Malaysia’s Proactive Economic Zone Regime As A Model To Emulate For Success Of Bangladesh Economic Zone Scheme
ABSTRACT
Economic zone or export processing zone in a country is a purpose-built industrial park with
infrastructure designed to suit the needs of foreign as well as local investors. In order to tempt
foreign investors into the zones the host developing countries offer a variety of incentives. By
encouraging and motivating the multinational companies to settle their Greenfield
investments in developing countries, the economic zone scheme acts as a tool
for empowering the local economy to gain multiple capabilities and go global increasingly to
facilitate income convergence between the industrialized and the developing countries
through equitable sharing of the gains from trade. Nonetheless, it is not a magic wand. Its
experiences in Malaysia and Bangladesh clearly show that it can create wonder only when it
is appropriately designed and managed. It is suggested that Bangladesh borrows a leaf from
the rich experiences of Malaysia‟s economic zone model, to restructure and revitalize her
economic zone scheme for greater success
