Establishing offshore zones
- Declaring exclusive coastal waters
Description
Establishing offshore zones involves designating specific geographic areas, typically outside a country’s territorial boundaries, to offer regulatory, tax, or financial advantages. The core intent is to attract foreign investment, facilitate international trade, and stimulate economic growth by providing favorable conditions for businesses. This strategy remedies issues such as capital flight, limited domestic investment, and economic stagnation, while enabling governments to diversify their economies and create employment opportunities through targeted incentives and streamlined administrative processes.
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Facilitated by
Problem
Value
SDG
Metadata
Database
Global strategies
Type
(D) Detailed strategies
Subject
- Geology » Land and coastal forms
- Geography » Conservation zones » Conservation zones
- Societal problems » Deprivation
Content quality
Yet to rate
Language
English
1A4N
J1787
DOCID
12017870
D7NID
194883
Editing link
Official link
Last update
Dec 3, 2024