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Special economic zones: An operational review of their impacts

Special economic zones: An operational review of their impacts

5 minutos Special Economic Zones (SEZs) have become an increasingly popular instrument to promote economic development. Over the last two decades, in particular, SEZs have proliferated in emerging and transition economies. States promoting zones have sought to stimulate economic development both within and outside the zone.  Within the zone, states aim to attract investment that will lead to new firms and jobs, and to facilitate skills and technology transfers. Outside the zone, states aim to generate synergies, networks, and knowledge spillovers to foster additional Continue lendo

Value creation in free zones, building stakeholders resilience

Value creation in free zones, building stakeholders resilience

3 minutos Free zones are designed to attracforeign direct investment, to  support knowledgetransfer, to generateemployment and to drive upgrades in the hosteconomy, mostlythrough export stimulus. The net economic contribution of free zones has been a matterof   debate, primarily due to a lack of measurable data that  could be  compared acrossregions and industries.  Several countries across the globe are considering closing someof their free zonesout of concern that their contribution to the domestic economy may nothave been significant enough. In other words, free zones are supposed to create valuefor the governments that build them. It is more crucial than ever that a free zone generatethis value in order to justify its existence. Offering looser environmental regulation in free zones is no longera viable solution. The17 UN Sustainable Development Goals have become a standard to track environmentalimpact in global ventures. Businesses now use their green development strategies asmarketing hooks of credibility to lure customers and clients. Infrastructure,policies andprocesses in free zones must now incorporate a  sustainable component to be  trulycompetitive on the worldstage, and allow their client companies to do so too.  Thisrequires either adaptation or redirection when developing and Continue lendo

Special economic zones in Southern Africa  Is success influenced by design attributes?

Special economic zones in Southern Africa Is success influenced by design attributes?

menos de 1 minuto Special economic zones (SEZs) in Africa are generally regarded as underperforming relative to their peers in the rest of the world. This study focuses on the design features of the SEZ in Africa that may help explain this underperformance. Literature was reviewed to identify the key design attributes of SEZ programmes that could enhance their success. A case study of six Southern African countries—Mauritius, Namibia, South Africa, Tanzania, Zambia, and Zimbabwe—is then used to assess if these countries’ SEZ programmes Continue lendo

World FZO Outlook Report 2020

World FZO Outlook Report 2020

3 minutos 2020 began on a note of cautious optimism, with international institutions predicting an uptick in growth. The reality was starkly different. The Covid-19 virus spread across the world and brought in its wake uncertainty, fear and disruption on a scale not seen for generations. In recent weeks, this global pandemic has affected our entire lives, and more specifically, our livelihoods.  Forced to react, governments have taken drastic measures to quell the spread of this disease. Lockdowns, air travel embargos, and emergency stimulus Continue lendo

Leveraging a new generation of industrial parks and zones for inclusive and sustainable development – strategic framework

Leveraging a new generation of industrial parks and zones for inclusive and sustainable development – strategic framework

3 minutos UNIDO was among the first development agencies to define guidelines for the establishment of industrial parks in the 1990s.In the 2000s, several UNIDO publications addressed the issue of industrial parks such as UNIDO Industrial Development Report 2002/2003: Competing through Innovation and Learning and Industrial Development Report 2009: Breaking In and Moving Up: New Industrial Challenges for the Bottom Billion and the Middle- Income Countries.  A series of regional conferences on industrial parks were held from 2010 to 2015 in Azerbaijan, Slovenia and Belarus and led Continue lendo