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The booming business of free zones

The booming business of free zones

1 minuto Ease of doing business is one of the key indexes that will guide world economies in the next decade. FTZs and SEZs have emerged as critical hubs guiding investments, creating jobs, leading innovation and contributing to national economic development. Free zones offer businesses simple setup procedures, affordable rates, and favourable trading location, creating an environment hard to beat. Over time, FTZs and SEZs have emerged as necessary platforms a country creates to attract investment. Low costs – both for the establishing agency/economy Continue lendo

Special Economic Zones: A Model for the Middle East and North Africa

Special Economic Zones: A Model for the Middle East and North Africa

menos de 1 minuto The Middle East and North Africa (MENA) have enormous economic potential with remarkable natural resources and industrial production capacities. While considerable progress for economic reforms has been reached already, a deeper regional integration and stronger cooperation can provide the needed impetus for facilitated development and upgraded national as well as regional economic structures in the wider region. One economic and business tool that could help generate growth and encourage regional integration is the “Special Economic Zone” (SEZ).  SEZs can be 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

The U.S. Foreign-Trade Zones Program: Economic Benefits to American Communities

The U.S. Foreign-Trade Zones Program: Economic Benefits to American Communities

2 minutos Foreign-trade zones (FTZs or zones) provide tariff savings and other benefits to companies that engage in import and export operations in the United States. These benefits were provided by Congress beginning in 1934 to encourage U.S. economic activity in manufacturing and distribution, and employment that might otherwise be performed abroad. Economic analysis of the effects of FTZs is limited, particularly the impact of FTZs on economic activity and jobs in localities with operational zones. To remedy this deficiency, the National Association of Continue lendo

World Investment Report 2019 – Special Economic Zones

World Investment Report 2019 – Special Economic Zones

1 minuto The World Investment Report supports policymakers by monitoring global and regional foreign direct investment trends and documenting national and international investment policy developments. The policy chapter of this year’s report takes stock of efforts being made towards the reform of international investment agreements and surveys new measures.  Inclusive sustainable development depends on a global policy environment that is conducive to cross-border investment. Last year, global ows of foreign direct investment fell by 13 per cent, to $1.3 trillion. This represents the lowest level since Continue lendo