Abstract
The cities and regions' development are the basic elements for the national economic growth. This chapter assesses the current economic policy of typical special economic zones (SEZs) in Russia and China within Belt and Road Initiative. SEZs represent an arena for innovative solutions and infrastructure development. Based on the analysis of main Russian and Chinese special economic zones and spillover effects, we identify the innovative development and discuss the role of cities and regions with special economic zones as innovation hubs. We argue that the direct and spillover effects of special economic zones can significantly improve local innovation and bring further benefits to the development of specific locations within BRI.
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