Title

Legal and socio-economic aspects of special economic zones

Degree

Master of Business Administration

Faculty / School

Faculty of Business Administration (FBA)

Project Type

MBA Research Project

Abstract / Summary

Peoples Republic of China (PRC or China) has experience phenomenal economic development in last three decades. In midcentury, it was struggling internally and trying to cope up with international race for economic development. Although it was involved in trade but it could never be a prominent player in the global economic horizon. It was in 1978 when Deng Xiaping took control of the government and introduced reforms in the areas of agriculture, industry, banking, finance and labor system. with these reforms, there was a shift in the economic system from centrally controlled central planning to free market economy and it was a hybrid of both, referred as socialist market economy. Special Economic Zones (SEZs) wee developed as part of the Goungdon provide which was later replicated in other regions after refining the processes. The state did not stop here, it kept on introducing reforms to keep updated with the changing economic environment. That is one of the reasons that Chinese economy has the highest economic environment. That is one of the reasons that Chinese economy has the highest economic growth rate of a average 8% over the years. In addition to the economic reforms other factors which contributed to the economic growth such as Chinese culture itself.

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