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Trump shoots down the ‘Flying Geese’ theory of international trade

Michael Lind, a professor at the University of Texas (Austin), is a proponent of a national industrial policy.  In an article appearing in American Compass, he focuses his attention on the flaws of the reigning paradigm for trade used by globalists: the flying geese theory.

Lind described the flying geese theory as such:

The “flying geese theory” of trade was proposed by the Japanese scholar Kaname Akamatsu in the 1960s and was much discussed in the West in the 1980s and 1990s.  It is a theory of global economic development, in which a leading nation, Japan or the U.S., is compared to a lead goose followed by a flock of developing nation geese.  The geese that trail behind eventually catch up with where the lead goose was, but by that time the lead goose has moved on.  So the whole world moves in the same direction of increasing technological and economic development, but the relative positions of nations in the hierarchy remain stable over time.

Read the full story from American Thinker


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