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An Overview of Export Processing Zones: Selected Asian Countries

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Abstract

This paper surveys the literature on the performance of Export Processing Zones (EPZs) that have used benefit-cost analytical framework. Survey reveals that as industrial development proceeds, the gap between market and opportunity cost of labour narrow and the interest on EPZs tends to disappear. Interest on EPZs may hold only if the zones generate private profit to domestic shareholders. Recent policy measures of the World Trade Organisation may eventually result in lower rates of private returns and may possible threat to the existing and new EPZs.

Suggested Citation

  • Jayanthakumaran, Kankesu, 2002. "An Overview of Export Processing Zones: Selected Asian Countries," Economics Working Papers wp02-03, School of Economics, University of Wollongong, NSW, Australia.
    • Handle: RePEc:uow:depec1:wp02-03
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    File URL: http://www.uow.edu.au/content/groups/public/@web/@commerce/@econ/documents/doc/uow012121.pdf
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    References listed on IDEAS

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    1. Hamada, Koichi, 1974. "An economic analysis of the duty-free zone," Journal of International Economics, Elsevier, vol. 4(3), pages 225-241, August.
    2. Jinghan Chen, 1993. "Social Cost‐Benefit Analysis of China's Shenzhen Special Economic Zone," Development Policy Review, Overseas Development Institute, vol. 11(3), pages 261-272, September.
    3. Steve Curry & John Weiss, 1993. "Project Analysis in Developing Countries," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-37850-6.
    4. Johansson, Helena & Nilsson, Lars, 1997. "Export processing zones as catalysts," World Development, Elsevier, vol. 25(12), pages 2115-2128, December.
    5. Raymond Vernon, 1966. "International Investment and International Trade in the Product Cycle," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 80(2), pages 190-207.
    6. Willmore, Larry, 1995. "Export processing zones in the Dominican Republic: A comment on Kaplinsky," World Development, Elsevier, vol. 23(3), pages 529-535, March.
    7. K. Jayanthakumaran & John Weiss, 1997. "Export Processing Zones in Sri Lanka: A Cost-Benefit Appraisal," Journal of International Development, John Wiley & Sons, Ltd., vol. 9(5), pages 727-737.
    8. Warr, Peter G, 1989. "Export Processing Zones: The Economics of Enclave Manufacturing," The World Bank Research Observer, World Bank, vol. 4(1), pages 65-88, January.
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    Cited by:

    1. Anwar Mohammad Amir, 2014. "New modes of industrial manufacturing: India’s experience with special economic zones," Bulletin of Geography. Socio-economic Series, Sciendo, vol. 24(24), pages 1-19, June.
    2. Khondaker Mizanur Rahman & Rafiuddin Ahmed, 2014. "Globalization of Malaysian Economy – With Special Focus on the Role of Growth Enclaves," International Journal of Economics and Empirical Research (IJEER), The Economics and Social Development Organization (TESDO), vol. 2(7), pages 274-287, July.
    3. Malini L. Tantri, 2012. "China’s Policy for Special Economic Zone," India Quarterly: A Journal of International Affairs, , vol. 68(3), pages 231-250, September.

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    Export Processing Zones;

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