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The Political Economy of Special Economic Zones - Concentrating Economic Development (Hardcover)
Loot Price: R4,431
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The Political Economy of Special Economic Zones - Concentrating Economic Development (Hardcover)
Series: Routledge Studies in the Modern World Economy
Expected to ship within 12 - 17 working days
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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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