Local Free Economic Zones: New Approach and New Opportunities
Local Free Economic Zones: New Approach and New Opportunities
Author(s): Nikolay SberegaevSubject(s): Economy, International relations/trade, Evaluation research
Published by: Kauno Technologijos Universitetas
Keywords: local free economic zone; free economic zone; FEZ; objectives and tasks of creation of zones; experience of functioning of zones in various countries;
Summary/Abstract: The problems of creation and functioning of local free economic zones (further FEZ) are no longer the matter that concerns only theorists, but these issues also concern businessmen and politicians. Different countries have gained both positive and negative experience of creation and functioning of such zones. This article contains the analysis of theoretical and applied issues of creation and functioning of local (regional) FEZ, their interrelation with State FEZ, which are created by State authorities; a new approach is proposed to the definition of term “local FEZ” itself; its advantages and opportunities are described in comparison with traditional ideas regarding local FEZ. The conclusions have been drawn up regarding the possibility and profitability of the creation of local FEZ on the basis of approach described in this article in regions of both Russia and other countries.
Journal: Engineering Economics
- Issue Year: 2005
- Issue No: 1 (41)
- Page Range: 74-79
- Page Count: 6
- Language: English