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Special Economic Zones: What Have We Learned?

Author

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  • Farole, Thomas

    () (World Bank)

Abstract

It has been more than 50 years since the establishment of the first modern special economic zones. During this time, SEZs have been credited with underpinning the dramatic export-oriented growth of China and other East Asian countries. While they remain a controversial instrument, policy makers appear to be increasingly attracted to economic zones. Since the mid 1980s, the number of new zones has grown rapidly, with significant expansion in developing countries. But in this postcrisis environment, the context in which zones operate is changing. Increasingly, the effectiveness with which they are designed, implemented, and managed will determine their success. This note outlines key lessons that have emerged from the experiences of zone programs in developing countries over recent decades.

Suggested Citation

  • Farole, Thomas, 2011. "Special Economic Zones: What Have We Learned?," World Bank - Economic Premise, The World Bank, issue 64, pages 1-5, September.
  • Handle: RePEc:wbk:prmecp:ep64
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    File URL: http://siteresources.worldbank.org/INTPREMNET/Resources/EP64.pdf
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    References listed on IDEAS

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    1. Thomas Farole, 2011. "Special Economic Zones in Africa : Comparing Performance and Learning from Global Experience," World Bank Publications, The World Bank, number 2268.
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    Cited by:

    1. Lord, Montague J., 2012. "Evaluation of Support to Lao PDR’s Special Economic Zones (SEZs)," MPRA Paper 61053, University Library of Munich, Germany.
    2. Oliver Klein & Piotr Pachura & Christine Tamasy, 2016. "Globalizing Production Networks," Polish Journal of Management Studies, Czestochowa Technical University, Department of Management, vol. 13(2), pages 81-89, June.
    3. Ana Fernandes & Heiwai Tang, 2012. "Learning from Neighbors’ Export Activities: Evidence from Exporters’ Survival," Development Working Papers 337, Centro Studi Luca d'Agliano, University of Milano, revised 16 Jul 2012.
    4. Mamo Mihretu & Gabriela Llobet, 2017. "Looking Beyond the Horizon," World Bank Other Operational Studies 28334, The World Bank.

    More about this item

    Keywords

    SEZ; special economic zone; shenzhen; singapore; economic development; industrialization; employment; exports; exprot-led growth; trade;

    JEL classification:

    • F1 - International Economics - - Trade
    • F16 - International Economics - - Trade - - - Trade and Labor Market Interactions
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology

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