POST COLD WAR WORLD
RISE OF CHINA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -The economic regulations of special economic zones (SEZs) tend to be conducive to-and attract-foreign direct investment (FDI). Special economic zones (SEZs) are typically created in order to facilitate rapid economic growth by leveraging tax incentives to attract foreign investment and spark technological advancement.
Detailed explanation-2: -This is tested using panel data techniques on 16 groups of states over 14 years period from 2001 to 2014. The results indicate that enactment of SEZ policy (as well as op-erational SEZs) in a state has induced more FDI inflow.
Detailed explanation-3: -Some of the reasons for foreign direct investments in India include a functional government, political stability, economic opportunities, positive financial development, powerful domestic production, market reforms and an entrepreneurial mindset.
Detailed explanation-4: -The main objectives of the SEZ Scheme is generation of additional economic activity, promotion of exports of goods and services, promotion of investment from domestic and foreign sources, creation of employment opportunities along with the development of infrastructure facilities.