Taiwan is getting a good deal of praise in the investment press of late. While the rest of Asia crumbles, it has held relatively firm.
Its stock market has retreated but not crashed and the economy is holding up much better than its regional neighbours.
The quick retort to this from those that do not like the comparison is that Taiwan has always been relatively closed to foreigners and, thus, was not as exposed to the panic that gripped other markets.
There is some truth in this although not enough to diminish the credit the Taiwanese authorities must be given for their performance in achieving stability.
However, there are three areas in which Taiwan does not look so good and that are likely to slow its growth when the rest of Asia recovers.
The first is that Taiwanese are not big investors, at least not in Taiwan. As the first chart shows, Taiwan's ratio of gross fixed capital formation, or investment, to gross domestic product is less than 22 per cent, the lowest in Asia - lower even than the Philippines. The average for the rest of Asia - excluding Japan - is more than 35 per cent.
The response of the Taiwanese to this is that they invest heavily abroad; witness the coastline industries of the mainland.
