Details

Technical Note

SPECIAL ECONOMIC ZONES (SEZS) UNDER CPEC – OPPORTUNITIES FOR PAKISTAN’S ECONOMIC REVIVAL

Salar Malik, Asad A. Alam

INDUSTRY :

AREA : Business Government/International Economy

ORGANIZATION :

LENGTH : 23

LUMS No : 16-318-2019-2

PUBLICATION YEAR : 2019

KEYWORDS:

Special Economic Zones, SEZs, CPEC, economic growth, developing countries

DESCRIPTION:

To accelerate economic activity and enhance economic growth, predominantly developing countries promote SEZs as a strategy to develop the industry. The fact that these zones are continually growing the world over is the evidence that these strategies are working for various countries and regions. (Farole 2010) and (UNIDO 2015). Pakistan has also announced several SEZs under its flagship CPEC project with China, to support its strategy for economic growth linked with this corridor. This paper discusses the SEZs, which have been planned under CPEC, and focuses on the advantages that these SEZs enjoy with respect to their location and the proximity to the various resources that they have, connectivity to the infrastructure, etc. This would be done to identify the potential for various industries based on the natural endowment of the regional environment of these respective SEZs.

LEARNING OBJECTIVES:

The note can be a good reference/source for anyone who is studying public/private ventures, and focusing on how to establish new economic zones that are meant to serve a specific purpose i.e. socio-economic uplift, human resource development, exploiting local natural resource potential, etc.

SUBJECTS COVERED:

Business Government/ International Economy