Free economic zone

High school (ages 12+)
People & Society

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/free-economic-zone

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. What is the key policy tools?Fiscal incentives (tax breaks, duty exemptions) and administrative streamlining (simplified procedures)
2. What is the related concepts?Special Economic Zones (SEZs), Export Processing Zones (EPZs), Free Trade Zones (FTZs)
3. Why do countries set up free economic zones?They want to attract foreign companies, create jobs, and boost exports, which helps the whole country grow.
4. How do free economic zones help businesses?They give tax breaks, duty‑free imports of machines, and relaxed rules, making it cheaper and easier to start and run a company.

Foreign Direct Investment (FDI): Investment made by a company or individual from one country into business interests located in another country.
Fiscal Incentives: Government measures, such as tax reductions or exemptions, designed to encourage specific economic activities.
Global Value Chains: The full range of activities required to bring a product or service from conception to end-use, often spanning multiple countries.