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How Do Special Economic Zones and Industrial Clusters Drive China’s Rapid Development?

How Do Special Economic Zones and Industrial Clusters Drive China’s Rapid Development?

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

The Dos and Don’ts of Special Economic Zones

The Dos and Don’ts of Special Economic Zones

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

Handbook of Research on Special Economic Zones as Regional Development Enablers

Handbook of Research on Special Economic Zones as Regional Development Enablers

menos de 1 minuto Special economic zones (SEZs) are important doorways for countries to attract foreign investment and promote trade. A strong correlation between the creation of SEZs and economic development indicators has also been identified in previous studies, at the municipal level, in China. Thus, the fundamental question that needs to be explored is to what extent SEZs can play the role of development enablers in different regions, development states, and institutional settings. The Handbook of Research on Special Economic Zones as Regional Development Continue lendo

Handbook on special economic zones in Africa -Towards economic diversification across the Continent

Handbook on special economic zones in Africa -Towards economic diversification across the Continent

2 minutos Special economic zones are widespread across the developing world. Policymakers seek to develop special economic zones with the aim of attracting foreign direct investment, achieving higher experts and creating jobs. Indirect economic benefits range from upgrading of the local industrial base to being catalysts for innovation, knowledge and technological spillovers. Against a backdrop of growing global interest in zone-based development strategies, an increasing number of countries are adopting new special economic zone regimes or revitalizing existing ones. At the regional level, attempts Continue lendo

Transnational corporations: special issue on special economic zones

Transnational corporations: special issue on special economic zones

1 minuto Volume 26 number 2 of the Transnational Corporations journal is a special issue dedicated to special economic zones (SEZs) and their potential as vehicles for development. The issue grew out of research and background papers that fed into UNCTAD’s World Investment Report 2019, the thematic focus of which was SEZs.  In compiling this issue, we sought to contextualize the emergence of SEZs, their evolution, and the associated policy trajectories that underpin them. This introductory paper amalgamates observations from the broader academic literature, Continue lendo