South Korea

July 31, 2019

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In developed capitalist countries sez are created, usually in stagnant areas suffering from unemployment, with underdeveloped infrastructure. Highlighting such areas the status of zones, these governments do not focus on attracting foreign investment, and try to create conditions that encourage maximum development of existing industries that are integrated into the internal market, as well as providing additional jobs. In summary, the establishment of sez is aimed at achieving such goals as: to attract advanced in relation to national, technology, strengthening the economy by attracting foreign capital inflow of foreign currency assets, and thus , an increase in foreign exchange reserves, the saturation of the domestic consumer market, raising employment levels and workforce skills, the creation of a modern market infrastructure, rapid development depressed areas, acquisition of international experience in economic management, international business. The international practice suggests two options for the establishment of sez. Version of 'top' means that the formation of a zone is initiated by the central government and within the government program (such as in South Korea). Option 'bottom' – the establishment of sez in the order of market organization (Dominican Republic, Poland).

More rapidly developing the second version, including in mixed public-private financing. Proposal to establish a free economic zone are sent to specially designated state federal or regional authority, which, after a decision on the establishment of the zone included in the work to create conditions of its creation. Particular attention is the establishment of zones are usually given to such criteria as the selection Typically, to solve specific priority economic tasks, the implementation of strategic programs and projects.