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4 minutos The term “special economic zones” (SEZs) is a generic term encompassing various forms of specially designated clusters of industrial and high-value-added activities whose operators receive incentives not received by other economic operators. SEZs can also be defined as geographically demarcated areas where economic laws are more liberal than in the rest of the country. As a result, they include a variety of forms and types. The key message of the present study for the Southern African subregion is that countries around the Continue lendo→

menos de 1 minuto In the past thirty years, China has achieved phenomenal economic growth, an unprecedented development “miracle” in human history. How did China achieve this rapid growth? What have been its key drivers? And, most important, what can be learned from China’s success? Policy makers, business people, and scholars all over the world continue to debate these topics, but one thing is clear: the numerous special economic zones and industrial clusters that emerged after the country’s reforms are without doubt two important Continue lendo→

1 minuto Special economic zones (SEZs) have been used by many developing countries as a policy tool to promote industrialization and economic transformation. The World Development Report 2020 also recognizes the possibility of using SEZs as a means of facilitating global value chain participation. As a “high-risk, high-reward” instrument, the global results of SEZs in developing countries are quite mixed. Results vary significantly with some regions or countries. As an industrial policy tool, an SEZ is supposed to complement market forces by helping to Continue lendo→