Governments in the Greater Mekong Subregion (GMS) are interested in building special economic zones (SEZs) as an impetus to stimulate economic activity along GMS economic corridors and especially in the border areas.
The aim of this paper is to analyze factors behind the success or failure of SEZs within GMS corridors, as well as to provide indications of the potential role of SEZs in future GMS economic corridor development.
The study was prepared by the Asian Development Bank in collaboration with the ANZ Group. Analysis is based on a firm-level survey in the Mae-Sot SEZ in Thailand and interviews with ANZ clients operating in SEZs throughout the subregion. The report offers policy recommendations.