Book contents
- Frontmatter
- Contents
- Acronyms and Abbreviations
- List of Tables, Boxes, Figures and Annexures
- Preface
- Foreword
- CHAPTER 1 Why Economic Zones?
- CHAPTER 2 The New SEZs: Where, What and Why?
- CHAPTER 3 Are SEZs Financially Viable?
- CHAPTER 4 The Political Yatra
- CHAPTER 5 The Rules of the SEZ
- CHAPTER 6 The Land of SEZs
- CHAPTER 7 Not the Last Word
- APPENDIX 1 Government of West Bengal Office of the District Magistrate & Collector Hooghly
- APPENDIX 2 Government of India Ministry of Commerce and Industry Lok Sabha
- APPENDIX 3 Raheja Haryana SEZ Developers Pvt. Ltd. RAHEJA SEZ IN GURGAON
- APPENDIX 4 Land Acquisition Amendment Bill, 2007
- APPENDIX 5 (NMSEZ Presentation) Mumbai Special Economic Zone (MSEZ) Relief and Rehabilitation Package
- Bibliography
- Index
CHAPTER 1 - Why Economic Zones?
Published online by Cambridge University Press: 05 March 2012
- Frontmatter
- Contents
- Acronyms and Abbreviations
- List of Tables, Boxes, Figures and Annexures
- Preface
- Foreword
- CHAPTER 1 Why Economic Zones?
- CHAPTER 2 The New SEZs: Where, What and Why?
- CHAPTER 3 Are SEZs Financially Viable?
- CHAPTER 4 The Political Yatra
- CHAPTER 5 The Rules of the SEZ
- CHAPTER 6 The Land of SEZs
- CHAPTER 7 Not the Last Word
- APPENDIX 1 Government of West Bengal Office of the District Magistrate & Collector Hooghly
- APPENDIX 2 Government of India Ministry of Commerce and Industry Lok Sabha
- APPENDIX 3 Raheja Haryana SEZ Developers Pvt. Ltd. RAHEJA SEZ IN GURGAON
- APPENDIX 4 Land Acquisition Amendment Bill, 2007
- APPENDIX 5 (NMSEZ Presentation) Mumbai Special Economic Zone (MSEZ) Relief and Rehabilitation Package
- Bibliography
- Index
Summary
Countries all over the world create fenced-in, geographically delimited ‘enclaves’ within their sovereign territories. Such enclaves have become known as ‘zones’ in economic and business parlances. These zones are distinguished from the rest of the land in terms of their specific administrative authority, benefits enjoyed by industries located in them and availability of better business facilities. Some of the zones are often deliberately conceived as ‘foreign’ territories functioning with a different set of economic laws compared with those applicable to the rest of the country. Being ‘foreign’ also implies that zones are different customs areas. Depending upon their specific purposes, benefits offered, economic regulations and administrative frameworks, the zones are called industrial zone (or estate), free trade zone (FTZ), export processing zone (EPZ), enterprise zone, special economic zone (SEZ) or free economic zone (FEZ). This taxonomy, however, is by no means fully exhaustive.
Zones should not be construed as products of the current phase of globalization that has been driven by breathtaking advances in information and computer technologies (ICT). Though modern zones can be dubbed as post-Second World War creatures with the first such zone coming up at the Shannon International Airport at Ireland in 1956, there are examples of zones during the mediaeval era, as well as in the early twentieth century. Over time, however, the visions of different countries on these zones, particularly in the developing world, have changed significantly.
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- Special Economic Zones in IndiaMyths and Realities, pp. 1 - 35Publisher: Anthem PressPrint publication year: 2008