Export Processing Zones AP Human Geography: A Comprehensive Analysis
Understanding Export Processing Zones (EPZs) Export Processing Zones (EPZs) are designated areas within a country that offer special incentives to attract foreign investment, primarily in manufacturing for export. These incentives typically include tax breaks, simplified regulations, and streamlined customs procedures. The concept emerged after World War II, gaining traction as a strategy for fostering economic development, particularly in developing countries. Think of them as carefully constructed economic magnets, designed to leverage global trade for national growth....