Journal of Indonesian Economy and Business
Vol 28, No 3 (2013): September

CRITICAL OUTLOOK AT SPECIAL ECONOMIC ZONE IN ASIA: A COMPARISON BETWEEN INDONESIA, MALAYSIA, THAILAND AND CHINA

Sari Wahyuni (Universitas Indonesia)
Esther Sri Astuti (Student at Mastrich University, the Netherlands)
Karina Miaprajna Utari (Managing Director SKY MAP)



Article Info

Publish Date
02 Sep 2013

Abstract

Special Economic Zones (SEZ) have been proven to help countries in fostering economicgrowth. The aim of this research is to try to help the government to improve SEZ policies inIndonesia by providing a benchmark with other SEZ countries in China, Malaysia, andThailand. While China has the most established SEZ program, Malaysia and Thailand alsohave highly-regarded SEZs and investment incentives. These neighboring countries havedeveloped SEZs in significant quantities but the greatest returns have come from a subsection oflarge-scale zones with favorable locations, good planning and access to resources. Thailandhas a smaller number of zones, but a higher rate of successful zones, such as the automobilecluster which became the anchor of automotive production in Asia. How Indonesia’s positioncompares to these three Asian countries is the main question of this study.Keywords: special economic zone, foreign investment, benchmarking, competitiveness, China,Malaysia, Thailand

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Journal Info

Abbrev

Publisher

Subject

Economics, Econometrics & Finance

Description

Journal of Indonesian Economy and Business (JIEB) is open access, peer-reviewed journal whose objectives is to publish original research papers related to the Indonesian economy and business issues. This journal is also dedicated to disseminating the published articles freely for international ...