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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Trade barriers were eliminated and foreign investors could set up enterprises.
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Specialised zones where only permitted economic activities were allowed to operate.
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Either A or B
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None of the above
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Detailed explanation-1: -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.
Detailed explanation-2: -SEZs are located within a country’s national borders, and their aims include: increased trade increased investment, job creation and effective administration.
Detailed explanation-3: -Special economic zones (SEZs) are widely used in most developing and many developed economies. In these geographically delimited areas, governments facilitate industrial activity through fiscal and regulatory incentives and infrastructure support.
Detailed explanation-4: -The main objectives of the SEZ Act are: generation of additional economic activity. promotion of exports of goods and services. promotion of investment from domestic and foreign sources.