COVID- 19 PANDEMIC IMPACT ON FREE ZONES
DOI:
https://doi.org/10.17770/jresd2020vol1.12.5395Keywords:
free zones, special economic zones, COVID-19 pandemic, economic growthAbstract
COVID-19 pandemic has an impact on global economic activity, but the negative effects vary from country to country. The key factors determining the depth of the impact are the economic situation at the beginning of 2020, the features of the economic structure and the fiscal capacity of governments to help citizens, businesses and the economy as a whole. Free zones and special economic zones are historically perceived as places that, to some extent, protect investors from unpredictability and act as places where the weak business environment is mitigated. The article investigates the impact of pandemic COVID - 19 on the world's economic situation and free zones, as well as free zones forecasts on the economic recovery. The objective of the article – to analyse the impact of pandemic COVID-19 on the world free zones performance and global economic situation. Within the framework of the study has been characterised the impact of pandemic COVID - 19 on the world's economic situation, described the extent and nature of the COVID- 19 pandemic impacts on performance in the Free Zones, as well as has been described the impact of pandemic COVID 19 on the operation of free-zone enterprises in Latvia by analysing the example of Rezekne's special economic zone.
The descriptive methods, document analysis, comparative analysis was used in the study, survey.
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