Special economic zones

[Shushue]

https://en.m.wikipedia.org/wiki/Special_economic_zone

China experimented with this idea during Deng Xiaoping’s days.

Certain geographic areas were given autonomy to pursue free trade and less regulation. They attracted foreign direct investment and prospered quickly. These areas in China succeeded while other areas where struggling. These were costal cities.

So coastal cities in Somalia should be exempted and be given autonomy, and be designated as free economic zones.

Boosaaso, Berbera and Kismayo are good candidates.

 

[Kaleel]

Somalia is one large free trade zone there's little to no regulated free market. So it's for security reasons people avoid it. There's no guarantee for your investment which is why it ranks 190 out of 190 in Ease of Doing Business.

A nation's ranking on the index is based on the average of 11 subindices:

• Starting a business – Procedures, time, cost and minimum capital to open a new business
• Dealing with construction permits – Procedures, time and cost to build a warehouse
• Getting electricity – procedures, time and cost required for a business to obtain a permanent electricity connection for a newly constructed warehouse
• Registering property – Procedures, time and cost to register commercial real estate
• Getting credit – Strength of legal rights index, depth of credit information index
• Protecting investors – Indices on the extent of disclosure, extent of director liability and ease of shareholder suits
• Paying taxes – Number of taxes paid, hours per year spent preparing tax returns and total tax payable as share of gross profit
• Trading across borders – Number of documents, cost and time necessary to export and import
• Enforcing contracts – Procedures, time and cost to enforce a debt contract
• Resolving insolvency – The time, cost and recovery rate (%) under bankruptcy proceeding

 

[Shushue]

Somalia is one large free trade zone there's little to no regulated free market. So it's for security reasons people avoid it. There's no guarantee for your investment which is why it ranks 190 out of 190 in Ease of Doing Business.

A nation's ranking on the index is based on the average of 11 subindices:

• Starting a business – Procedures, time, cost and minimum capital to open a new business
• Dealing with construction permits – Procedures, time and cost to build a warehouse
• Getting electricity – procedures, time and cost required for a business to obtain a permanent electricity connection for a newly constructed warehouse
• Registering property – Procedures, time and cost to register commercial real estate
• Getting credit – Strength of legal rights index, depth of credit information index
• Protecting investors – Indices on the extent of disclosure, extent of director liability and ease of shareholder suits
• Paying taxes – Number of taxes paid, hours per year spent preparing tax returns and total tax payable as share of gross profit
• Trading across borders – Number of documents, cost and time necessary to export and import
• Enforcing contracts – Procedures, time and cost to enforce a debt contract
• Resolving insolvency – The time, cost and recovery rate (%) under bankruptcy proceeding

Well I’m thinking of near complete autonomy, foreign business would be free to hire whomever they want. Ever heard of the City of London. Companies can vote and they’ve got their own police and law, this is why it’s able to prosper, it’s detached from the distant and slow bureaucracy.

Btw can people see what I write before I post a text?

And change my name to Shushue