Erika Rasure is recognized worldwide as a leading expert, researcher, and educator in client economics. She is a financial therapist and transformational counselor, with a specific interest in helping women learn how to invest.
Erika Rasure is recognized worldwide as a leading expert, researcher, and educator in client economics. She is a financial therapist and transformational counselor, with a specific interest in helping women learn how to invest.
Investopedia / Zoe Hansen
While there are benefits for businesses, Americans, or entities operating in an SEZ, the macroeconomic and socioeconomic benefits to a country with an SEZ strategy are up for debate.
Special Economic Zones are designed to create and stimulate economic growth. One of its main objectives is to capitalize on foreign direct investment. SEZs are specially designated areas, obviously explained through physical barriers and controlled through a single authority. Users and investors of SEZs can be assured of benefits by adding favorable regulations and taxes.
Some of the most common types of special economic zones are flexible industrial zones, export processing zones, retail parks, and specialized zones. Many of them offer users tax incentives, such as exemption from tasks and other fees, and foreign direct investment. .
Special economic zones can be discovered all over the world, but some of the most successful are in China. The country began creating SEZs in the 1980s as a way to spice up economic expansion to leverage global capital such as corporations and foreign investors. He showed interest in the country’s economic potential. The federal government revitalized existing SEZs and created new ones in the 1990s to continue to drive this expansion.
Shannon Room. “Shannon Free Trade Zone. “
UNCTAD. ” New Global Alliance of Special Economic Zones to Boost Development”.
BU Center for Global Development Policy. “The Political Economy of Special Economic Zones: The Cases of Ethiopia and Vietnam. “
Clyde D. Stoltenberg. China’s Special Economic Zones: Their Development and Prospects”, pp. 637-639. Enquête sur l’Extrême-Orient, 1984.
Clyde D. Stoltenberg. China’s Special Economic Zones: Their Development and Prospects”, 643. Enquête sur l’Extrême-Orient, 1984.
Francisco A. Lee. China’s Superpower: Conditions for High Growth,” pp. 27-28, Springer, 1996.
World Bank. China’s Special Economic Zones”, 1.