Table: Taiwan's Southern Strategy

              AMOUNT INVESTED  MAJOR INVESTMENTS        PROS AND CONS
      VIETNAM       $2.5 billion     Infrastructure projects  Cheap workforce,
                                     funded by companies      but bureaucratic
                                     tied to Taiwan's         hassles
                                     ruling party
      INDONESIA     $7.7 billion     Labor-intensive indus-   Abundant labor, but
                                     tries owned by small-    lingering anti-
                                     and mid-size Taiwanese   Chinese sentiment
                                     companies
      PHILIPPINES   $740 million     Subic Bay industrial     Close bilateral ties,
                                     park backed by Taipei    but poor infrastruc-
                                                              ture
      MALAYSIA      $7.3 billion     Computers and peri-      Close to locally-based
                                     pherals made by com-     multinationals, but
                                     panies such as Acer      small market
                                     and ASE
      THAILAND      $5.1 billion     Electronics manufac-     Highly skilled workers
                                     turing and financial     but rising labor costs
                                     services
      
      DATA: BUSINESS WEEK
      
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