Special Economic Zones
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Special Economic Zones
A special economic zone (SEZ) is an area in which the business and trade laws are different from the rest of the country. SEZs are located within a country's national borders, and their aims include increasing trade balance, employment, increased investment, job creation and effective administration. To encourage businesses to set up in the zone, financial policies are introduced. These policies typically encompass investing, taxation, trading, quotas, customs and labour regulations. Additionally, companies may be offered tax holidays, where upon establishing themselves in a zone, they are granted a period of lower taxation. The creation of special economic zones by the host country may be motivated by the desire to attract foreign direct investment (FDI). The benefits a company gains by being in a special economic zone may mean that it can produce and trade goods at a lower price, aimed at being globally competitive. In some countries, the zones have been criticized for bei ...
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Taxation
A tax is a mandatory financial charge or levy imposed on an individual or legal person, legal entity by a governmental organization to support government spending and public expenditures collectively or to Pigouvian tax, regulate and reduce negative Externality, externalities. Tax compliance refers to policy actions and individual behavior aimed at ensuring that taxpayers are paying the right amount of tax at the right time and securing the correct tax allowances and tax relief. The first known taxation occurred in Ancient Egypt around 3000–2800 BC. Taxes consist of direct tax, direct or indirect taxes and may be paid in money or as labor equivalent. All countries have a tax system in place to pay for public, common societal, or agreed national needs and for the functions of government. Some countries levy a flat tax, flat percentage rate of taxation on personal annual income, but most progressive tax, scale taxes are progressive based on brackets of yearly income amounts. Most ...
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Republic Of Ireland
Ireland ( ), also known as the Republic of Ireland (), is a country in Northwestern Europe, north-western Europe consisting of 26 of the 32 Counties of Ireland, counties of the island of Ireland, with a population of about 5.4 million. Its capital city, capital and largest city is Dublin, on the eastern side of the island, with a population of over 1.5 million. The sovereign state shares its only land border with Northern Ireland, which is Countries of the United Kingdom, part of the United Kingdom. It is otherwise surrounded by the Atlantic Ocean, with the Celtic Sea to the south, St George's Channel to the south-east and the Irish Sea to the east. It is a Unitary state, unitary, parliamentary republic. The legislature, the , consists of a lower house, ; an upper house, ; and an elected President of Ireland, president () who serves as the largely ceremonial head of state, but with some important powers and duties. The head of government is the (prime minister, ), ...
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Reform And Opening Up
Reform and opening-up ( zh, s=改革开放, p=Gǎigé kāifàng), also known as the Chinese economic reform or Chinese economic miracle, refers to a variety of economic reforms termed socialism with Chinese characteristics and socialist market economy in the People's Republic of China (PRC) that began in the late 20th century, after Mao Zedong's death in 1976. Guided by Deng Xiaoping, who is often credited as the "General Architect", the reforms were launched by reformists within the ruling Chinese Communist Party (CCP) on December 18, 1978, during the '' Boluan Fanzheng'' period. A parallel set of political reforms were launched by Deng and his allies in the 1980s, but eventually ended in 1989 due to the crackdown on the Tiananmen Square protests, halting further political liberalization. The economic reforms were revived after Deng Xiaoping's southern tour in 1992. The reforms led to significant economic growth for China within the successive decades; this phenomenon has si ...
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Century Of Humiliation
The century of humiliation was a period in Chinese history beginning with the First Opium War (1839–1842), and ending in 1945 with China (then the Republic of China) emerging out of the Second World War as one of the Big Four and established as a permanent member of the United Nations Security Council, or alternatively, ending in 1949 with the founding of the People's Republic of China. The century-long period is typified by the decline, defeat and political fragmentation of the Qing dynasty and the subsequent Republic of China, which led to demoralizing foreign intervention, annexation and subjugation of China by Western powers, Russia, and Japan. The characterization of the period as a "humiliation" arose with an atmosphere of Chinese nationalism following China's defeat in the First Sino-Japanese War of 1894-1895 and the subsequent events including the scramble for concessions in the late 1890s. Since then the idea of national humiliation became a focus of discussi ...
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Treaty Ports
Treaty ports (; ) were the port cities in China and Japan that were opened to foreign trade mainly by the unequal treaties forced upon them by Western powers, as well as cities in Korea opened up similarly by the Qing dynasty of China (before the First Sino-Japanese War) and the Empire of Japan. Chinese treaty ports The British established their first treaty ports in China after the First Opium War by the Treaty of Nanking in 1842. As well as ceding the island of Hong Kong to Great Britain in perpetuity, the treaty also established five treaty ports at Shanghai, Guangzhou (Canton), Ningbo, Fuzhou, and Xiamen (Amoy). The following year the Chinese and British signed the Treaty of the Bogue, which added provisions for extraterritoriality and the most favored nation status for the latter country. Subsequent negotiations with the Americans (1844 Treaty of Wanghia) and the French (1844 Treaty of Whampoa) led to further concessions for these nations on the same terms as the B ...
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Special Economic Zones Of China
The Special Economic Zones of China (SEZ) are designated areas with economic policies and regulations designed to attract foreign business. These zones have more Free market, market-oriented business regulations compared to the rest of the country. They were established to attract foreign investment, boost different forms of economic growth, and facilitate experimentation with market reforms. Many of these zones can be attributed to the policy of paramount leader of China Deng Xiaoping during the early 1980 in China, 1980s. One of the larger reforms under Deng was establishing four SEZs along the South-eastern coast of China, with Shenzhen Special Economic Zone, Shenzhen, Shantou Special Economic Zone, Shantou, and Zhuhai Special Economic Zone, Zhuhai located in Guangdong Province, Guangdong province and Xiamen Special Economic Zone, Xiamen located in Fujian Province, Fujian province. These initial SEZs were all established from 1980 to 1981. As of 2024, there have been 3 additio ...
