ABSTRACT
Economic cooperation between different countries can be understood in two different ways. Apart from specific projects jointly financed or operated by the nationals of more than one country, or functional cooperation, such as in foreign aid by two countries to a third country, the term "economic cooperation" may be understood more broadly. Implementation of its economic policy is predicated upon the ongoing, extremely active process of domestic political restructuring taking place in Taiwan as well as changes occurring in the international environment. Two political obstacles to the restructuring of Taiwan's external markets have been the lack of formal diplomatic relations between the Republic of China (ROC) and the majority of Taiwan's trading partners, and the ROC's absence from most international organizations and agreements like the IMF, the World Bank, and GATT. In the context of Taiwan's domestic politics, a small group in the opposition Democratic Progressive Party is both militant and separatist.
