Chapter

Understanding SEZs

Aradhna Aggarwal

in Social and Economic Impact of SEZs in India

Published in print February 2012 | ISBN: 9780198077275
Published online September 2012 | e-ISBN: 9780199081035 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780198077275.003.0002
Understanding SEZs

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The objective of this chapter is to explore the genesis of special economic zones (SEZs) and outline their historical evolution. It also analyses changes in their structural, spatial, functional, and administrative dimensions. It shows how SEZs originated in developed countries, when they were developing, as part of their strategy to support the process of ongoing industrialization. Recognizing their potential, developing countries' governments have increasingly embraced them as part of their development strategy and experimented with particularly innovative features to use them effectively. As a result, SEZs evolved over time towards more comprehensive objectives, high-tech orientation and multi-sectors, multi-preferential policies, flexible locations, larger spatial dimensions, and more economic integration within the host economy, which calls for a better understanding of their role in economic development.

Keywords: SEZs; free trade zones; export processing zones; mercantilism; global value chains; outsourcing; offshoring

Chapter.  8680 words. 

Subjects: Economic Development and Growth

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