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"Either grassroots communications like the Straits Forum or the favorable policies the mainland issued for Taiwan residents is of the correct direction that leads to better exchanges," he said.

"Demand for cars in countries like Spain, Italy and the UK will probably be very slow to recover. The same applies to the US," he said.

"Deeper reforms on value added tax, commencing on April 1, will further relieve the pressure on small businesses and boost economic activity," Ng said.

"Female leadership can contribute a lot more than we expected to corporations. They can offer fresher views and methods on the same issue, and they have many unique perspectives in innovation, especially those related to arts and culture. These are needed especially in the emerging industries, like AI," he said.

"Deglobalization sounds good until you need to design a product in a competitive marketplace," the report said, adding that globalization happens because it creates value and broadens a corporation's capabilities.