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Multinational Corporation
A multinational corporation (MNC; also called a multinational enterprise (MNE), transnational enterprise (TNE), transnational corporation (TNC), international corporation, or stateless corporation, is a corporate organization that owns and controls the production of goods or services in at least one country other than its home country. Control is considered an important aspect of an MNC to distinguish it from international portfolio investment organizations, such as some international mutual funds that invest in corporations abroad solely to diversify financial risks. Most of the current largest and most influential companies are Public company, publicly traded multinational corporations, including Forbes Global 2000, ''Forbes'' Global 2000 companies. History Colonialism The history of multinational corporations began with the history of colonialism. The first multinational corporations were founded to set up colonial "factories" or port cities. The two main examples were the ...
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Harvard University Press
Harvard University Press (HUP) is an academic publishing house established on January 13, 1913, as a division of Harvard University. It is a member of the Association of University Presses. Its director since 2017 is George Andreou. The press maintains offices in Cambridge, Massachusetts, near Harvard Square, and in London, England. The press co-founded the distributor TriLiteral LLC with MIT Press and Yale University Press. TriLiteral was sold to LSC Communications in 2018. Notable authors published by HUP include Eudora Welty, Walter Benjamin, E. O. Wilson, John Rawls, Emily Dickinson, Stephen Jay Gould, Helen Vendler, Carol Gilligan, Amartya Sen, David Blight, Martha Nussbaum, and Thomas Piketty. The Display Room in Harvard Square, dedicated to selling HUP publications, closed on June 17, 2009. Related publishers, imprints, and series HUP owns the Belknap Press imprint (trade name), imprint, which it inaugurated in May 1954 with the publication of the ''Harvard Guide to ...
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Shenzhen Special Economic Zone
The Shenzhen Special Economic Zone () is a special economic zone (SEZ) of China. One of four special economic zones (SEZ) established in May 1980, it was the first SEZ created by Deng Xiaoping, and, like the other three zones, was modeled after Ireland's Shannon Free Zone. Until 2010, the Shenzhen Special Economic Zone comprised four of the nine districts of Shenzhen City in Guangdong Province, namely Luohu, Futian, Nanshan, and Yantian, with a total area of 493 km2. In 2010, it was expanded to include the rest of the city, substantially increasing the geographical size of the SEZ. History The celebration of the 40th Anniversary of the Shenzhen Special Economic Zone was held on 14 October 2020. Population characteristics Before Shenzhen became a special economic zone in 1980, it existed as a small city containing only 310,000 residents and less than 30,000 workers. By the end of 2000, however, the population had grown to 4.33 million and its labor force to 3. ...
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Deng Xiaoping
Deng Xiaoping also Romanization of Chinese, romanised as Teng Hsiao-p'ing; born Xiansheng (). (22 August 190419 February 1997) was a Chinese statesman, revolutionary, and political theorist who served as the paramount leader of the People's Republic of China from 1978 to 1989. In the aftermath of Mao Zedong's Death and state funeral of Mao Zedong, death in 1976, Deng succeeded in consolidating power to lead China through a period of reform and opening up that transformed its economy into a socialist market economy. He is widely regarded as the "Architect of Modern China" for his contributions to socialism with Chinese characteristics and Deng Xiaoping Theory. Born in Sichuan, the son of landowning peasants, Deng first learned of Marxism–Leninism while studying and working abroad in France in the early 1920s through the Work-Study Movement. In France, he met future collaborators like Zhou Enlai. In 1924, he joined the Chinese Communist Party (CCP) and continued his studies in ...
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East Asia
East Asia is a geocultural region of Asia. It includes China, Japan, Mongolia, North Korea, South Korea, and Taiwan, plus two special administrative regions of China, Hong Kong and Macau. The economies of Economy of China, China, Economy of Japan, Japan, Economy of South Korea, South Korea, and Economy of Taiwan, Taiwan are among the world's largest and most prosperous. East Asia borders North Asia to the north, Southeast Asia to the south, South Asia to the southwest, and Central Asia to the west. To its east is the Pacific Ocean. East Asia, especially History of China, Chinese civilization, is regarded as one of the earliest Cradle of civilization#China, cradles of civilization. Other ancient civilizations in East Asia that still exist as independent countries in the present day include the History of Japan, Japanese, History of Korea, Korean, and History of Mongolia, Mongolian civilizations. Various other civilizations existed as independent polities in East Asia in the past ...
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Latin America
Latin America is the cultural region of the Americas where Romance languages are predominantly spoken, primarily Spanish language, Spanish and Portuguese language, Portuguese. Latin America is defined according to cultural identity, not geography, and as such it includes countries in both North and South America. Most countries south of the United States tend to be included: Mexico and the countries of Central America, South America and the Caribbean. Commonly, it refers to Hispanic America plus Brazil. Related terms are the narrower Hispanic America, which exclusively refers to Spanish-speaking nations, and the broader Ibero-America, which includes all Iberic countries in the Americas and occasionally European countries like Spain, Portugal and Andorra. Despite being in the same geographical region, English- and Dutch language, Dutch-speaking countries and territories are excluded (Suriname, Guyana, the Falkland Islands, Jamaica, Trinidad and Tobago, Belize, etc.), and French- ...
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