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02 Feb: Free Private Cities – the final development of SEZs?

Free Private Cities – the final development of SEZs? In the 1960s there were only a handful free zones, which we call today Special Economic Zones (SEZs). Thereof, the former Shannon Airport in Ireland is probably the best known. Today it is assumed that there are over 4500 SEZs in the world. Despite the fact that not all of them are really operative, this is an impressive number. There’s obviously a trend towards areas with a regulation different from the home country. One could also argue, that each SEZ is a confession of the state, that its laws are obviously…