Special Economic Zones (SEZ’s) are regions within a country that have economic laws more liberal than that country’s typical economic laws. They are usually used by developing countries to attract investment and serve as enclaves of economic freedom for businesses located within them. Originating in China in the early 1980’s, SEZ’s have now spread across multiple continents to dozens of countries including Brazil, India, Iran, Jordan, Kazakhstan, Pakistan, the Philippines, Poland, Russia, and Ukraine. While SEZ’s offer a plethora of relaxed laws and economic advantages to investors, they also provide substantial problems for residents of the communities in which they are located and people who comprise the labor force of SEZ industries. This article seeks to examine the economic, environmental and social impact SEZ’s have on various stakeholders and discuss the current trends in SEZ development.
II. Advantages or SEZ’s
Special Economic Zones offer many advantages to investors