A Comparative Analysis of Effective Free Trade Zone Policies in Ghana: A Model from Shanghai Free Trade Zone

Abstract

The importance of export promotion contribution to the growth of a country's economy cannot be underrated. It is well-established that, encouraging volumes of exports and/or value of exports results in the increase in the export of a country leading to an increase in earnings of foreign exchange and further results in economic boost of a country. A comparative analysis of effective Free Trade Zone Policies in Ghana using China (Shanghai) Pilot Free Trade Zone ("SHFTZ") as a model has been done. Desktop research was used to analyze the data. It was found that there has been year on year increase in the number of companies registering with the Ghana free zones. On the average, there have been about 15% contribution to the gross export of Ghana. The China (Shanghai) Pilot Free Trade Zone ("SHFTZ") contributed 5.68%, 13.2%, 15.2% and 22.9% from the first quarter after the inception of the FTZ, at the end of 2014, 2015 and 2016 respectively to the GDP of Shanghai.

Application of Mathematical Model Using Random Forest in Performance Appraisal Management of Cadres in Free Trade Zone

“…In equation (5), θ represents the missing data, θ(t) indicates the maximum point under t-times iteration, Q denotes the joint log-likelihood expectation, and E stands for When the test results conform to the normal distribution, the EM algorithm can be used to supplement the missing data. Firstly, the EM algorithm is used to estimate the parameters of missing data, then the mode is used to supplement the discrete data and retrograde data, while the E value and M value determined in the EM algorithm are used to supplement the continuous data, and thus the supplementary data are classified [28]. e open-source software R language with random Forest package is adopted to implement the RF model for the performance appraisal of cadres in the free trade zone.…”

Evaluation of Land Intensive Use in Shanghai Pilot Free Trade Zone

“…FTZ is an important system innovation space to realize economic agglomeration advantage with high level opening. Previous studies on FTZ mainly focused on the institutional and policy innovation, financial internationalization, investment facilitation, trade liberalization, industrial transformation and business environment optimization, although insufficient attention was paid to the land intensive use of FTZ [1][2][3][4][5][52][53][54][55][56]. This paper quantitatively evaluates and analyses the intensive use of land in the SPFTZ, aiming to provide references for its industrial transformation and urban renewal.…”

“…It also represents a realistic need for exploring China's new path of opening up to the outside; fostering new industries, ways of doing business and new modes; building a new platform of cooperation and development with other countries; broadening the space of economic growth. In addition, it also contributes to improving the quality of regional economic development and the level of intensive utilization of land [1][2][3][4][5]. Therefore, it is of great practical significance to carry out an evaluation of the intensive use of land in the SPFTZ.…”

Tanger MED SEZs: A Logistic and Industrial Hub in the Western Mediterranean

“…SEZs have been a vastly covered topic in academic literature; both from an economic point of view [ 1 – 6 ] than one of organization of territory [ 3 , 7 – 9 ]. The historical evolution of SEZs has been accompanied by several changes [ 10 – 12 ] resulting in a wide variety of tools; these differ on a technical - operational level, and the purpose they are intended for [ 12 ].…”