Publication:
Second Best? Investment Climate and Performance in Africa’s Special Economic Zones

Simple item page
dc.contributor.authorFarole, Thomas
dc.date.accessioned2012-03-19T18:42:22Z
dc.date.available2012-03-19T18:42:22Z
dc.date.issued2010-10-01
dc.description.abstractAs an instrument of trade and investment policy, special economic zones have played a catalytic role in processes of industrialization, diversification, and trade integration in many countries, particularly in East Asia. However, in the African context, anecdotal evidence suggests the experience has been disappointing on the whole. Among the reasons why many zones underperform may be that they fail to establish a high quality investment environment -- this is, after all, one of the main promises that economic zones hold for investors. Drawing on original survey research, this paper presents a systematic analysis of the outcomes and the investment climate of economic zones programs in six African countries and four developing countries outside the region. The analysis finds that although performance across zones is mixed -- with Ghana and Lesotho in particular performing well on some measures -- African zones programs on the whole are underperforming in terms of attracting investment, facilitating exports, and creating jobs. Economic zones in Africa offer an improved business environment relative to what is available to firms based outside the zones; however, in comparison with the non-African countries in the survey, both absolute investment climate performance and relative improvements fall well short.en
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20101018102611
dc.identifier.doi10.1596/1813-9450-5447
dc.identifier.urihttps://hdl.handle.net/10986/3930
dc.languageEnglish
dc.relation.ispartofseriesPolicy Research working paper ; no. WPS 5447
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectAFFILIATED ORGANIZATIONS
dc.subjectBENEFICIARIES
dc.subjectBOND
dc.subjectBONDS
dc.subjectBUSINESS ENVIRONMENT
dc.subjectBUSINESS REGULATIONS
dc.subjectCAPITAL INVESTMENT
dc.subjectCATALYTIC ROLE
dc.subjectCITIES
dc.subjectCOMMODITIES
dc.subjectCOMMODITY
dc.subjectCOMPARATIVE ADVANTAGE
dc.subjectCOMPARATOR COUNTRIES
dc.subjectCOMPETITIVE ENVIRONMENT
dc.subjectCORPORATE TAX
dc.subjectCORPORATE TAXES
dc.subjectDEREGULATION
dc.subjectDEVELOPING COUNTRIES
dc.subjectDOMESTIC ECONOMY
dc.subjectDOMESTIC INVESTMENT
dc.subjectDOMESTIC INVESTORS
dc.subjectDOMESTIC MARKET
dc.subjectECONOMIC CHANGE
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMIC REFORM
dc.subjectECONOMIC VALUE
dc.subjectECONOMIC VALUE ADDED
dc.subjectECONOMISTS
dc.subjectEMPIRICAL STUDIES
dc.subjectENVIRONMENTAL
dc.subjectENVIRONMENTAL IMPACT
dc.subjectENVIRONMENTS
dc.subjectEPZ
dc.subjectEQUIPMENT
dc.subjectEXCHANGE CONTROL
dc.subjectEXPORT GROWTH
dc.subjectEXPORT MARKETS
dc.subjectEXPORT PROCESSING ZONES
dc.subjectEXPORTERS
dc.subjectEXTERNALITIES
dc.subjectFACTORS OF PRODUCTION
dc.subjectFINANCIAL SERVICES
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN INVESTMENT
dc.subjectFOREIGN INVESTORS
dc.subjectFOREIGN OWNERSHIP
dc.subjectFREE TRADE
dc.subjectGLOBAL EXPORTS
dc.subjectGLOBAL TRADE
dc.subjectGLOBALIZATION
dc.subjectGOOD GOVERNANCE
dc.subjectGROWTH RATES
