Freeports under the bases conversion programme embodied in republic act no 7227 as amended and evaluates the roles that they played in the national economic development and security of the philippines a further aim of this chapter is to identify challenges that have been faced by the government in these zones which have led to economic losses. A special economic zone sez is an area in which the business and trade laws are different from the rest of the countrysezs are located within a countrys national borders and their aims include increased trade balance employment increased investment job creation and effective administration. Ap human geography 10 study play special economic zone sez in the 1980s and 90s the communist governments presiding over planned economies began deregulating and moving toward market based economies today most economies are market or mixed economies except those in cuba or north korea. Since 1979 chinas special economic zones sez have been beckoning foreign investors to do business in china created after deng xiaopings economic reforms were implemented in china in 1979 special economic zones are areas where market driven capitalist policies are implemented to entice foreign businesses to invest in china. Harding a 2011 the indian special economic zones act 2005 implications for modeling the law and governance of sezs in carter c and harding a eds special economic zones in asian market economies new york and london routledge
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