If human capital and technology manipulation skills are to be aquired in the presence of increasing returns dynamics undoubtedly the use of some kind of incentive or other is entirely justifiable in the context of a developing economy. The question at the end of the day isn’t who it is who does the gatekeeping, it is how it is done.
Edward at The Indian Economy Blog writes on the misplaced criticisms of the Special Economic Zones (SEZ) strategies used to further economic growth.
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