The Research on the Evolvement of Developing Countries' FDI Strategy: The Comparison Between Flying-Geese Model & Leapfrogging Model

In this economic globalization era, the FDI (foreign direct investment) coming from developing countries has already broken through the traditional "flying-geese" model. On the basis of the retrospect of traditional FDI theories and the comparison between flying-geese and leapfrog models, this paper studies the evolvement of developing countries' FDI strategy. The result indicates that the traditional flying-geese model is no longer suitable to developing countries' FDI strategy, and the international transfer of industry clusters' could be seen as an innovation of leapfrogging model, which is appropriate to the developing countries' internationalized growth.