Local Free Economic Zones: New Approach and New Opportunities
Keywords:
local free economic zone, free economic zone, FEZ, objectives and tasks of creation of zones, experience of functioning of zones in various countries.Abstract
The problems of creation and functioning of localfree economic zones (further FEZ) are no longer thematter that concerns only theorists, but these issues alsoconcern businessmen and politicians. Different countrieshave gained both positive and negative experienceof creation and functioning of such zones.This article contains the analysis of theoretical andapplied issues of creation and functioning of local (regional)FEZ, their interrelation with State FEZ, whichare created by State authorities; a new approach isproposed to the definition of term “local FEZ” itself; itsadvantages and opportunities are described in comparisonwith traditional ideas regarding local FEZ. Theconclusions have been drawn up regarding the possibilityand profitability of the creation of local FEZ on thebasis of approach described in this article in regions ofboth Russia and other countries.
