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The political economy of special economic zones : concentrating economic development

Author: Lotta Moberg
Publisher: Abingdon, Oxon ; New York, NY : Routledge, 2017.
Series: Routledge studies in the modern world economy, 164.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
Special Economic Zones (SEZs) have become a popular development policy throughout the world over the last half a century. These zones form designated areas where governments offer businesses lower taxes, tariffs, and often lighter regulations. Generally, SEZs aim to attract investments and raise a country's export and employment rates, but although success stories are often cited, there are numerous failed projects  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Moberg, Lotta.
Political economy of special economic zones.
Abingdon, Oxon ; New York, NY : Routledge, [2017]
(DLC) 2016044661
(OCoLC)967919500
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Lotta Moberg
ISBN: 9781315298948 1315298945 9781315298955 1315298953
OCLC Number: 976434643
Notes: Includes index.
Description: 1 online resource.
Contents: The theory of zone politics --
The political economy context --
Are SEZs better than the status quo?: Knowledge and incentive problems with SEZs --
SEZs as drivers of reform --
SEZs as promoters of liberalization or protectionism --
Case studies --
The problems of India's SEZs --
How SEZs reformed China --
Dividing the Dominican Republic --
The political economy of future SEZs --
Implications for SEZ policy makers --
The changing world of SEZs.
Series Title: Routledge studies in the modern world economy, 164.
Responsibility: Lotta Moberg.

Abstract:

Special Economic Zones (SEZs) have become a popular development policy throughout the world over the last half a century. These zones form designated areas where governments offer businesses lower taxes, tariffs, and often lighter regulations. Generally, SEZs aim to attract investments and raise a country's export and employment rates, but although success stories are often cited, there are numerous failed projects that have instead become burdens for their host countries. This book examines SEZs from a political economy perspective, both to dissect the incentives of governments, zone developers, and exporters, and to uncover both the hidden costs and untapped potential of zone policies. Costs include misallocated resources, the encouragement of rent-seeking, and distraction of policy-makers from more effective reforms. However, the zones also have several unappreciated benefits. They can change the politics of a country, by generating a transition from a system of rent-seeking to one of liberalized open markets. In revealing the hidden promise of SEZs, this book shows how the SEZ model of development can succeed in the future. Applying frameworks from various schools of political economy, this volume places SEZs in the context of their mixed past and promising future. It is essential reading for anyone with an interest in international economics, development economics, and political economy, including practitioners and consultants of SEZ policies.

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`What do Special Economic Zones actually accomplish? And what are there drawbacks and limitations?ã Lotta Moberg's The Political Economy of Special Economic Zones mixes theory and empirics to offer Read more...

 
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