Regional features of the development of special economic zones. The example of the Latin American region’s countries

Abstract

The economic activity of modern countries is associated with creation and functioning of SEZs. They are seen as effective tools for the development of national economy: job creation, export growth, attracting foreign investment, technology transfer and human resources development. SEZs in the Latin American region have more than a century of development history, but it was in the 2000s that noticeable changes in their role in the economies of individual countries took place. The article identifies the features of creation and functioning of special economic zones in Latin American countries and discusses the key areas of economic transformation for individual countries of the region in order to attract foreign investment to the SEZs.