Discussion Post: Please answer with 1 paragraph. Describe the flying-geese pattern of economic growth? What countries...

Discussion Post: Please answer with 1 paragraph.

Describe the flying-geese pattern of economic growth? What countries have pursued this strategy?

Expert Solution

During the 1930s the theory of the flying geese pattern of development was launched in Japan during. The theory of flying geese describes how an undeveloped country can become developed comparatively fast. According to this theory, undeveloped countries embrace appropriate labor-intensive industries from more industrialized ones. Initially, the production is done for the home market however it begins to export as soon as its industries have developed robust enough. Products are simple, crude and cheap, in the beginning, and progressively the quality of products is raised. The practice is repeated continuously and uninterruptedly which in turn leads to a rapid process of national economic development. Countries which have pursued this strategy are Japan, South Korea, Singapore, Taiwan, and Hong Kong, Thailand, Malaysia, and Indonesia and finally, the least developed major nations like China, Vietnam, the Philippines, etc.

Rahul Sunny answered 3 years ago

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