AT THE moment of concluding this study, it is to be noted that the short-term objective of the policy that the United States has developed with respect to Formosa is being achieved. Formosa was to be kept from falling into unfriendly hands. This has been done, and by means that have entailed relatively little drain on American resources in short supply-military man power and modern weapons. It has been done by economic aid and by military assistance which have facilitated the efforts of the National Government to carry out political and economic reforms and to improve its capacity for self-defense. It has been done also by "neutralizing" Formosa at a critical period and by thus robbing the project of seizing the island by force of all of its allure.
Differences of opinion on the strategic importance of Formosa need not be argued. Whatever the strategic value, that value is being preserved for the time being, and can continue to be preserved as long as the aims of American policy call for allocation of the necessary means and as long as the American tax payer is willing to foot the bill. The probable future requirements of preserving this value constitute, however, one of the unresolved questions to be examined.
More important than the question of the continued