Special Economic Zones in the Dominican Republic : Policy Considerations for a More Competitive and Inclusive Sector

The Dominican Republic is often considered an example of the successful implementation of Special Economic Zones (henceforth SEZs) in the Western hemisphere. The zones fueled economic growth during the 1980s and 1990s and, while they experienced a sharp decline in employment due in part to the expir...

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Main Author:	World Bank Group
Format:	Report
Language:	English en_US
Published:	World Bank, Washington, DC 2017
Subjects:	ECONOMIC GROWTH DEVELOPMENT FINANCE GROWTH MANAGEMENT ZONES GLOBAL VALUE CHAINS trade policy global value chains special economic zones WTO
Online Access:	http://documents.worldbank.org/curated/en/184001487332346268/Special-economic-zones-global-value-chains-and-the-degree-of-domestic-linkages-in-the-Dominican-Republic http://hdl.handle.net/10986/26103

id	okr-10986-26103
recordtype	oai_dc
spelling	okr-10986-261032021-06-14T10:13:27Z Special Economic Zones in the Dominican Republic : Policy Considerations for a More Competitive and Inclusive Sector World Bank Group ECONOMIC GROWTH DEVELOPMENT FINANCE GROWTH MANAGEMENT ZONES GLOBAL VALUE CHAINS trade policy global value chains special economic zones WTO The Dominican Republic is often considered an example of the successful implementation of Special Economic Zones (henceforth SEZs) in the Western hemisphere. The zones fueled economic growth during the 1980s and 1990s and, while they experienced a sharp decline in employment due in part to the expiry of the end of the Multi-Fiber Agreement and stronger international competition in the textile and apparel industry in 2005, signs of recovery have been observed since 2009. Surgical equipment, chemicals and plastics, and footwear have recently emerged as the new drivers of export dynamism in the zones (World Bank, 2015). The objective of this report is to inform the policy discussion around the developmental impact of SEZs in the Dominican Republic by empirically assessing i) the implications of regulatory reforms aimed at complying with WTO disciplines regarding the elimination of incentives conditioned on export performance for SEZs firms, ii) the extent to which SEZs participate in Global Value Chains, and iii) their linkages with domestic suppliers. The report is organized as follows: The second section presents the historical importance of SEZ as an engine of economic growth in the country. The third section depicts the structural shift in terms of production in SEZs and evaluates the degree of value addition taking place in the Dominican Republic. The fourth section evaluates the degree and evolution of linkages between SEZs and local firms. The fifth section shows the impact of the regulatory changes in the SEZ regimen undertaken to comply with WTO disciplines. Finally, some conclusions and policy recommendations are presented in section six. 2017-02-21T20:45:58Z 2017-02-21T20:45:58Z 2016-11 Report http://documents.worldbank.org/curated/en/184001487332346268/Special-economic-zones-global-value-chains-and-the-degree-of-domestic-linkages-in-the-Dominican-Republic http://hdl.handle.net/10986/26103 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Foreign Trade, FDI, and Capital Flows Study Latin America & Caribbean Dominican Republic
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ECONOMIC GROWTH DEVELOPMENT FINANCE GROWTH MANAGEMENT ZONES GLOBAL VALUE CHAINS trade policy global value chains special economic zones WTO
spellingShingle	ECONOMIC GROWTH DEVELOPMENT FINANCE GROWTH MANAGEMENT ZONES GLOBAL VALUE CHAINS trade policy global value chains special economic zones WTO World Bank Group Special Economic Zones in the Dominican Republic : Policy Considerations for a More Competitive and Inclusive Sector
geographic_facet	Latin America & Caribbean Dominican Republic
description	The Dominican Republic is often considered an example of the successful implementation of Special Economic Zones (henceforth SEZs) in the Western hemisphere. The zones fueled economic growth during the 1980s and 1990s and, while they experienced a sharp decline in employment due in part to the expiry of the end of the Multi-Fiber Agreement and stronger international competition in the textile and apparel industry in 2005, signs of recovery have been observed since 2009. Surgical equipment, chemicals and plastics, and footwear have recently emerged as the new drivers of export dynamism in the zones (World Bank, 2015). The objective of this report is to inform the policy discussion around the developmental impact of SEZs in the Dominican Republic by empirically assessing i) the implications of regulatory reforms aimed at complying with WTO disciplines regarding the elimination of incentives conditioned on export performance for SEZs firms, ii) the extent to which SEZs participate in Global Value Chains, and iii) their linkages with domestic suppliers. The report is organized as follows: The second section presents the historical importance of SEZ as an engine of economic growth in the country. The third section depicts the structural shift in terms of production in SEZs and evaluates the degree of value addition taking place in the Dominican Republic. The fourth section evaluates the degree and evolution of linkages between SEZs and local firms. The fifth section shows the impact of the regulatory changes in the SEZ regimen undertaken to comply with WTO disciplines. Finally, some conclusions and policy recommendations are presented in section six.
format	Report
author	World Bank Group
author_facet	World Bank Group
author_sort	World Bank Group
title	Special Economic Zones in the Dominican Republic : Policy Considerations for a More Competitive and Inclusive Sector
title_short	Special Economic Zones in the Dominican Republic : Policy Considerations for a More Competitive and Inclusive Sector
title_full	Special Economic Zones in the Dominican Republic : Policy Considerations for a More Competitive and Inclusive Sector
title_fullStr	Special Economic Zones in the Dominican Republic : Policy Considerations for a More Competitive and Inclusive Sector
title_full_unstemmed	Special Economic Zones in the Dominican Republic : Policy Considerations for a More Competitive and Inclusive Sector
title_sort	special economic zones in the dominican republic : policy considerations for a more competitive and inclusive sector
publisher	World Bank, Washington, DC
publishDate	2017
url	http://documents.worldbank.org/curated/en/184001487332346268/Special-economic-zones-global-value-chains-and-the-degree-of-domestic-linkages-in-the-Dominican-Republic http://hdl.handle.net/10986/26103
_version_	1764460967692861440

Special Economic Zones in the Dominican Republic : Policy Considerations for a More Competitive and Inclusive Sector

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