Abstract
The experience of NIES showed that developing economies could catch up with advanced countries by applying the Export-led Growth Model (ELG). A few years ago, our study on the case of China showed that China was a successful case in applying the ELG. Therefore, ELG can be applied to most developing countries, especially large developing countries because China is the largest developing country in the world. However, there is still a dispute over this model in the literature of development economics. This paper will demonstrate further this idea with new data and answer some critical questions: Is China a good case of ELG and how can we prove it relatively? Can ELG be continued in the face of regionalism and the shrinking world market today? What is the mutual relationship between growth of exports and GNP? Is the size of large developing countries the big obstacle to application of ELG? Is low trade ratio a characteristic of 4 Iarge country or a Giant?
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