Knowledge-sharing 1: How can special economic zones (SEZs) catalyze economic development?
Jong Woo Kang, Principal Economist, Economic Research and Regional Cooperation Department of ADB discussed the rise and evolution of economic zones in Asia-Pacific, modalities and emerging trends. He shared that fiscal and non-fiscal incentives, factor costs, strategic location, institutional capacity, and state commitment are crucial factors for SEZs to be successful, while governance and rent seeking, wrong positioning, and lack of localized strategy contribute to failures in SEZs development. He underscored that the popularity of SEZs still remains strong under rapidly evolving environment (i.e., growth of services, knowledge economy, supply chain), but approach should be tailored to country’s economic and developmental context.
Date | Session / Activity | Presentation Material | Speaker(s) |
---|---|---|---|
24 Mar 2021 | Moderator | Dorothea Lazaro, Regional Cooperation Specialist, ADB | |
24 Mar 2021 | Presentation |
How Can SEZs Catalyze Economic Development? |
Jong Woo Kang |
24 Mar 2021 | Presentation |
How Can SEZs Catalyze Economic Development? (Mongolian Translation) |
Jong Woo Kang |