Acquisition Of Technological Capability Through Special Economic Zones (Sezs): The Case Of Shenzhen Sez
Special economic zones (SEZs) have been adopted by many countries, particularly in the Asia region, as a popular means by which to foster and stimulate economic development (Wong and Chu 1985; Oborne 1986). Encouraged by the success of SEZs in other Asian regions and countries in the 1960s and 1970s, China set up four SEZs in 1979, including one in Shenzhen. As a result of its extraordinary growth and success, Shenzhen SEZ has itself become a positive example and impetus for the rest of the world. Although a large number of SEZs are already in operation around the globe (approximately 400), it is likely that a growing number of SEZs will continue to appear, both in Asia and worldwide. This is because SEZs have generally proved to be a successful means of fostering economic growth and prosperity. However, despite their general effectiveness, there do exist variations in the relative success of SEZs both within China, and between China and other countries. For example, within China, Guangdong's other two SEZs lag far behind Shenzhen SEZ (Liao 1999). Indeed, Shenzhen SEZ is perhaps the most successful example of a SEZ in the world, having enjoyed explosive growth (Kasliwal 1998). Shenzhen also stands in stark contrast with some rather unsuccessful SEZs in other countries, including those near Bombay and the Kandla SEZ in India.
Volume (Year): 7 (2000)
Issue (Month): 2 ()
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