INSTITUTIONAL-FISCAL TRANSFORMATION OF FREE ECONOMIC ZONES AND THEIR STRATEGIC ROLE IN INNOVATIVE DEVELOPMENT
DOI:
https://doi.org/10.60078/3060-4842-2025-vol2-iss4-pp390-387Abstract
This article provides an in-depth analysis of the institutional-fiscal transformation of Special Economic Zones (SEZs) and their strategic role in innovative development. Drawing on both global and national experience, it examines the theoretical foundations of SEZs, tax and customs preferences, cluster-based economic models, digital infrastructure, and the integration of green technologies. The study explores the genesis of SEZ development, their central role in economic liberalization policies, and their position within international integration processes. It highlights that beyond tax incentives, key determinants of SEZ effectiveness include transparent governance, institutional coherence, the formation of innovative production clusters, and the development of skilled human capital. Ultimately, SEZs are positioned not only as tools for attracting investment but also as drivers of technological independence, economic sovereignty, and enhanced global competitiveness.
Keywords:
special economic zones institutional-fiscal transformation cluster-based economy digital infrastructure green economy international integrationReferences
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