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Th e article is the attempt to verify if a long-time existing paradigm of "fl ying geese" (FGP) might be applied to describe development among the European Union (EU) countries considering foreign direct investment (FDI) fl ows. Up to now the pattern has been widely used to investigate the process of catching up on growth in the East Asia both in theory and development policy. Although FGP is well known among the Western theorists, it has not been exploited to explain a less advanced economies'doi:10.14254/2071-8330.2016/9-2/1 fatcat:b446hpwwmfdltjxbzsiquxa36u