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- Publisher
- Springer International Publishing
- Copyright
- © The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2021
- ISBN
- 978-3-030-71273-0
- Pages
- 1 –22
- DOI
- 10.1007/978-3-030-71274-7_1
- Publisher site
- See Chapter on Publisher Site
Abstract
[Free zones in Gulf Arab states play a crucial role in domestic development initiatives, regional integration, global trade and investment flows, and even the Gulf’s foreign relations. Yet free zone development is an under-examined topic in the wider literature on the Gulf. Free zones reflect the past because they are products of long-run historical processes shaped by both economic and political institutions. At the same time, free zones offer a glimpse into the future, insomuch as these commercial entities facilitate the accumulation of global capital. Commercialized rents—or rents from free zones—provide a theoretical bridge for understanding how persistent rentier structures have evolved alongside ongoing economic diversification efforts and economic reform agendas across the region. Gulf officials remain hopeful that free zones will likewise function as practical bridges to more sustainable economic futures.]
Published: Apr 14, 2021