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The Flying Geese Paradigm: A Critical Study Of Its Application To East Asian Regional Development

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  • Shigehisa Kasahara

Abstract

It is often claimed that what is popularly known as the “flying geese paradigm” of dynamic comparative advantage has accurately depicted the East Asian catching-up process. This paper presents a critical study of the paradigm, as well as its application to the current situation in East Asian economic hierarchy. The paper first presents the various versions of the paradigm, and discusses similarities and differences among them. It then evaluates the application of the paradigm to the East Asian regional development context by identifying major theoretical, conceptual and empirical problems that come with it. It is the author’s hope that the arguments presented in this paper will contribute to the further enrichment of future discussions on the East Asian development experience.

Suggested Citation

  • Shigehisa Kasahara, 2004. "The Flying Geese Paradigm: A Critical Study Of Its Application To East Asian Regional Development," UNCTAD Discussion Papers 169, United Nations Conference on Trade and Development.
  • Handle: RePEc:unc:dispap:169
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    References listed on IDEAS

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    1. Jeffrey Frankel & Miles Kahler, 1993. "Regionalism and Rivalry: Japan and the United States in Pacific Asia," NBER Books, National Bureau of Economic Research, Inc, number fran93-1, June.
    2. Kojima, Kiyoshi, 1973. "A Macroeconomic Approach to Foreign Direct Investment," Hitotsubashi Journal of Economics, Hitotsubashi University, vol. 14(1), pages 1-21, June.
    3. Kojima, Kiyoshi, 1978. "Giant Multinational Corporations : Merits and Defects," Hitotsubashi Journal of Economics, Hitotsubashi University, vol. 18(2), pages 1-17, February.
    4. Hal Hill & Prema-chandra Athukorala, 1998. "Foreign Investment in East Asia: A Survey," Asian-Pacific Economic Literature, Asia Pacific School of Economics and Government, The Australian National University, vol. 12(2), pages 23-50, November.
    5. Kojima, Kiyoshi, 2000. "The "flying geese" model of Asian economic development: origin, theoretical extensions, and regional policy implications," Journal of Asian Economics, Elsevier, vol. 11(4), pages 375-401.
    6. Ozawa, Terutomo, 2001. "The "hidden" side of the "flying-geese" catch-up model: Japan's dirigiste institutional setup and a deepening financial morass," Journal of Asian Economics, Elsevier, vol. 12(4), pages 471-491.
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    JEL classification:

    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • F15 - International Economics - - Trade - - - Economic Integration
    • N65 - Economic History - - Manufacturing and Construction - - - Asia including Middle East
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • B29 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Other
    • N85 - Economic History - - Micro-Business History - - - Asia including Middle East
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business

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