The Dig: China Boom w/ Ho-fung Hung
Jacobin Radio
00:00
The Flying Geese Formation
Prior to the China boom, East Asia's booming export economy was structured as a so-called flying geese formation. The four tigers produced components that were assembled in Japan, which then manufactured and exported the highest value at good prices. In the 1990s, an economist article called Appender Break the Formation basically ripped apart the whole fine-case formation. So, because China is so big, so it absorbs everything and then it becomes a sign of centric production networks.
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