The Dragon and the Flying Geese: The Effects of the Emergence of China on Patterns of Growth and Development in Asia

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The paper examines the transformation of Asian economies over the past three decades, highlighting their remarkable growth and the unique development model that emphasizes work ethics, savings, and investment. It details the Flying Geese model, illustrating how Japan's economic strategies influenced neighboring countries. However, the landscape shifted in the 1990s with Japan's economic crisis and China's rise as a global economic power. The analysis questions whether this shift has transitioned Asia from a complementary economic environment to a competitive landscape for foreign direct investment and export markets.