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Promoting dynamic & innovative growth in Asia : The cases of special economic zones and business hubs

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Title Promoting dynamic & innovative growth in Asia
Similar Titles
Sub Title

The cases of special economic zones and business hubs

Material Type Reports
Author(English)

Jeong, Hyunggon; Zeng, Douglas Zhihua

Publisher

Sejong, South Korea:Korea Institute For International Economic Policy

Date 2016-11
Series Title; No Policy Analysis / 16-01
Pages 343
Subject Country China(Asia and Pacific)
Hong Kong(Asia and Pacific)
Singapore(Asia and Pacific)
South Korea(Asia and Pacific)
United Arab Emirates(Middle East)
Language English
File Type Documents
Original Format pdf
Subject Economy < Economic Conditions
Economy < Economic Administration
Holding Korea Institute For International Economic Policy
License

Abstract

Around the world, there are 4,300 special economic zones throughout more than 130 countries: the zones in Asian countries have been quite successful, while on the other hand, those of Africa and some other countries have not performed well so far. Especially, some special economic zones and business hubs in Asian countries such as South Korea, China, Hong Kong and Singapore, as well as Dubai, have been quite successful in terms of innovative and dynamic economic growth. Not all of the zones in the countries were successful: some of those were recognized as so-called “white elephants.” As successful cases received more and more attention, however, there has been a steady increase in the need to learn the secret of success from these cases in terms of policy implications. This paper was designed to fulfill these needs, and especially to be a fine policy guide book for developing countries which will introduce special economic zones as a way to boost their economies in the near future. (The rest omitted)