Question : The Special Economic Zone (SEZ) concept was first introduced in
Option 1: China
Option 2: Japan
Option 3: India
Option 4: Pakistan
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Correct Answer: China
Solution : The correct option is China .
Special Economic Zones (SEZs) were first introduced in the late 1970s by China , notably in Shenzhen in 1980. They were part of China's economic reforms and opening-up policy under Deng Xiaoping. SEZs are designated areas within a country with special economic regulations and incentives to encourage economic activity, including tax breaks, reduced regulations and streamlined customs procedures.
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