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IPFS News Link • Free Trade

How Special Economic Zones are Quietly Advancing Freedom

• fee.org by Tom W Bell

But now two kinds of special jurisdictions — private communities and "Special Economic Zones" — are quietly taking over functions and providing options that traditional polities cannot or will not. This gentle revolution has already brought comparative wealth and better living to millions of people — perhaps including you.

Special Economic Zones

In a Special Economic Zone (SEZ), a government creates exceptions to its own rules — a select haven from the status quo that prevails elsewhere in the national territory. The goal, says the World Bank, is to create a "business environment that is intended to be more liberal from a policy perspective and more effective from an administrative perspective than that of the national territory."

The antecedents of modern SEZs date from 166 BCE, when Roman authorities made the island of Delos a free port.

Modern SEZs come in many types and sizes. One might offer nothing more than duty-free warehousing of goods in transit, while another might provide an alternative governance regime for an entire metropolitan area.

Though not SEZs in the modern sense, zones governed by special rules have existed almost as long as government itself. These special jurisdictions have coevolved with the nation-state, usually cooperating, but sometimes competing with it. Although they were pushed into decline for centuries, special jurisdictions never died out, and in recent decades they have enjoyed renewed vigor.


www.universityofreason.com/a/29887/KWADzukm