China
Currently, the most prominent SEZs in the country are Shenzhen, Xiamen, Shantou, and Zhuhai. It is notable that Shenzhen, Shantou, and Zhuhai are all in Guangdong province, and all are on the southern coast of China where sea is very accessible for transportation of goods.
An analysis of the performance of these SEZs in China versus those in India in liberalizing the Chinese and Indian economies and their impact on economic growth was conducted by Leong (2012). This paper investigates the role of special economic zones (SEZs) . The policy change to a more liberalized economy is identified using SEZ variables as instrumental variables. The results indicate that export and FDI growth have positive and statistically significant effects on economic growth in these countries. The presence of SEZs increases regional growth but increasing the number of SEZs has negligible effect on growth. The key to faster economic growth appears to be a greater pace of liberalization.
Read more about this topic: Special Economic Zone
Famous quotes containing the word china:
“The awakening of the people of China to the possibilities under free government is the most significant, if not the most momentous, event of our generation.”
—Woodrow Wilson (1856–1924)
“Consider the China pride and stagnant self-complacency of mankind. This generation inclines a little to congratulate itself on being the last of an illustrious line; and in Boston and London and Paris and Rome, thinking of its long descent, it speaks of its progress in art and science and literature with satisfaction.... It is the good Adam contemplating his own virtue.”
—Henry David Thoreau (1817–1862)
“Ever since I was a little girl, I’ve, I’ve dreamed of havin’ my own things about me. My spinet over there and a table here. My own chairs to rest upon and a dresser over there in that corner, and my own china and pewter shinin’ about me.”
—Frank S. Nugent (1908–1965)