Abstract
ABSTRACT In June 2017, Taiwan implemented the Children’s Future Education and Development Account (CFEDA) program. However, the performance of and engagement with the program has been much lower than expected, implying the necessity of reviewing the program. The present study analyzes this program by adopting a value-critical approach and comparing its elements with 10 core elements by Sherraden et al.. Through this analysis, several limitations were identified. The most important are that relatively few children are eligible for the CFEDA and, of those, few apply for the program; this is due to the restrictive and parsimonious nature of the program and low incentives for engagement. Similar to child development accounts, the CFEDA represents a program with right-wing characteristics implemented in leftist political circumstances. The authors suggest that the government eliminate the selective and parsimonious nature of the program, and develop a program that more closely accords with the core values.
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