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  1. Special economic zones (SEZs) have been used by many developing countries as a poli - cy tool to promote industrialization and economic transformation. The World Development Report 2020 also recognizes the possibility of using SEZs as a means of facilitating global value chain participation (World Bank 2019).

  2. Note: This table includes single factory free zones but does not include free points. Table 1. Distribution of free zones and special economic zones by major geographical area in 2019 Number of free zones (Bost database) Percentage of total Number of SEZs (UNCTAD) Percentage of total Global 2 296 100 5 383 100 Developed economies 295 12.9 374 7

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  3. Special economic zones (SEZs) – geographically delimited areas within which governments facilitate industrial activity through fiscal and regulatory incentives and infrastructure support – are widely used across most developing and many developed economies. Although the performance of many zones remains below expectations, failing either to

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  4. Special Economic Zones (SEZ) – an umbrella term which includes Free Trade Zones, Export Processing Zones, Freeports, and others – are becoming common across the globe. According to the United Nations Conference on Trade and Development (UNCTAD), as of 2019, 147 countries had established some kind of SEZ, with the total number of SEZs worldwide nearing 5,400.

  5. Broadly, four characteristics define the SEZ concept: (1) it is a geographically delineated area, usually physically secured; (2) it has a single management or administration; (3) it offers benefits for investors physically within the zone; and (4) it has a separate customs area (duty-free benefits) and streamlined procedures (FIAS, 2008).

  6. The term “special economic zones” (SEZs) covers a broad range of zones, such as free-trade zones, export-processing zones, industrial parks, economic and technology-development zones, high-tech zones, science and technology parks, free ports, enterprise zones, and others. Table 1 shows the most common types that have been created in recent ...

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  8. IV. The Global Good Practices of SEZ Development: Keys of Success. Global economic and market conditions are rapidly changing, and, as a result, SEZs are also evolving over the time to suit with the new business and economic environment. While the early stage EPZs, which are now called “Industrial Zones 1.0”, were successful in many ...

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