From April 1993 to September 1994, the Clinton administration conducted the first thorough review of US. policy toward Taiwan since 1979, when the Carter administration shifted US. diplomatic recognition from the Republic of China (ROC) to the People’s Republic of China (PRC). This review was needed because U.S. policy had not been adjusted during the intervening years to reflect Taiwan’s growing economic importance and political achievements. In the end, however, the policy revisions made by the Clinton administration fell far below the expectations of Taiwan and its people. Indeed, from the ROC’s point of view the Clinton administration’s long-awaited revisions were a dud.