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- Title
Shenzhen's Special Economic Zon (SEZ) -- Lessons for Azerbaijan.
- Authors
Najafzade, Yusif
- Abstract
The main purpose of this article is to find out the role of Shenzhen SEZ importance in the Chinese economy. The article explores the reason behind the Chinese economic boom starting from 1980's. Starting from that period, China has become one of the leading players in the global economy due to Shenzhen immense success. Capital going to the Shenzhen SEZ played essential part for Chinese economy. The article highlights Shenzhen's exceptional success attributed to its strategic location and size. The regression analysis conducted from 1980 to 2019 reveals a strong positive correlation between the number of enterprises in Shenzhen and the capital utilized from Hong Kong and Macao. The article extends its analysis to Azerbaijan, showcasing the country's efforts in establishing Special Economic Zones for economic development. It sheds light on the challenges faced by Azerbaijan, such as economic constraints limiting the expansion of industrial parks. The conclusion recommends attracting foreign investors as operators or developers to share costs and benefits, promoting sustainable development.
- Subjects
SHENZHEN (Guangdong Sheng, China : East); AZERBAIJAN; SPECIAL economic zones; ECONOMIC conditions in China; INDUSTRIAL districts; INVESTORS; FREE ports &; zones; SUSTAINABLE development; INDUSTRIAL expansion; ECONOMIC development
- Publication
Economics & Business (1987-5789), 2024, Vol 16, Issue 1, p92
- ISSN
1987-5789
- Publication type
Article
- DOI
10.52340/eab.2024.16.01.05