Understanding Special Economic Zones: Impact on export

31/05/2021 3:14 PM


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 countrys 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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