SEZs are loopholes, and capitalism breathes through loopholes. But like all loopholes, they tend to benefit those who can afford to hire the lawyers who can identify said loopholes.
Thibault Serlet
Thibault Serlet is the Director of Research at the Adrianople Group, a business intelligence firm that focuses on Special Economic Zones and master planned cities. He is also the architect of Open Zone Map, the world’s largest SEZ dataset. He advises for Pronomos, a VC fund that invests in new city projects and co-founded the Startup Societies Network, a charter cities think tank. He frequently writes about SEZs, economic history, and the open data movement.
Latest work
With the Russian invasion of Ukraine in full force, it seems that while the Ukranians are putting up a fight, longer-term resistance is futile. Russia has already recognized the independence of the...
In response to the argument in favor of closing loopholes, Ludwig von Mises once noted that “capitalism breathes through those loopholes.” In many ways, special economic zones (SEZs) are the ultimate...
