BRICS Special Economic Zones: A Comparative Analysis of Governance Models and Investment Climate

Askar Mustafin (), Maksim Trukhin, Sergei Mokichev and Galina Tuguskina
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Askar Mustafin: Kazan Federal University
Maksim Trukhin: Kazan Federal University
Sergei Mokichev: Kazan Federal University
Galina Tuguskina: Penza State University

Chapter Chapter 5 in International Trade and Economic Development in BRICS, 2026, pp 95-121 from Springer

Abstract: Abstract This study examines the legal and economic barriers to synchronizing the regimes of Special Economic Zones (SEZs) in BRICS countries and proposes mechanisms for their harmonization to strengthen trade and investment cooperation. A comparative analysis of SEZ models (China’s “special zones”, Russia’s Priority Development Areas (PDAs), and India’s SEZs) reveals key differences in tax, customs, and environmental requirements. Using econometric modeling (2015–2024) and SWOT analysis, the study demonstrates that unifying 30% of SEZ parameters could increase intra-BRICS investment flows by 15%–20% by 2030. The practical contribution lies in the proposed model of “SEZ hubs”—clusters connecting zones from different countries around strategic industries (digital technologies, pharmaceuticals). The findings can inform the optimization of BRICS agreements and help reduce transaction costs for firms.

Keywords: BRICS countries; Comparative analysis; Econometric modeling; Institutions; International integration; Regime synchronization; SEZ hubs; Special Economic Zones; Standards harmonization; Trade and investment cooperation; Transaction costs (search for similar items in EconPapers)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-981-95-8801-5_5

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DOI: 10.1007/978-981-95-8801-5_5

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