Analysis of free economic zones functioning in the Asian Region

Economic Annals-ХХI: Volume 149, Issue 3-4(1), Pages: 16-19

Citation information:
Stecenko, I. (2015). Analysis of free economic zones functioning in the Asian Region. Economic Annals-XXI, 3-4(1), 16-19. https://ea21journal.world/index.php/ea-v149-04/

Inna Stecenko
D.Sc. (Economics),
Profesor,
Vice Rector for Research and Development,
Baltic International Academy
4 Lomonosov Str., Riga, LV-1003, Latvia
inna.stecenko@bsa.edu.lv

Analysis of free economic zones functioning in the Asian Region

Abstract. For the justification of effectiveness of the integration processes by the means of creation of free economic zones, in the article is carried out the analysis of influence of free economic zones on the development of the economy of the Asian countries, such as: Indonesia, Malaysia, North Korea, Singapore and China. Using the econometric methods is showed the influence of foreign capital on the level of development of the state and is suggested to consider the free economic zones in the modern economy as a way for strengthening of the integration processes.

Keywords: Region; Free Economic Zones; Economic Growth; Asian Region

JEL Classification: A10; B23; E62

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Received 7.03.2015