The Impact of Special Economic Zones on Human Development: A Case Study on Economic

Abstract

This study examine the role of special economic zones (SEZs) in driving economic growth. The phenomenological approach used for understanding the link between SEZs and economic growth drivers such as job creation, foreign direct investment, technology transfer, and infrastructure development in a range of scenarios. The study analyzed secondary and primary data on Special Economic Zones (SEZs) and economic indicators to determine their impact on economic growth, as well as a survey of 400 respondents to get primary data on how they feel and their attitudes. The results indicate that there are no special economic zones due to a lack of a link between special economic zones and economic development indicators. While special economic zones are important for economic development. Successful economic policies and politicians should maintain consistency in policy announcements and adopt a bottom-up approach. Governments should also incorporate stakeholders in new strategies, such as industrial clusters, which are more effective than special economic zones.