The Johor-Singapore Special Economic Zone (SEZ) is under scrutiny as experts discuss its potential for success amidst narrow paths and historical political obstacles. With the Johor Sultan currently serving as the Agong, the region is making strides in economic development. However, the challenges remain significant as most special economic zones globally fail to meet their initial mandates. The conversation surrounding these issues is explored in the latest episode of Deep Dive, a podcast that dropped this Friday.
Thilan Wickramasinghe, head of research in Singapore and regional head of financials at Maybank Investment Banking Group, highlights that the path to success for SEZs is extremely narrow. According to him, most countries fail to get one or two critical components right, leading to less than satisfactory outcomes. This sentiment is echoed by Serina Rahman, a lecturer at the Department of Southeast Asian Studies at the National University of Singapore, who emphasizes the historical political challenges that have previously hindered progress.
With 140 countries worldwide operating special economic zones, the Johor-Singapore SEZ faces stiff competition. Despite these challenges, Johor is making notable progress in its economic development efforts. Nevertheless, the question remains whether this SEZ can overcome the typical pitfalls that have plagued many others and achieve its goals.
Deep Dive's latest episode delves into the business case for special economic zones, offering listeners valuable insights from experts in the field. The podcast is available on Apple and Spotify, and more episodes can be accessed on the CNA website. In an effort to enhance the listening experience, CNA podcasts are now accessible through a new browser, ensuring smoother navigation for users.
Listeners can engage further with the content by reaching out to the team via email at cnapodcasts@mediacorp.com.sg.
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