Comparative analysis of the world experience in creating and developing territories with a special legal status (for example, developing countries in Asia)

Stroev P., Makar S., Dudnik A.

The article provides a comprehensive comparative analysis of the international practice of creating territories with a special legal status on the example of the functioning of special economic zones, comprehensively examines and systematizes conceptual approaches to the development of special economic zones in various regions of the world, highlights the main trends and prospects. The study found that in the Asian region, the current trend is the introduction of a new generation of global free trade zones, which are aimed at testing institutional innovations in solving specific problems of socio-economic development before they are implemented at the state or regional level. Instead of traditional tax incentives, Central government support in these zones is aimed at liberalizing the economy, including experimental investment policies. While many advanced economies use SEZs to encourage industrial modernization, emerging economies focus on special economic zones that focus on technology development. Special attention is paid to the classification of countries in the world according to the level of economic development that have territories with a special legal status on their territory.

Keywords:regional economy, territory with a special legal status, special economic zone, free trade zone, industry, spatial regulation, world experience