Understanding Special Economic Zones: Impact on export

Nicholas Mushayi / Posted On: 31 May 2021 / Updated On: 25 March 2022 / Business General / 1

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Understanding Special Economic Zones: Impact on export

Introduction

Scholars define SEZs as geographical enclaves with liberal policies and special laws classified as fiscal, non-fiscal incentives and provision of excellent infrastructure to promote exports and foster export-led growth (Farole, 2010, Zeng 2015 and Bost, 2019). Special Economic Zones are a subset of a country's industrial and investment policy and must perfectly fit within such frameworks and work in harmony with other policies to archive intended results. Governments use several tactics to influence investment; education, especially STEM subjects, reforming businesses legislations and investing in research. Special economic zones are a tool used at this tactical level.

 

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