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      World Review of Political Economy

      Volume 5, Issue 3
       
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      The Development Process, Functional Evaluation, and Implications of World Free Trade Zones

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            Abstract

            The Free Trade Zone (FTZ) in the modern sense is one of the important forms of the realization of economic globalization. The purpose of this article is to explore the nature and characteristics of the FTZ and its significance by studying its development from free ports and export processing zones up to the new FTZs with integrated functions. Through the comparative analysis of the Irish Shannon Free Zone, the Taiwan Kaohsiung Export Processing Zone, and the US Foreign Trade Zone, this article focuses on the pros and cons of FTZs for a country or region and points out their five strengths and four weaknesses. For the construction of the Shanghai Pilot FTZ and other potential zones, this article puts forward several proposals that may provide useful reference material.

            Content

            Author and article information

            Journal
            Journal ID (doi): 10.13169
            Journal ID (publisher-id): worlrevipoliecon
            Title: World Review of Political Economy
            Publisher: Pluto Journals
            ISSN (Print): 2042891X
            ISSN (Electronic): 20428928
            Publication date (Print): Fall 2014
            Volume: 5
            Issue: 3
            Pages: 359-371
            Article
            Publisher ID: worlrevipoliecon.5.3.0359
            DOI: 10.13169/worlrevipoliecon.5.3.0359
            SO-VID: 8d8eef75-a099-42a8-916d-00a3ba7bc05e
            Copyright © Copyright 2014 World Association for Political Economy
            License:

            All content is freely available without charge to users or their institutions. Users are allowed to read, download, copy, distribute, print, search, or link to the full texts of the articles in this journal without asking prior permission of the publisher or the author. Articles published in the journal are distributed under a http://creativecommons.org/licenses/by/4.0/.

            History
            Categories
            Subject: Articles

            ScienceOpen disciplines: Political economics
            Keywords: functional strengths and weaknesses,free port,export processing zone,foreign trade zone

            Notes

            1. See http://www.shftz.gov.cn/WebViewPublic/item_page.aspx?parentId=625&id=633.

            2. See http://www.mofcom.gov.cn/article/i/jyjl/m/201312/20131200435269.shtml.

            3. See Zaobao Website , January 29, 2014, http://www.zaobao.com/realtime/world/story20140129304937.

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