SPECIAL ECONOMIC ZONES: NEED OF THE HOUR

Dr. Bishnu Kant Jha

Abstract


The ever-increasing global competition compels the governments to adopt export oriented trade
strategies, thereby contributing towards overall economic growth and development. The high economic
growth trajectory pursued by the newly industrialized economies (NIEs), has been propelled by increase in exports. Different
countries have pursued policies of developing export zones, for imparting an outward orientation to their economy. India has
also established such zones with denite objectives for foreign trade development and export promotion. It is signicant to
understand the concept of Special Economic Zones (SEZs), Chinese model of SEZ, its principal benets, their performance and
contribution towards trade competitiveness in India. SEZ as a trade policy needs to be evaluated in the light of SEZ Act, 2006. A
non-parametric critical approach has been taken to study the SEZ policy in reference to its performance, limitations and
challenges to perform in a highly competitive global environment.


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References


Kundra, Ashok (2000), "The performance of India's Export Zone; A Comparison with the Chinese Approach", Sage publications, New Delhi, Pp 129–30.

Engman, Michael.,(2008), "Export Processing Zones : Past and Future Role in Trade and Development", OECD Trade Policy Working Paper No.53, OECD Publications, Geneva, P.53

Aggarwal, Aradhna (2006), "Special Economic Zones: Revisiting the Policy Debate", The Economic and Political Weekly, Mumbai, 4–10 November, 2006, P 4532.

Business Line, The Hindu (Correspondent), Kolkata April 17, 2014, P.4


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