Special economic zones (SEZs) are most common in which country?Group of answer choicesChinaArgentinaJapanFranceGreat Britain
Question
Special economic zones (SEZs) are most common in which country?
- China
- Argentina
- Japan
- France
- Great Britain
Solution
Breaking Down the Problem
- Identify the countries listed as options: China, Argentina, Japan, France, and Great Britain.
- Understand what Special Economic Zones (SEZs) are and where they are most prominently established.
Relevant Concepts
Special Economic Zones (SEZs) are designated areas in countries that possess special economic regulations that differ from the rest of the country. These are typically aimed at attracting foreign investment, boosting exports, and creating jobs, often through reduced tax rates and less stringent regulations.
Analysis and Detail
Among the choices given, China is renowned for its extensive implementation of SEZs, which started with the establishment of the first SEZ in Shenzhen in 1980. In recent decades, the Chinese SEZ model has been replicated in various regions as a means to facilitate economic growth and development.
Countries like Argentina, Japan, France, and Great Britain have also experimented with SEZs or similar concepts, but none have the scale or global significance that China does with its SEZs.
Verify and Summarize
Based on historical and economic data, China stands out as the country with the most significant and widespread implementation of Special Economic Zones.
Final Answer
China
Similar Questions
Special economic zones (SEZs) are most common in which country?Group of answer choicesChinaArgentinaJapanFranceGreat Britain
QuestionFree trade zones and export-processing zones are types of special economic zones.ResponsesTrueTrueFalse
Which economic system is being practiced is most countries of the world?a.Market economyb.Traditional economyc.Mixed economyd.Command economy
A fast-growing and increasingly important geo-political and economic segment of the world is also known asGroup of answer choicesBRICSBREXITperiphery
Which of the following areas of the United Kingdom is the most sparselypopulated?
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.