Which of the following statements about Akamatsu’s flying-ge…
Which of the following statements about Akamatsu’s flying-geese hypothesis is correct? The flying-geese hypothesis characterized the sequential “take-off” of Asian countries in terms of their industrialization, which is similar to wild geese fly in orderly rank of an inverse V shape formation. The flying-geese hypothesis describes how a low-income country can break away from the low-level equilibrium trap. The flying-geese hypothesis has generated positive sentiment to FDI among Asian nations.