Special economic zones sezs have proliferated rapidly during the past decade and are set to multiply in the next embracing not only asia and europe but also africa and the americas this book is the first to examine the asian experience of sezs in china india malaysia and the philippines . Freeports under the bases conversion programme embodied in republic act no 7227 as amended and evaluates the roles that they played in the national economic development and security of the philippines a further aim of this chapter is to identify challenges that have been faced by the government in these zones which have led to economic losses. Since 1979 chinas special economic zones sez have been beckoning foreign investors to do business in china created after deng xiaopings economic reforms were implemented in china in 1979 special economic zones are areas where market driven capitalist policies are implemented to entice foreign businesses to invest in china. A special economic zone sez is an area in which the business and trade laws are different from the rest of the countrysezs are located within a countrys national borders and their aims include increased trade balance employment increased investment job creation and effective administration. Examines the asian experience of special economic zones sezs in china india malaysia and the philippines this book explores the origins nature and status of these zones in asia together with read more
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