Category Issue 7

Special Economic Zones in developing countries: Challenges and opportunities for Zimbabwe

Abstract – The concept of Special Economic Zones (SEZs) being adopted by Government is a positive move towards economic development. SEZs are areas granted special privileges in a country specifically for economic development through foreign business persons to invest into that country. The privileges include special investment policies such as tax easing, financial support and issuance of work permits and special support in infrastructure. Major businesses which usually fall under SEZs are manufacturing, agriculture, commerce, tourism. If implemented accordingly, they assist in employment creation and economic development. There is need to ensure that laws and regulations which address issues of…