The Political Economy of Special Economic Zones: Concentrating Economic Development, by Lotta Moberg, Routledge, 192 pages, $140. All over the world, in carefully delimited areas, governments have carved out exceptions to their own rules.
These special economic zones, better known as SEZs, come in many sizes and types, ranging from simple duty-free warehouses to jurisdictions the size and complexity of entire cities.
Host governments typically roll back taxes, customs, and similar barriers to trade in their zones, but sometimes offer special labor, environmental, or financial regulations, too.
Though the core idea runs back to ancient times, modern special economic zones started to emerge in 1948, when Operation Bootstrap made Puerto Rico a special trade and processing zone.
Special economic zones allow a single country to test different policies within its own borders.
In contrast to the small and narrowly focused zones of India and the Dominican Republic, China's Special Administrative Regions encompass whole metropolitan areas; they offer not just a few tax breaks but a large set of unique rules and institutions.
The Political Economy of Special Economic Zones performs a valuable service: It takes a serious look at the question of what you get when markets start taking over from governments.
http://reason.com/archives/2018/02/18/when-governments-suspend-their-own-rules
These special economic zones, better known as SEZs, come in many sizes and types, ranging from simple duty-free warehouses to jurisdictions the size and complexity of entire cities.
Host governments typically roll back taxes, customs, and similar barriers to trade in their zones, but sometimes offer special labor, environmental, or financial regulations, too.
Though the core idea runs back to ancient times, modern special economic zones started to emerge in 1948, when Operation Bootstrap made Puerto Rico a special trade and processing zone.
Special economic zones allow a single country to test different policies within its own borders.
In contrast to the small and narrowly focused zones of India and the Dominican Republic, China's Special Administrative Regions encompass whole metropolitan areas; they offer not just a few tax breaks but a large set of unique rules and institutions.
The Political Economy of Special Economic Zones performs a valuable service: It takes a serious look at the question of what you get when markets start taking over from governments.
http://reason.com/archives/2018/02/18/when-governments-suspend-their-own-rules
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