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The Political Economy of Special Economic Zones

The Political Economy of Special Economic Zones
Author: Lotta Moberg
Publisher: Taylor & Francis
Total Pages: 205
Release: 2017-03-16
Genre: Business & Economics
ISBN: 1315298945

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Did China solve the incentive problem? -- Did the Chinese SEZs lead to general reform? -- Chinese SEZs at their best -- Not a tool to avoid reforms -- Notes -- References -- 7. Dividing the Dominican Republic -- Did the Dominican Republic solve the knowledge problem? -- Did the Dominican Republic solve the incentive problem? -- Did the SEZs lead to general reform? -- How the SEZs helped the government avoid liberalization -- Why the Dominican SEZs persist -- Notes -- References -- PART III: The political economy of future SEZs -- 8. Implications for SEZ policy makers -- When to deal with the knowledge and incentive problems -- Meeting with the SEZ planners -- Notes -- References -- 9. The changing world of SEZs -- The role of the World Trade Organization -- Future threats -- The zones of the future -- Notes -- References -- Conclusion -- Index.


The Political Economy of Special Economic Zones

The Political Economy of Special Economic Zones
Author: Lotta Moberg
Publisher:
Total Pages: 34
Release: 2014
Genre:
ISBN:

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This paper is a first attempt to apply a robust political economy framework to explain when Special Economic Zones (SEZs) can contribute to economic development. A robust political economy is one that channels the actions of self-interested individuals with limited information to promote economic progress. In the right institutional context, SEZs tend to promote economic growth. In the wrong institutional context, they can cause resource misallocation and rent-seeking. Policy makers introducing SEZs must overcome the knowledge problem to avoid misdirected economic planning. Yet, the scheme can only fulfill its purpose if it also prevents destructive rent-seeking behavior, both from businesses and from government authorities. The political economy framework of SEZs can be applied to judge their potential efficacy, something that orthodox studies of country features such as natural resources, infrastructure and zone location fail to do. The Indian and Chinese experiences with SEZs illustrate these points.


The Political Economy of China's Economic Zones

The Political Economy of China's Economic Zones
Author: George T. Crane
Publisher: Routledge
Total Pages: 199
Release: 2019-07-04
Genre: Business & Economics
ISBN: 1315492431

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In 1979 China launched a new international economic policy with the establishment of four Special Economic Zones (SEZs): Shenzhen, Zhuhai, and Shantou in Guangdong Province and Xiamen in Fujian Province. Modelled loosely on export processing zones and free trade zones found in other less developed countries, the SEZs offer a variety of financial inducements to foreign investors in order to harness international business for national economic advantage. Designed to be a cornerstone of China's economic reforms, by 1985 the SEZs (in the mid-80s zone-like policies were extended to fourteen coastal cities) were scandal-ridden and fraught with serious problems. This work, the first book-length analysis in English of China's SEZs, examines the problems and promise of this innovative approach to "structural economic reform" and the comparative significance of the SEZs.


The Oxford Handbook of Industrial Hubs and Economic Development

The Oxford Handbook of Industrial Hubs and Economic Development
Author: Arkebe Oqubay
Publisher: Oxford University Press
Total Pages: 800
Release: 2020-07-23
Genre: Business & Economics
ISBN: 0192590944

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Industrialization supported by industrial hubs has been widely associated with structural transformation and catch-up. But while the direct economic benefits of industrial hubs are significant, their value lies first and foremost in their contribution as incubators of industrialization, production and technological capability, and innovation. The Oxford Handbook of Industrial Hubs and Economic Development adopts an interdisciplinary approach to examine the conceptual underpinnings, review empirical evidence of regions and economies, and extract pertinent lessons for policy reasearchers and practitioners on the key drivers of success and failure for industrial hubs. This Handbook illustrates the diverse and complex nature of industrial hubs and shows how they promote industrialization, economic structural transformation, and technological catch-up. It explores the implications of emerging issues and trends such as environmental protection and sustainability, technological advancement, shifts in the global economy, and urbanization.


Special Economic Zones in India

Special Economic Zones in India
Author: Amitendu Palit
Publisher: Anthem Press
Total Pages: 216
Release: 2008-07-01
Genre: Business & Economics
ISBN: 1843313499

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Special Economic Zones (SEZs) are turning out to be one of the stiffest challenges for India's economic policy reforms. Since the announcement of SEZ rules on 10 February 2006, these zones have aroused unprecedented controversy. The emotionally charged debate on SEZs has often produced inflexible positions on either side. The unusually strong public reaction has also forced policymakers to revisit several aspects of the policy in recent months. Why are SEZs so controversial? Will they really exacerbate income inequality, endanger food security and worsen regional imbalance? Or will they help Indian industry in taking its final leap onto the global arena? Only time will provide the answers. As the first book on India's SEZs, this volume examines different popular perceptions - both good and bad - surrounding these zones. Apart from the international evidence and the Indian story, the book looks closely at critical issues like financial viability, land requirements, extant rules and the political economy of SEZs. Admitting that the last word on the subject is far from being spoken, the book contends that the SEZ saga will be a test of strength for the country's social and political concensus on its economic policies and future reforms. Introduced by eminent economist Bibek Debroy, this book is a must read.


