"People are looking up to leaders for direction. The economy is in our hands, not in the hands of the market"
- Mail and Guardian
- Mail and Guardian
Special Economic Zones
- 1979 four special economic zones were opened for trade and investment with the west
- Foreign firms were allowed to operate here
- Cheap labour was provided
- New technology and management practices were introduced
- Most firms come from Hong Kong to take advantage of the cheap labour
- Foreign firms were allowed to operate here
- Cheap labour was provided
- New technology and management practices were introduced
- Most firms come from Hong Kong to take advantage of the cheap labour
Question: What if the number of special economic zones was changed to either few or more than just four?
Summary
A Special Economic Zone (SEZ) is a geographical region that has economic and other laws that are more free-market-oriented than a country's typical or national laws. "Nationwide" laws may be suspended inside a special economic zone.