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Financial Services Trade in Special Economic Zones
Journal of International Economic Law ( IF 3.160 ) Pub Date : 2021-04-23 , DOI: 10.1093/jiel/jgab023
Panagiotis Delimatsis

The mushrooming of special economic zones (SEZs) in recent years has led to a significant increase in the supply of attractive incentives for investors looking for opportunities abroad. Special economic zones are self-contained regimes, inextricably associated with investment promotion policies and domestic industrial policy in general, that many times form part of a broader strategic governmental planning that aims at experimenting with economic rule-making in strictly defined territorial and jurisdictional boundaries. While empirical evidence is still inconclusive, special economic zones can contribute to economic development at the domestic level through a varying degree of channels. This is even more the case with services-only special economic zones, a new phenomenon that exemplifies the rising importance of trade in services but also the ‘servicification trend’ that drives global economic activity. Against this background, this article examines the case of services in special economic zones and offers a tour d’horizon of the current services-related special economic zone landscape. Furthermore, the article critically reviews the patterns, traits, and limits of trade in financial services within special economic zones and discusses the relevance of the General Agreement on Trade in Services at this juncture. It concludes with a discussion of potential development-related benefits ensuing from trade in financial services within special economic zones.

中文翻译:

经济特区金融服务贸易

近年来经济特区 (SEZ) 的蓬勃发展导致为在国外寻找机会的投资者提供有吸引力的激励措施的供应显着增加。经济特区是自给自足的制度,与投资促进政策和一般的国内产业政策密不可分,很多时候是更广泛的政府战略规划的一部分,旨在在严格界定的领土和管辖范围内试验经济规则制定。虽然经验证据尚无定论,但经济特区可以通过不同程度的渠道促进国内经济发展。仅提供服务的经济特区更是如此,这一新现象体现了服务贸易日益重要的重要性,同时也体现了推动全球经济活动的“服务化趋势”。在此背景下,本文考察了经济特区的服务案例,并提供了当前与服务相关的经济特区景观的全景图。此外,本文批判性地回顾了经济特区内金融服务贸易的模式、特征和限制,并讨论了《服务贸易总协定》在此关头的相关性。最后讨论了经济特区内金融服务贸易带来的潜在发展相关利益。本文研究了经济特区的服务案例,并提供了当前与服务相关的经济特区景观的全景图。此外,本文批判性地回顾了经济特区内金融服务贸易的模式、特征和限制,并讨论了《服务贸易总协定》在此关头的相关性。最后讨论了经济特区内金融服务贸易带来的潜在发展相关利益。本文研究了经济特区的服务案例,并提供了当前与服务相关的经济特区景观的全景图。此外,本文批判性地回顾了经济特区内金融服务贸易的模式、特征和限制,并讨论了《服务贸易总协定》在此关头的相关性。最后讨论了经济特区内金融服务贸易带来的潜在发展相关利益。和经济特区内金融服务贸易的限制,并在此时讨论《服务贸易总协定》的相关性。最后讨论了经济特区内金融服务贸易带来的潜在发展相关利益。和经济特区内金融服务贸易的限制,并在此时讨论《服务贸易总协定》的相关性。最后讨论了经济特区内金融服务贸易带来的潜在发展相关利益。
更新日期:2021-04-23
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