Special economic zone in the context of "Katowice Special Economic Zone"

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⭐ Core Definition: Special economic zone

A special economic zone (SEZ) is an area in which the business and trade laws are different from the rest of the country. SEZs are located within a country's national borders, and their aims include increasing trade balance, employment, increased investment, job creation and effective administration. To encourage businesses to set up in the zone, financial policies are introduced. These policies typically encompass investing, taxation, trading, quotas, customs and labour regulations. Additionally, companies may be offered tax holidays, where upon establishing themselves in a zone, they are granted a period of lower taxation.

The creation of special economic zones by the host country may be motivated by the desire to attract foreign direct investment (FDI). The benefits a company gains by being in a special economic zone may mean that it can produce and trade goods at a lower price, aimed at being globally competitive. In some countries, the zones have been criticized for being little more than labor camps, with workers denied fundamental labor rights. In some areas, especially Southeast Asia, some SEZs have been repurposed to house illicit activities, including illegal online gambling and cyber-enabled fraud (see for example Golden Triangle Special Economic Zone).

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Special economic zone in the context of Johor

Johor is a state of Malaysia in the south of the Malay Peninsula. It borders with Pahang, Malacca and Negeri Sembilan to the north. Johor has maritime borders with Singapore to the south and Indonesia to the east and west. As of 2023, the state's population is 4.09 million, making it the second most populous state in Malaysia, after Selangor. Johor Bahru is the capital city and the economic centre of the state, Kota Iskandar is the state administrative centre and Muar serves as the royal capital.

As one of the nation's most important economic hubs, Johor has the highest gross domestic product (GDP) in Malaysia outside of the Klang Valley, making it the country's second largest state economy, behind Selangor. Its household income and total salaries are the second highest among all Malaysian states. Johor has the world's second largest artificial intelligence hub, robust manufacturing and logistics centres, and home to the Port of Tanjung Pelepas, the 15th busiest port in the world. Iskandar Malaysia, which covers much of southern Johor, is the country's largest special economic zone by investment value.

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Special economic zone in the context of Free economic zone

A free-trade zone (FTZ) is a class of special economic zone. It is a geographic area where goods may be imported, stored, handled, manufactured, or reconfigured and re-exported under specific customs regulation and generally not subject to customs duty. Free trade zones are generally organized around major seaports, international airports, and national frontiers—areas with many geographic advantages for trade.

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Special economic zone in the context of Haryana

Haryana (Hindi: Hariyāṇā, pronounced [ɦəɾɪːˈaːɳɑɐː]) is a state located in the northwestern part of India. It was carved out after the linguistic reorganisation of Punjab on 1 November 1966. It is ranked 21st in terms of area, with less than 1.4% (44,212 km or 17,070 sq mi) of India's land area. The state capital is Chandigarh, which it shares with the neighbouring state of Punjab; the most populous city is Faridabad, a part of the National Capital Region. The city of Gurgaon is among India's largest financial and technology hubs. Haryana has 6 administrative divisions, 22 districts, 72 sub-divisions, 93 revenue tehsils, 50 sub-tehsils, 140 community development blocks, 154 cities and towns, 7,356 villages, and 6,222 villages panchayats.

Haryana contains 32 special economic zones (SEZs), mainly located within the industrial corridor projects connecting the National Capital Region. Gurgaon is considered one of the major information technology and automobile hubs of India. Haryana ranks 11th among Indian states in human development index. The economy of Haryana is the 13th largest in India, with a gross state domestic product (GSDP) of 7.65 trillion (US$90 billion) and has the country's 5th-highest GSDP per capita of 240,000 (US$2,800).

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Special economic zone in the context of Iskandar Malaysia

Iskandar Malaysia (formerly known as Iskandar Development Region and South Johor Economic Region), is the main southern development corridor in Johor, Malaysia. It was established on 8 November 2006. Iskandar Malaysia is currently the largest special economic zone in Malaysia by investment value, having a total amount of over RM413.1 billion.

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Special economic zone in the context of Putrajaya

Putrajaya (Malay pronunciation: [ˌputraˈd͡ʒaja, ˌputrəˈd͡ʒajə] ), officially the Federal Territory of Putrajaya (Malay: Wilayah Persekutuan Putrajaya), is the administrative centre of Malaysia. The seat of the federal government of Malaysia was moved in 1999 from Kuala Lumpur to Putrajaya because of overcrowding and congestion, whilst the seat of the judiciary of Malaysia was later moved to Putrajaya in 2003. Kuala Lumpur remains as Malaysia's national capital city per the constitution and is still the seat of the head of state (Yang di-Pertuan Agong) and the national legislature (Parliament of Malaysia), as well as being the country's commercial and financial centre.

The establishment of Putrajaya was the idea of Prime Minister Mahathir Mohamad. First thought of in the 1990s, Putrajaya was envisioned to be “a laboratory for a new form of electronic government" that would emphasize new adoption of and investment in internet, media, and digital communications. The development of Putrajaya began in August 1995 and was completed at an estimated cost of US$8.1 billion. On 1 February 2001, Putrajaya became Malaysia's third federal territory, after Kuala Lumpur in 1974 and Labuan in 1984. Putrajaya is also a part of MSC Malaysia, a special economic zone that covers the Klang Valley.

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Special economic zone in the context of Jiang Zemin

Jiang Zemin (17 August 1926 – 30 November 2022) was a Chinese politician who served as the general secretary of the Chinese Communist Party (CCP) from 1989 to 2002, as the chairman of the Central Military Commission from 1989 to 2004, and as the president of China from 1993 to 2003. Jiang was the fourth paramount leader of China from 1989 to 2002. He was the core leader of the third generation of Chinese leadership, one of four core leaders alongside Mao Zedong, Deng Xiaoping, and Xi Jinping.

Born in Yangzhou, Jiangsu, Jiang grew up during the years of Japanese occupation. He studied electrical engineering at the National Central University, later transferring to the National Chiao Tung University; he joined the CCP while he was in college, and graduated in 1947. After the establishment of the People's Republic of China in 1949, he received training at the Stalin Automobile Works in Moscow in the 1950s, later returning to Shanghai in 1962 to serve in various institutes, later being sent between 1970 and 1972 to Romania as part of an expert team to establish machinery manufacturing plants in the country. After 1979, he was appointed as the vice chair of two commissions by vice premier Gu Mu to oversee the newly established special economic zones (SEZs). He became the vice minister of the newly established Ministry of Electronics Industry and a member of the CCP Central Committee in 1982. Jiang was appointed as the mayor of Shanghai in 1985, later being promoted to its Communist Party secretary, as well as a member of the CCP Politburo, in 1987.

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