwan. In a democratic nation, citizens shape the country’s future through their vote. President Tsai Ing Wen urged people to cast three ballots, just as she did in New Taipei City on Saturday.

Taiwan Elections 2024

What's In the Article

The year 2024 is set to be a significant one for Taiwan as the country prepares for its next presidential election. As one of the most vibrant democracies in Asia, Taiwan’s elections always draw international attention and have far-reaching implications. In this blog post, we will explore the key players, issues, and potential outcomes of the upcoming Taiwan Elections in 2024. Whether you’re a political junkie or simply interested in global affairs, this article will provide valuable insights into the future of Taiwan’s political landscape. So, let’s dive in and examine what lies ahead for this dynamic island nation.

The 2024 Taiwan elections are just around the corner, and the political landscape is heating up. As one of the most crucial political events in recent years, these elections will have a significant impact on Taiwan’s future direction. In this blog post, we will dive into the key players, issues, and potential outcomes of the upcoming elections. Whether you’re a political junkie or simply interested in understanding the dynamics of Taiwanese politics, this article will provide you with valuable insights. So buckle up and get ready for an exciting journey into the world of Taiwan’s 2024 elections!

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Taiwan Elections

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Why Taiwan elections are important for the world

Taiwan’s population exceeds 23 million people, and the world is impacted by election outcomes. China claims the 36,193 sq km of Taiwan, which hosts 90% of the global semiconductor supply. This underscores Taiwan’s significant economic role in the global economy, with an estimated 46% share of the world’s semiconductor foundry capacity. Semiconductor chips have become essential for the global economy, often referred to as the “new oil” of the technological era due to their necessity in powering modern equipment. The capital of Taiwan has restructured its focus, placing importance on the country’s semiconductor industry, among other priorities.

For years, the Taiwanese Strait has been a focal point of geo-economics tension, with a rise in military aggression directed at China. Xi Jinping, China’s top leader, has solidified Beijing’s control over Taiwan by regularly sending ships and warplanes to the region.

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Who are the 3 candidates?

Lai Ching-Te

Lai Ching-te, who is currently Taiwan’s Vice President from the Democratic Progressive Party, has been a vocal advocate for Taiwan’s independence from China. Despite facing criticism from Beijing due to his self-identification as a “pragmatic worker for Taiwan independence,” Lai has remained steadfast in his beliefs and promises to strengthen the country’s defense capabilities and financial system if elected president. He also plans to continue following the policy path set by current president Tsai Ing-wen. With Lai at its helm, Taiwan could see significant progress towards its goal of maintaining its sovereignty and autonomy.

Hou Yu-Ih

Hou Yu-it is a prominent political figure in Taiwan, currently running as the candidate from Kuomintang (KMT), which is considered one of the most important competition parties in the country. The KMT retreated to Taiwan after a civil war against the Chinese Communist Party in 1949. Hou has an extensive background in law enforcement, having served as the head of Taiwan’s police force before transitioning into politics in 2010. Currently, he holds the position of mayor of New Taipei but has taken leave to run for president. One of his main campaign promises is to strengthen national defense and resume negotiations with Beijing, highlighting the complex relationship between Taiwan and mainland China.

Ko Wen-Je

Ko Wen-je, the founder of the Taiwan People’s Party, is a third candidate for the upcoming presidential elections in Taiwan. He is a well-known figure in Taiwanese politics and has served as the mayor of Taipei from 2014 to 2022. Ko is an outspoken surgeon-turned-politician who advocates for Acentrale Street for family members in Beijing. He positions himself as someone who can bridge the gap between the United States and China and has previously worked with both the DPP and KMT parties. Despite being from a smaller party, he has gained significant support, making him a contender in the upcoming elections.

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Who can be the Next president?

Vice President Lai Ching-te, a member of the Democratic Progressive Party (DPP), hopes to secure his party’s third consecutive term by running alongside outgoing President Tsai Ing-wen. Lai, who hails from Tainan, is expect to campaign heavily in his hometown and other key regions across Taiwan. The DPP has long been associated with advocating for Taiwan’s independence from China, a stance that has often put it at odds with Beijing. Despite these challenges, Lai remains optimistic about his party’s chances and is committed to promoting democracy, freedom, and human rights in Taiwan.

What does China say?

Amidst rising tensions, China has warned Taiwan that it may have to choose between peace and war. The Chinese government has also criticize the Democratic Progressive Party (DPP) for promoting separatist ideologies. Beijing asserts its sovereignty over Taiwan and has made it clear that it would resort to force if Taiwan declares independence. The political climate between the two countries remains fraught, with both sides holding firm on their respective positions.

China has sent fighter jets and warships near the island to reinforce its warnings. A conflict in the Taiwan Strait could disrupt the global economy and involve the Unite States. China and Taiwan have strong economic ties, with an estimate 1 million Taiwanese residing in mainland China for work, study, or other activities.

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Peace in China and Taiwan- What stakes?

As per Chris Miller’s ‘Chip War, The Battle for the World’s Most Crucial Technology’, Taiwan’s peace is maintain by the entire global economy. Any interruption in semiconductor production could have significant effects on the industry’s economy. Possibly even more so than COVID-19 or the Ukraine conflict, according to Miller.

Recently, Taiwan Semiconductor Manufacturing Co. (TSMC), the largest contract chip manufacturer globally with Apple and Nvidia as major clients. Has become crucial to Taiwan’s dominance in the semiconductor industry. Additionally, China purchases chips made in Taiwan.

In 2023, Taiwan sold more than $47 billion worth of electronic integrate circuits. Also known as chips, to China, according to initial data. Certain experts claim that China’s dependence on chips produced in Taiwan is so significant that it reduces the likelihood of an attack, as damage or disruption to Taiwan’s chip factories could severely impact China’s economy.

Taiwan Election Results 2024: Towards balance or war of words path with China?

The Democratic Progressive Party, which is anti-China. And the pro-U.S. candidate Lai Ching-te are leading the polls in the election, while the Kuomintang candidate Hou Yu-ih, who is view as being more accommodating towards Beijing, is trailing. The election presents a clear decision for the Taiwanese people: one between peace. Advocated by the Kuomintang, and democracy. Promote by the Democratic Progressive Party. Lai is significantly ahead in the polls. Indicating a potential extension of the Democratic Progressive Party’s leadership.

Should the Kuomintang, which follows a ‘One China’ principle, win. It is expect that relations between Taipei and Beijing will improve due to the party’s accommodating approach towards Beijing. This improvement could also reduce the immediate threat of military conflict. Thus preventing a potential disruption in semiconductor supply chains worldwide.

Taiwan Elections 2024 FAQ’S

How long is a presidential term in Taiwan?

The Examination Yuan has a president, a vice president, and between seven and nine members, all of whom are, with the consent of the Legislative Yuan, appointed by the President of the Republic of China for four-year terms.

Who won in Taiwan?

William Lai Ching-te from the governing Democratic Progressive Party (DPP) has won Taiwan's presidential election.

What is the religion of Taiwan?

Buddhism, Taoism, and folk religion

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