Transcription of SPECIAL ECONOMIC ZONES
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SPECIAL ECONOMIC ZONES
CHAPTER IV. SPECIAL . ECONOMIC . ZONES . INTRODUCTION. SPECIAL ECONOMIC ZONES (SEZs) geographically delimited areas within which governments facilitate industrial activity through fiscal and regulatory incentives and infrastructure support are widely used across most developing and many developed economies. Although the performance of many ZONES remains below expectations, failing either to attract significant investment or to generate ECONOMIC impact beyond their confines, new ZONES continue to be developed, as governments increasingly compete for internationally mobile industrial activity.
established in the last five years. At least 500 more zones (approximately 10 per cent of the current total) have been announced and are expected to open in the coming years. The continued enthusiasm for SEZs among governments around the world belies the impact of these zones, which is often mixed. In developing economies that followed export-
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