Economic Development > Urban Planning & Special Economic Zones
Urban Planning & Special Economic Zones
Drawing upon the experience of goods and services export oriented economies in Asia such as China, Singapore, Vietnam, and India, we adapt global best practices in industrialisation for local implementation in newly emerging economies.
In accordance to the competitive clusters of each country or region, we recommend industrial policy frameworks and propose investor friendly incentives for the creation of special economic zones in client countries.
Background and Objectives
Special economic zones (SEZs) are spatially delimited areas within an economy that function with administrative, regulatory, and often fiscal regimes that are different (typically more liberal) than those of the domestic economy. Operating through a variety of different forms—such as export processing zones, economic processing zones, free zones, and foreign trade zones—SEZs aim to overcome barriers that hinder investment in the wider economy, including restrictive policies, poor governance, inadequate infrastructure, and problematic access to land.
Extracted from Special Economic Zones in Africa, by Thomas Farole, World Bank