Last week, the governments of Myanmar, Thailand, and Japan agreed to develop a major special economic zone (SEZ) in the strategic port town of Dawei, Myanmar. The agreement appears to be another major step in Myanmar's efforts over the last few years to liberalize its economy and society and increase investor confidence.
Piloting reforms is one of the most important purposes SEZs serve. ...
As reported by the Economist, Japanese Prime Minister Shinzo Abe has proposed an interesting new use for special economic zones. Special Economic Zones ("SEZs") have been famously used as pilots for testing proposed economic reforms before they are enacted throughout an entire country. Under to Prime Minister Abe's plan, however, SEZs would be used to test out a broad range of social reforms ...
