Special Economic Zones

What do Hong Kong, West Berlin and China’s Shenzen region have in common? They have all prospered as special economic zones alongside regions dominated by government.

Hooning off into the special economic zone… Picture: Ray Strange

The federal Opposition’s leaked proposal to spur development in Australia’s sparsely populated north met with peremptory dismissal last week. But special economic zones are neither a new nor untried idea.

The spectacular transformations of Hong Kong and West Berlin are renowned testament to the power of free trade and market prices. China’s spectacular economic growth rests on creative economic zoning too. Inspired by Hong Kong’s rapid efflorescence, then-leader Deng Xiaoping designated special economic zones in Shenzen in 1980.

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  • James of Hong Kong says:

    05:59pm | 15/02/13

    @Vet65: You are correct, great comment! The crime that is the Australian Greens and in particular that child SH-Y is that it only takes a nano second to recall just how devastating and prolonged the last drought was. One can easily recall the amount of tragic suicides that took place… Read more »

  • mick says:

    05:39pm | 15/02/13

    This is about merging us into the Asian union you fucking halfwit..Its about us being completely swamped by jungle Bunnies and being run by a 1 world communist system…And you support that??? Drop dead you fucking treasonist cocksucker… Read more »

 

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