Structural Transformation Through Free Trade Zones: The Case of Shanghai

21 Pages Posted: 11 Jun 2020

See all articles by Guangwen Meng

Guangwen Meng

Tianjin Normal University

Douglas Zhihua Zeng

World Bank; World Bank Group

Date Written: September 2, 2019

Abstract

Launched in 2013, the Shanghai Pilot Free Trade Zone (FTZ) was intended to serve as a platform for testing China’s new policy to facilitate more open trade and further open up its services sectors, such as finance, through easing restrictions on foreign and domestic companies. By 2018, it had attracted over 50,000 member companies. This paper provides an overview of global free economic zones (FEZs), or special economic zones (SEZs), and a detailed study of the Shanghai Pilot FTZ and its success factors and challenges. It draws out lessons that may be applicable to other developing countries.

Keywords: Free economic zones, free trade zones, structural transformation, services sector liberalization, Shanghai Pilot Free Trade Zone

Suggested Citation

Meng, Guangwen and Zeng, Douglas Zhihua, Structural Transformation Through Free Trade Zones: The Case of Shanghai (September 2, 2019). Transnational Corporations Journal, Vol. 26, No. 2, 2019, Available at SSRN: https://ssrn.com/abstract=3623044

Guangwen Meng (Contact Author)

Tianjin Normal University ( email )

Douglas Zhihua Zeng

World Bank

1818 H Street, N.W.
Washington, DC 20433
United States

World Bank Group

1818 H Street, N.W.
Washington, DC 20433
United States

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