Export Processing Zones in the Philippines
Special economic zones are regions within a certain country that have more liberal economic, tax and labor laws than the rest of the country.
Manila South Harbor
Each is designed to attract new investors to stimulate the nation’s economy through increased economic activities than would otherwise be possible. These investors are usually foreign businesses who want to avail of the special incentives being offered by that particular country which will afford their firms certain competitive advantages.
Central Business District - Makati.
The country hosting these special zones is likewise expected to benefit directly or indirectly through additional employment, increased foreign exchange earnings, new technology transfers and foreign direct investments. There are many types of special economic zones today. Each is suited to a specific investor need. But some economists have questioned the wisdom and benefits of putting up these economic zones in the first place.