What should be in a Special Economic Zone?
China used Special Economic Zones successfully. China is helping to set up many Special Economic Zones in the One Belt One Road Nations. What should be in a Special Economic Zone?
1. Model Infrastructures such as electricity, water, sewage, garbage disposal, roads, railways, schools, malls, residential areas, recreational facilities, hospitals, retirement centers etc. In other words, there must be excellent city planning right from the beginning. The plans should cater for the local climate, culture and needs of Citizens, Foreign Workers and Tourists. 2. Special Policies that may be different from other parts of the Nation. The most obvious is the tax structure. Governments plan to generate wealth via increased Meaningful Economic Activities and not tax revenues. 3. Possible “International Zones” within the Special Economic Zones. These “International Zones” include restaurants, retail stores, exhibition halls, entertainment areas and business activity centers. Special events such as celebrations on the National Days can be scheduled. 4. Internet demonstration Centers that can monitor the businesses in the Special Economic Zones. For example, the computer systems of a fast food restaurant can already monitor the on-line business transactions. The same technology can be modified to retail stores, factories, amusement parks and hotels etc. 5. E-commerce Centers. There is no need for actual floor space for many businesses. Many small and medium size businesses can be on-line. Efficient International payment systems should be developed. (China can help to set up RMB as the default settlement and reserve currency in such Special Economic Zones.)
6. Mutual Credits. China will accept much of the payment of Infrastructures with the currency of the OBOR Nations. These Nations will not have much debt. China can use their currency to build Modern Wealth for them. 7. One of the key demonstrations is sure-win businesses. When China holds a large quantity of Currency B, China can use that Currency B to generate sure-win businesses. For example, China can set up an eatery with much of the overhead paid to the locals in Currency B. The eatery will have many International Food Stalls managed by the many OBOR Nations. These Stalls will focus on specialty food. 8. Students in Hotel Management or Food Catering may be paid and work in such eatery for specified times. Much effort will be paid to foster friendship and mutual respect. The model can be expanded to other establishments including retail, factory, design, think tanks etc. 9. The experience gained in the Special Economic Zones will be appropriately promoted. When ready, the OROB conferences may be held at such Special Economic Zones. Local Universities should have a department in the Special Economic Zones to give it an academic element.
10. One of the elements to consider is the speculative element. When one Special Economic Zones is successful, many investors will pour money into that and other Special Economic Zones. For example, the Special Economic Zone of Shenzhen is spectacularly successful. Much speculative money poured in. The planners of the Special Economic Zones should make consideration for such Investors. They will give most projects additional momentum. (Watch the bubbles.) 11. Success stories of how different Individuals make their fortune. Almost all the Chinese Entrepreneurs made their fortune within the last 30 years. Many new entrepreneurs will make their fortune in the Special Economic Zones in the coming decades. Translate such stories into many different languages and use actors of many races. One motivating story is Former US president Obama – a black person can become the president of USA. 12. Tie scientific and technological successes with motivating stories. Tell the story of building the Three Gorges Dam. Create a love story to arouse the emotions. Promote the new Globalisation Spirit subtly – win-win, plan, work and enjoy the fruits together. Promote racial harmony as much as possible.
13. Use the Think Tanks well. These Think Tanks can solve current problems. For example, USA sees North Korea developing Nuclear Missile Capabilities as a problem. North Korea sees such capabilities as long term security for the Nation. Rather than waiting for the outcome, Think Tanks can propose their solution in movies and stories. Another current event is the India-China Border Dispute. This event has the funny side of soldiers pushing each other rather than shooting. The solution stories should be educational and point to win-win. 14. There should also be stories of mixed marriages, traditional customs and modern concept conflicts, religious harmonies and international joint ventures. Promote the concept that technology can be learned, mastered and improved. Technology and innovation do not depend on IQ. Machines now have higher IQ than humans. 15. Tourism and short-term work tours should be strongly encouraged. Prepare the participants well. Make sure the experiences are enjoyable and memorable. Create opportunities for retired people to contribute – not via competition but via experience and kindness. 16. Financial stories should be played out. Take the example of printing thin-air money. The stories can cover the whole range of refusing to print, over-printing and printing appropriately. The stories can also cover Currency Swaps, Mutual Credits and cashless societies. 17. Financial stories of the Asian Financial Crisis in 1997, collapse of USSR in 1991, subtle attack on the RMB causing the loss of one trillion USD will also be educational. Tell the story from both sides – the victors and the victims. In addition, the Rise of Vietnam, Singapore, Thailand and many other Countries may be motivating stories. There will be no shortage of topics. 18. Many of the innovative solutions can be tried in the Special Economic Zones. It does not matter if some projects fail. Example of innovative solutions may include traffic jam free cities, cashless society, energy saving technologies, relationship selling, new biological and agricultural technologies.
19. The management of the Special Economic Zones must have the Super Silicon Valley Mentality. Everything is only third class. It is our duty to improve them to second or first class. Everything covers infrastructures, law and order, social services, care for each other and Globalization attitude. The constant strive for excellence will make the Special Economic Zones shine as example for the World. 20. The Think Tanks must try to provide constant monitoring, think out-of-the-box, debate with one another, examine and redefine what are the Meaningful Economic Activities? They should use structured internet forums to provide logical and improving suggestions. 21. The projects should be divided into long-term, non-profit making funded by Government Thin-Money and short-term, profit making projects funded by the Private Sector. Make sure the projects are thought out carefully and managed vigorously. Have special Five Year Plans for the Special Economic Zones.
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