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IS SRI LANKA FLYING WITH FLYING GEESE PATTERN? ANALYSIS OF EXPORT STRUCTURE

Abstract

Flying Geese Pattern (FGP) explain how East Asian countries achieved development through export diversification in mounting the technological advancement by imitating the path of head goose, Japan. Firstly, NIEs of East Asia join to the flock of geese. Currently China, India and Vietnam have joined to the FGP by diversifying their export structure from light manufacturing to high tech production. Based on above facts, this study has further scrutinized the idea of Wijewardena (2013) with special reference to the export sector in Sri Lanka to identify weather Sri Lanka is flying according to FGP in diversification of their export structure. As with findings, Sri Lankan export portfolio has limited to small number of items. Apparel products play the main role in export income by stagnating export structure for more than two years being a latest comer of Flying Geese Pattern. Hence, this is the time of Sri Lanka to flying ahead with flying geese flock through horizontal or vertical export diversification.

Keywords: Flying geese pattern, Export Diversification, Export Structure

For full Paper: fmscresearch@sjp.ac.lk