The correct answer is: d) All of the above.
Special Economic Zones (SEZs) or industrial parks are established to attract investment, provide developed land and infrastructure, and facilitate exports.
SEZs are designated areas with special economic and trade regulations that are designed to attract foreign direct investment (FDI). They offer a number of incentives to investors, including tax breaks, duty-free imports, and simplified customs procedures.
SEZs also provide developed land and infrastructure, which can be a major barrier to investment in developing countries. They often have access to good transportation links, power, water, and telecommunications.
Finally, SEZs can facilitate exports by providing a one-stop shop for all the necessary paperwork and approvals. They can also help to connect businesses with buyers and suppliers around the world.
SEZs have been successful in attracting investment and promoting exports in a number of countries. For example, China’s SEZs have been credited with helping to fuel the country’s economic growth.
However, SEZs have also been criticized for a number of reasons, including their impact on the environment, their lack of transparency, and their potential to create enclaves of wealth and inequality.
Despite these criticisms, SEZs remain an important tool for economic development in many countries.