Certain economists observe that following the Flying Geese pattern of development in the aftermath of the 1997-1998 Asian financial crisis has resulted in the recovery of East Asia. The 2008 global financial and economic crisis has once again led economists and policymakers to revive said model/pattern to energize the regional markets and develop new hubs of production networks. But what is this Flying Geese model of development? This EID explains all about it.
