Special Economic Zones
Special Economic Zones (SEZs) are designated areas within a country that operate under different economic regulations than the rest of the country. They are created to attract foreign investments, boost exports, and create jobs. In SEZs, businesses often benefit from tax breaks, reduced customs duties, and less stringent regulations. These zones aim to stimulate economic growth by fostering a more favorable business environment. Countries like China and India have successfully implemented SEZs to enhance their economic development and competitiveness in the global market.
Additional Insights
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Special Economic Zones (SEZs) are designated areas within a country that have different economic regulations from the rest of the country. They are created to attract foreign investment, boost trade, and promote economic growth. In SEZs, businesses often enjoy tax incentives, less regulatory burden, and improved infrastructure. These zones aim to stimulate economic development, create jobs, and increase exports by providing a more favorable environment for companies to operate. Examples include areas in countries like China, India, and Costa Rica, where economic activity is encouraged through tailored policies.