Asset building is emerging across Taiwan as a central socioeconomic policy theme. Momentum has built since the success of the Taipei City government’s three-year “Taipei Family Development Account” (TFDA) pilot program in 2000. The TFDA experience demonstrated that low-income families in Taipei can accumulate assets for the future and that institutionalized incentives play an important role in long-term saving and investment plans of the poor. Experience with Individual Development Accounts (IDAs) in the United States has informed implementation of the pilot TFDA program.
Cheng, L. (2007, January). Asset-based policy in Taiwan: Demonstrations and policy progress (CSD Policy Brief No. 07-33). St. Louis, MO: Washington University, Center for Social Development.