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.
Project: Taiwan: Demonstrations and Policy Progress
Citation
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.