A Special Economic Zone (SEZ) is a geographical region that has economic and other laws that are more free-market-oriented than a country's typical or national laws. "Nationwide" laws may be suspended inside a special economic zone.
The category SEZ covers, including free trade zones (FTZ), export processing Zones (EPZ), free Zones (FZ), industrial parks or industrial estates (IE), free ports, free economic zones, urban enterprise zones and others.
Usually the goal of a structure is to increase foreign direct investment by foreign investors, typically an international business or a multinational corporation (MNC), development of infrastructure and to increase the employment.
Read more about Special Economic Zone: Bangladesh, Cayman Islands, China, Democratic Republic of The Congo, Greece, Egypt, Ethiopia, India, Iran, Kazakhstan, Malaysia, Mauritius, Myanmar, Nigeria, North Korea, Pakistan, Philippines, Poland, Republic of Korea (South Korea), Russia, Ukraine, Uzbekistan, Zambia
Famous quotes containing the words special, economic and/or zone:
“I have a special grudge against those who have the same faults as I do.”
—Mason Cooley (b. 1927)
“If in the earlier part of the century, middle-class children suffered from overattentive mothers, from being “mother’s only accomplishment,” today’s children may suffer from an underestimation of their needs. Our idea of what a child needs in each case reflects what parents need. The child’s needs are thus a cultural football in an economic and marital game.”
—Arlie Hochschild (20th century)
“There was a continuous movement now, from Zone Five to Zone Four. And from Zone Four to Zone Three, and from us, up the pass. There was a lightness, a freshness, and an enquiry and a remaking and an inspiration where there had been only stagnation. And closed frontiers. For this is how we all see it now.”
—Doris Lessing (b. 1919)