By George ELIOT The world's Top 100 special economic zones / SEZ (including free zones, charter cities, etc.) was published on December 31, 2023. Divided among the world's regions, the ranking includes: 44 in ASIA 18 in EUROPE 12 in NORTH AMERICA 12 in LATIN AMERICA 10 in MIDDLE EAST 4 in AFRICA The Top 100 SEZ for 2023 are as follows: 1 China Shenzhen 2 China Pudong (Shanghai) 3 China Hong Kong 4 Singapore Changi Airport Free Trade Zone 5 UAE Dubai Multi Commodities Centre (Jumeirah Lakes Towers Free Zone) 6 UAE Jebel Ali Free Zone 7 China Zhongguancun (Beijing) 8 Singapore Brani Terminal Free Trade Zone 9 UK London Royal Docks Enterprise Zone 10 USA Port Authority of New York and New Jersey (FTZ No. 049) 11 China Macau 12 Ireland Dublin ...
Shenzhen, Shanghai, Hong Kong maintain Top-3 places in 2024 Global SEZ Ranking By George ELIOT The Top-3 Special Economic Zones (SEZ) in the world for 2024 were Shenzhen, Shanghai and Hong Kong, unchanged from 2023 despite the addition of three AI factors to the 2024 ranking. 2024 RANKING METHODOLOGY A review of the ranking methodology in 2024 resulted in adding three more factors to the original five factors that shaped the 2023 ranking: we asked ChatGPT, Microsoft CoPilot and Google Gemini which the best SEZ in each country were and allocated 5 points (5%) weight when a given SEZ was identified by any of the three AI platforms (adding up to a maximum of 15 points if listed by all three). Thus the 2024 Global SEZ Ranking was based on eight factors: the three new AI factors (for up to 15% weight) and the original five factors ( details in 2023 Ranking ): Proximity to a Global City (50%); UNDP Human Development Index - HDI (15%); Prox...
By George ELIOT When a new Special Economics Zone (SEZ) is set up, it creates economic activities and generates GDP in three ways which are analogous to the way an airline attracts customers for a newly-launched flight destination: A) By tapping pent-up demand that had existed perviously but had not been met. B) By diverting activities (or airline passengers, respectively) from elsewhere, i.e. by stealing market share from other existing operations. C) By generating new demand that had not existed previously. For example, if an airline has just launched flights from Brighton to New York, A-type passengers are those who have always wanted to go to New York but did not want the hassle of flying from an airport further away; B-type passengers are those who were flying to New York via alternative indirect routes and who can now take the direct flight; and C-type passengers are those who only after seeing the news about the launch of the new destination will develop an interest in going to ...
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