The Dos and Don’ts of Special Economic Zones

Publication:
The Dos and Don’ts of Special Economic Zones

dc.contributor.author	Zeng, Douglas Zhihua
dc.date.accessioned	2021-12-07T16:19:33Z
dc.date.available	2021-12-07T16:19:33Z
dc.date.issued	2021-12-06
dc.description.abstract	Special economic zones (SEZs) have been used by many developing countries as a policy tool to promote industrialization and economic transformation. The World Development Report 2020 also recognizes the possibility of using SEZs as a means of facilitating global value chain participation. As a "high-risk, high-reward" instrument, the global results of SEZs in developing countries are quite mixed. Results vary significantly with some regions or countries. As an industrial policy tool, an SEZ is supposed to complement market forces by helping to overcome market failures. Zone approach is both necessary and feasible, the host government also needs to decide what type of zone is the most suitable. There are typically two types of zones despite the many names they are given: SEZs and industrial parks. SEZs often involve a “special” legal and regulatory regime, and may be appropriate in case the main constraints are related to legal and regulatory issues that affect the business environment besides other constraints, such as land and infrastructures. In other cases, a simple alternative to an SEZ is an industrial park, which does not require a special legal and regulatory regime. In such cases, an industrial park may be more appropriate because it involves less complex and risky processes. Therefore, depending on the specific development objectives and constraints, an SEZ can be considered together with other possible options, though this note will mostly focus on SEZs.	en
dc.identifier	http://documents.worldbank.org/curated/undefined/700061638779538611/The-Dos-and-Don-ts-of-Special-Economic-Zones
dc.identifier.doi	10.1596/36663
dc.identifier.uri	https://hdl.handle.net/10986/36663
dc.language	English
dc.publisher	World Bank, Washington, DC
dc.relation.ispartofseries	Equitable Growth, Finance and Institutions Notes;
dc.rights	CC BY 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	http://creativecommons.org/licenses/by/3.0/igo
dc.subject	SPECIAL ECONOMIC ZONES
dc.subject	INDUSTRIALIZATION
dc.subject	STRUCTURAL TRANSFORMATION
dc.subject	EXPORT COMPETITIVENESS
dc.subject	FOREIGN DIRECT INVESTMENT
dc.subject	PUBLIC-PRIVATE PARTNERSHIPS
dc.subject	INVESTMENT PROMOTION
dc.title	The Dos and Don’ts of Special Economic Zones	en
dc.type	Policy Note	en
dc.type	Document de politique générale	fr
dc.type	Documento de políticas	es
dspace.entity.type	Publication
okr.crossref.title	The Dos and Don’ts of Special Economic Zones
okr.date.disclosure	2021-12-06
okr.date.doiregistration	2025-05-07T10:19:47.203359Z
okr.date.lastmodified	2021-12-06T00:00:00Z	en
okr.doctype	Economic & Sector Work
okr.doctype	Economic & Sector Work::Policy Note
okr.docurl	http://documents.worldbank.org/curated/undefined/700061638779538611/The-Dos-and-Don-ts-of-Special-Economic-Zones
okr.guid	700061638779538611
okr.identifier.externaldocumentum	090224b088bf168c_1_0
okr.identifier.internaldocumentum	33658743
okr.identifier.report	166637
okr.imported	true	en
okr.language.supported	en
okr.pdfurl	http://documents.worldbank.org/curated/en/700061638779538611/pdf/The-Dos-and-Don-ts-of-Special-Economic-Zones.pdf	en
okr.topic	International Economics and Trade::Export Competitiveness
okr.topic	International Economics and Trade::Foreign Trade Promotion and Regulation
okr.topic	International Economics and Trade::Trade Facilitation
okr.topic	International Economics and Trade::Trade Finance and Investment
okr.topic	Private Sector Development::Competitiveness and Competition Policy
okr.topic	Private Sector Development::Global Value Chains and Business Clustering
okr.unit	Finance, Competitiveness and Innovation Global Practice