Special Economic Zones Unveiled: Lessons from China’s Success Story

Special Economic Zones (SEZs), first implemented in 1959 in Ireland, were designed to stimulate the inflows of Foreign Direct Investments (FDIs), boost exports and employment, and generate growth spillovers in local regions. The term “SEZ” encompasses various zones like export-processing zones, industrial parks, and others. It can be generally defined as a designated area within…

The unappreciated spillovers of China’s monetary policy

Identifying the transmission mechanisms of global shocks for better business-cycle management in developing countries “The emergence of China as the largest official lender has far-reaching implications for developing countries. Understanding monetary spillovers from China makes policy makers better aware of the nature of international shocks in order to make better decisions.” Jinglun Yao, PhD candidate…