dc.subjectHOLDING
dc.subjectHOST COUNTRIES
dc.subjectHOST COUNTRY
dc.subjectHOST ECONOMIES
dc.subjectINCOME
dc.subjectINSTRUMENT
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL INVESTORS
dc.subjectINTERNATIONAL TRADE
dc.subjectINVESTING
dc.subjectINVESTMENT CLIMATE
dc.subjectINVESTMENT CLIMATE ISSUES
dc.subjectINVESTMENT CLIMATE REFORMS
dc.subjectINVESTMENT CLIMATES
dc.subjectINVESTMENT CRITERIA
dc.subjectINVESTMENT ENVIRONMENT
dc.subjectINVESTMENT LOCATION DECISIONS
dc.subjectINVESTMENT OPPORTUNITIES
dc.subjectINVESTMENT PATTERNS
dc.subjectINVESTMENT POLICY
dc.subjectINVESTMENT PROJECTS
dc.subjectINVESTOR INCENTIVE
dc.subjectLABOR COSTS
dc.subjectLABOR MARKET
dc.subjectLEARNING
dc.subjectLOCAL ECONOMY
dc.subjectLOCAL INVESTMENT CLIMATE
dc.subjectLOCAL INVESTORS
dc.subjectLOCAL MARKET
dc.subjectMARKET ACCESS
dc.subjectMARKET INTEGRATION
dc.subjectMARKET SIZE
dc.subjectMATURITY
dc.subjectMETALS
dc.subjectMULTINATIONAL FIRMS
dc.subjectNATIONAL INVESTMENT
dc.subjectNATIONAL INVESTMENT CLIMATE
dc.subjectNATURAL RESOURCES
dc.subjectOIL
dc.subjectOPPORTUNITY COSTS
dc.subjectOUTPUT
dc.subjectPOLICY ENVIRONMENT
dc.subjectPOLICY INSTRUMENTS
dc.subjectPOLITICAL ECONOMY
dc.subjectPOLITICAL STABILITY
dc.subjectPOWER OUTAGES
dc.subjectPRIVATE ENTITIES
dc.subjectPRODUCERS
dc.subjectPRODUCTION TECHNIQUES
dc.subjectPROFITABILITY
dc.subjectPROGRAMS
dc.subjectPROPERTY RIGHTS
dc.subjectRAPID GROWTH
dc.subjectRATES OF RETURN
dc.subjectREGIONAL TRADE
dc.subjectREGULATORY BURDEN
dc.subjectREGULATORY ENVIRONMENT
dc.subjectREGULATORY REQUIREMENTS
dc.subjectRULE OF LAW
dc.subjectSHARE OF INVESTMENT
dc.subjectSMALL COUNTRIES
dc.subjectSTARTUP
dc.subjectSTOCKS
dc.subjectSTREAMS
dc.subjectSTRUCTURAL ADJUSTMENT
dc.subjectTECHNOLOGY TRANSFER
dc.subjectTECHNOLOGY TRANSFERS
dc.subjectTELECOMMUNICATIONS
dc.subjectTIMBER
dc.subjectTRADE STATISTICS
dc.subjectTRANSACTION
dc.subjectTRANSACTION COSTS
dc.subjectTRANSACTIONS COSTS
dc.subjectUNEMPLOYMENT
dc.subjectWORLD DEVELOPMENT INDICATORS
dc.titleSecond Best? Investment Climate and Performance in Africa’s Special Economic Zonesen
dspace.entity.typePublication
okr.crossref.titleSecond best? investment climate and performance in Africa's special economic zones
okr.date.disclosure2010-10-01
okr.date.doiregistration2025-04-10T11:39:14.689865Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20101018102611
okr.guid755881468202453441
okr.identifier.doi10.1596/1813-9450-5447
okr.identifier.externaldocumentum000158349_20101018102611
okr.identifier.internaldocumentum12873910
okr.identifier.reportWPS5447
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2010/10/18/000158349_20101018102611/Rendered/PDF/WPS5447.pdfen
okr.region.administrativeAfrica
okr.region.administrativeAfrica
okr.region.geographicalAfrica
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isAuthorOfPublication1215cc6b-f7fe-54de-b61d-3e3ba5583793
relation.isAuthorOfPublication.latestForDiscovery1215cc6b-f7fe-54de-b61d-3e3ba5583793
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
WPS5447.pdf
Size:
1.04 MB
Format:
Adobe Portable Document Format
Download
No Thumbnail Available
Name:
WPS5447.txt
Size:
134.6 KB
Format:
Plain Text
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Download
Collections
Policy Research Working Papers