Special Economic Zones in Africa

Special Economic Zones in Africa
Author: Thomas Farole
Publisher: World Bank Publications
Total Pages: 328
Release: 2011-01-01
Genre: Business & Economics
ISBN: 0821386395

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"This book, designed for policymakers, academics and researchers, and SEZ program practitioners, provides the first systematic and comprehensive analysis of SEZ programs in Sub-Saharan Africa. It is the result of detailed surveys and case studies conducted during 2009 in ten developing countries, including six in Sub-Saharan Africa. The book provides quantitative evidence of the performance of SEZs, and of the factors which contribute to that performance, highlighting the critical importance not just of the SEZ itself but of the wider national investment climate in which it functions. It also provides a comprehensive guide to the key policy questions that confront governments establishing SEZ programs, including: if and when to launch an SEZ program, what form of SEZ is most appropriate, and how to go about implementing it. Among the most important findings from the study that is stressed in the book is the shift from traditional enclave models of zones to SEZs that are integrated ? with national trade and industrial strategies, with core trade and social infrastructure, with domestic suppliers, and with local labor markets.Although the book focuses primarily on the experience of Sub-Saharan Africa, its lessons will be applicable to developing countries around the world."


Special Economic Zones in Asian Market Economies

Special Economic Zones in Asian Market Economies
Author: Connie Carter
Publisher: Routledge
Total Pages: 326
Release: 2010-09-13
Genre: Law
ISBN: 1136901701

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Special Economic Zones (SEZs) have proliferated rapidly during the past decade and are set to multiply in the next – embracing not only Asia and Europe but also Africa and the Americas. This book is the first to examine the Asian experience of SEZs in China, India, Malaysia and the Philippines. SEZs are usually clearly defined geographic areas in which national, provincial or local governments use policy tools (such as tax holidays; improved infrastructure; less onerous or differentiated regulations and incentives other than those generally available in the rest of the country) to attract and promote private - usually foreign - investment from enterprises which commit to create employment and to export their products or services, and generating foreign currency for the host country. SEZs have been especially successful in bringing about economic development in Asia, especially in China. This book examines the origins, nature and status of special economic zones in Asia, together with the current trends connected with them, and the challenges they currently face. Although the World Trade Organisation cast doubts in 1995 on the future of special economic zones as a viable policy tool in the development agenda, special economic zones continue to be used, and favoured, as a way of encouraging foreign investment and economic development, with for example India, trying to emulate China, reincorporating special economic zones into its development policy. This book provides regional case studies of SEZs in Asian market economies to analyse the extent to which these zones serve the changing needs of Asian development.


Special Economic Zones and China’s Development Path

Special Economic Zones and China’s Development Path
Author: Yitao Tao
Publisher: Springer
Total Pages: 356
Release: 2018-10-05
Genre: Business & Economics
ISBN: 9811032203

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The book provides insights into the development of special economic zones, which are an important factor in the political and economic reforms in China. It discusses a number of topics, including the history and the modernization of special economic zones in China, the contributions of special economic zones to China’s economic success and cultural change, as well as the new mission of special economic zones in the current economic-social context. Applying institutional economics and growth poles theory, it discusses the mechanism of China’s path driven by special economic zone practices. The book is a valuable resource for researchers interested in special economic zones, political and institutional reforms and economic transformation during China’s modernization.


Studies on China’s Special Economic Zones 4

Studies on China’s Special Economic Zones 4
Author: Yiming Yuan
Publisher: Springer Nature
Total Pages: 242
Release: 2021-11-30
Genre: Political Science
ISBN: 9811656320

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This book collects articles on the achievements and experience of special economic zones during the China’s Reform and Opening-up in the past 40 years. The topics ranges from a historical summary of the development in special economic zones to its future prospect. Most of the articles analyze the policies applied for special economic zones and how they contributed to the economic growth, which provides the readers with an overview about how public policies helped cities develop. Some of the articles shift their focus to the role of special economic zones in larger area, i.e., Asia. These works exemplify the impact of China’s economic policies in long term. Moreover, the book includes the contribution of special economic zones to the economic development world-wide, such as places in Africa and areas of “One Belt One road”. Reader can benefit a thorough understanding of China’s special economic zones’ past and future through reading the book.