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:
“Our normal waking consciousness, rational consciousness as we call it, is but one special type of consciousness, whilst all about it, parted from it by the filmiest of screens, there lie potential forms of consciousness entirely different.”
—William James (1842–1910)
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“He who, from zone to zone,
Guides through the boundless sky thy certain flight,
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Will lead my steps aright.”
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