Malaysia's Proactive Economic Zone Regime As a Model to Emulate For Success of Bangladesh Economic Zone Scheme

Alam, M.M., Molla, R.I., and Murad, M.W. 2014. Malaysia’s Proactive Economic Zone Regime as a Model to Emulate for Success of Bangladesh Economic Zone Scheme, Journal of Developing Areas. Vol. 48(2), pp. 399-407.

9 Pages Posted: 29 Mar 2017

See all articles by Md. Mahmudul Alam

Md. Mahmudul Alam

Universiti Utara Malaysia

Rafiqul Molla

International Islamic University Chittagong

Md. Wahid Murad

University of Adelaide - Faculty of the Professions

Date Written: 2014

Abstract

Economic zone or export processing zone in a country is a purpose-built industrial park with infrastructure designed to suit the needs of foreign as well as local investors. In order to tempt foreign investors into the zones the host developing countries offer a variety of incentives. By encouraging and motivating the multinational companies to settle their Greenfield investments in developing countries, the economic zone scheme acts as a tool for empowering the local economy to gain multiple capabilities and go global increasingly to facilitate income convergence between the industrialized and the developing countries through equitable sharing of the gains from trade. Nonetheless, it is not a magic wand. Its experiences in Malaysia and Bangladesh clearly show that it can create wonder only when it is appropriately designed and managed. It is suggested that Bangladesh borrows a leaf from the rich experiences of Malaysia's economic zone model, to restructure and revitalize her economic zone scheme for greater success.

Keywords: Economic zone, globalization, industrialization, Malaysia, Bangladesh Corresponding Author’s

JEL Classification: F21, H87, J24, L52, O14, O25

Suggested Citation

Alam, Md. Mahmudul and Molla, Rafiqul and Murad, Md. Wahid, Malaysia's Proactive Economic Zone Regime As a Model to Emulate For Success of Bangladesh Economic Zone Scheme (2014). Alam, M.M., Molla, R.I., and Murad, M.W. 2014. Malaysia’s Proactive Economic Zone Regime as a Model to Emulate for Success of Bangladesh Economic Zone Scheme, Journal of Developing Areas. Vol. 48(2), pp. 399-407.. Available at SSRN: https://ssrn.com/abstract=2942608

Md. Mahmudul Alam (Contact Author)

Universiti Utara Malaysia ( email )

Sintok, Kedah
Malaysia

Rafiqul Molla

International Islamic University Chittagong ( email )

College Road
Chittagong
Bangladesh

Md. Wahid Murad

University of Adelaide - Faculty of the Professions ( email )

Australia

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