publication . Preprint . 2005

The Economic Impact of Globalization in Asia-Pacific - The Case of The Flying Geese

Christer Ljungwall; Örjan Sjöberg;
Open Access
  • Published: 01 Jan 2005
In Pacific Asia, globalization has resulted in rapidly growing international flows of goods, portfolio capital, and direct investments. At the same time, several countries shift from a command to market economy. Against this background, we analyze the perhaps most popular model used to depict the process of economic integration and development in Pacific Asia, the flying geese pattern of shifting comparative advantage. Our point of departure is that economic and other social processes are best understood in relation to one another. We confine ourselves to intraregional patterns of trade and investment but locate them within the broader framework of global trends...
free text keywords: Asia, globalization, Flying Geese Model, Comparative Advantage, jel:F02, jel:F15, jel:F21, jel:O53

Table 1. Foreign direct investment inflow to ASEAN and China. U$D 100 million. Region 1996 1997 1998 1999 2000 2001 2002 2003 ASEAN 299.1 339.3 221.6 272.5 234.1 193.5 134.6 193.5 China 417.2 452.7 454.6 403.2 407.2 468.8 527.4 535.5 Source: China Statistical Yearbook 2004, and ASEAN Statistical Yearbook 2004. Mainland China excluding Hong Kong.

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