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SEZs and China's Development Promotion: Policy Exchanges Under the Belt and Road Initiative

SEZs and China's Development Promotion: Policy Exchanges Under the Belt and Road Initiative

Carlos Rodrigues, Pedro Steenhagen
Copyright: © 2022 |Pages: 18
ISBN13: 9781799876199|ISBN10: 1799876195|ISBN13 Softcover: 9781799876205|EISBN13: 9781799876212
DOI: 10.4018/978-1-7998-7619-9.ch002
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MLA

Rodrigues, Carlos, and Pedro Steenhagen. "SEZs and China's Development Promotion: Policy Exchanges Under the Belt and Road Initiative." Handbook of Research on Special Economic Zones as Regional Development Enablers, edited by Paulo Guilherme Figueiredo, et al., IGI Global, 2022, pp. 21-38. https://doi.org/10.4018/978-1-7998-7619-9.ch002

APA

Rodrigues, C. & Steenhagen, P. (2022). SEZs and China's Development Promotion: Policy Exchanges Under the Belt and Road Initiative. In P. Figueiredo, F. Leandro, & Y. Li (Eds.), Handbook of Research on Special Economic Zones as Regional Development Enablers (pp. 21-38). IGI Global. https://doi.org/10.4018/978-1-7998-7619-9.ch002

Chicago

Rodrigues, Carlos, and Pedro Steenhagen. "SEZs and China's Development Promotion: Policy Exchanges Under the Belt and Road Initiative." In Handbook of Research on Special Economic Zones as Regional Development Enablers, edited by Paulo Guilherme Figueiredo, Francisco José Leandro, and Yichao Li, 21-38. Hershey, PA: IGI Global, 2022. https://doi.org/10.4018/978-1-7998-7619-9.ch002

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Abstract

SEZs in China have been considered a successful experience and an important tool not only to attract foreign investment in an ordered manner but also to stimulate economic growth, generate social benefits, and to experiment innovative policies. The country-specific approach, discarding a “one-size-fits-all” model, is one of the elements that enabled Chinese SEZs to thrive. Policy experimentation, a smaller level of risk aversion, if compared to developed countries, and a mixture of top-down and bottom-up decision processes between local and central governments reflect a dynamic environment attractive to developing nations. This attraction finds nourishment in the pragmatic international cooperation with Chinese characteristics. This chapter explores the role the Belt and Road Initiative can play in exporting the Chinese SEZ “model,” especially, in African countries. By scrutinising the adaptability of the Chinese “model” to different contexts, it tackles the potential accrued to SEZs' implementation in BRI nations in terms of the advancement of new policymaking procedures.

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