SEZs and Economic Transformation: Towards a Developmental Approach

Research output: Contribution to journalJournal articleResearchpeer-review

Abstract

This study presents a three-pillared analytical framework for the success factors and development outcomes of special economic zones (SEZs). The core argument is that countries that adopt a well-structured approach towards SEZs that they can align with the broader development strategy, executive effectively, and continuously evaluate and manoeuvre over time, are more successful in achieving SEZ-led economic transformation than others. This requires strategic bureaucratic competencies to make the right choices and set clear strategic directions; strategic bureaucratic learning to dynamically and interactively engage in adjusting the strategies when needed; and strategic bureaucratic strengths to implement the strategy effectively. These elements in turn need an effective political leadership with a strong development focus that can energise and motivate bureaucracies. The study revisits the experience of successful, not-so-successful and least successful countries across the globe within this framework and concludes by raising some pertinent concerns about SEZ-led development strategy that emerge from the analysis.
Original languageEnglish
JournalTransnational Corporations
Volume26
Issue number2
Pages (from-to)27-47
Number of pages21
ISSN1014-9562
Publication statusPublished - 2019

Keywords

  • Special economic zones
  • Economic transformation
  • Conceptual framework
  • Political will
  • Bureaucratic capabilities
  • Developmental state

Cite this

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title = "SEZs and Economic Transformation: Towards a Developmental Approach",
abstract = "This study presents a three-pillared analytical framework for the success factors and development outcomes of special economic zones (SEZs). The core argument is that countries that adopt a well-structured approach towards SEZs that they can align with the broader development strategy, executive effectively, and continuously evaluate and manoeuvre over time, are more successful in achieving SEZ-led economic transformation than others. This requires strategic bureaucratic competencies to make the right choices and set clear strategic directions; strategic bureaucratic learning to dynamically and interactively engage in adjusting the strategies when needed; and strategic bureaucratic strengths to implement the strategy effectively. These elements in turn need an effective political leadership with a strong development focus that can energise and motivate bureaucracies. The study revisits the experience of successful, not-so-successful and least successful countries across the globe within this framework and concludes by raising some pertinent concerns about SEZ-led development strategy that emerge from the analysis.",
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SEZs and Economic Transformation : Towards a Developmental Approach. / Aggarwal, Aradhna.

In: Transnational Corporations, Vol. 26, No. 2, 2019, p. 27-47.

Research output: Contribution to journalJournal articleResearchpeer-review

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T2 - Towards a Developmental Approach

AU - Aggarwal, Aradhna

PY - 2019

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AB - This study presents a three-pillared analytical framework for the success factors and development outcomes of special economic zones (SEZs). The core argument is that countries that adopt a well-structured approach towards SEZs that they can align with the broader development strategy, executive effectively, and continuously evaluate and manoeuvre over time, are more successful in achieving SEZ-led economic transformation than others. This requires strategic bureaucratic competencies to make the right choices and set clear strategic directions; strategic bureaucratic learning to dynamically and interactively engage in adjusting the strategies when needed; and strategic bureaucratic strengths to implement the strategy effectively. These elements in turn need an effective political leadership with a strong development focus that can energise and motivate bureaucracies. The study revisits the experience of successful, not-so-successful and least successful countries across the globe within this framework and concludes by raising some pertinent concerns about SEZ-led development strategy that emerge from the analysis.

KW - Special economic zones

KW - Economic transformation

KW - Conceptual framework

KW - Political will

KW - Bureaucratic capabilities

KW - Developmental state

KW - Special economic zones

KW - Economic transformation

KW - Conceptual framework

KW - Political will

KW - Bureaucratic capabilities

KW - Developmental state

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