{"id":4401,"date":"2020-10-13T17:56:44","date_gmt":"2020-10-13T23:56:44","guid":{"rendered":"https:\/\/trends.ufm.edu\/en\/?post_type=newsletter&#038;p=4401"},"modified":"2020-11-13T17:51:43","modified_gmt":"2020-11-13T23:51:43","slug":"honduras-zede-2020","status":"publish","type":"newsletter","link":"https:\/\/trends.ufm.edu\/en\/report\/honduras-zede-2020\/","title":{"rendered":"A Follow-Up on the Economic Impact of Special Economic Zones in Honduras: Can Honduran ZEDEs and \u201cGrowth Hubs\u201d Leapfrog Institutional &#038; Economic Development?"},"content":{"rendered":"<h3>Contents<\/h3>\n<ul>\n<li>Progress Since Our Last Study<\/li>\n<li>The ZEDE In Its Current Shape: Comparisons to China &amp; Dubai<\/li>\n<li>The Economic Potential of the Honduran ZEDEs<\/li>\n<li>Will the ZEDEs Shape the Future of Honduras?<\/li>\n<li>What Could Go Wrong? Risks to Be Considered<\/li>\n<\/ul>\n<h3>Author<\/h3>\n<ul>\n<li><strong>Daniel Fern\u00e1ndez<\/strong><br \/>Daniel Fern\u00e1ndez is the founder of UFM Market Trends and professor of economics at the Francisco Marroqu\u00edn University. He is a PhD candidate in Applied Economics at the Rey Juan Carlos University in Madrid and was also a fellow at the Mises Institute. He holds a master in Austrian Economics the Rey Juan Carlos University and a master in Applied Economics from the University of Alcal\u00e1 in Madrid.<\/li>\n<li><b>Olav Dirkmaat<br \/><\/b>Olav Dirkmaat is professor\u00a0in economics at the Business School of Universidad Francisco Marroqu\u00edn. Before, he was VP at <a href=\"https:\/\/www.nxchange.com\" target=\"_blank\" rel=\"noopener noreferrer\">Nxchange<\/a> and precious metals analyst at <a href=\"https:\/\/www.goldrepublic.nl\" target=\"_blank\" rel=\"noopener noreferrer\">GoldRepublic<\/a>. He has a PhD in Economics from the King Juan Carlos University in Madrid. He has a master in Austrian Economics from the same university, as well as a master in Marketing Strategy from the VU University in Amsterdam. He is also the translator of Human Action of Ludwig von Mises into Dutch. He has a passion for investing, and manages funds for relatives, looking for investment opportunities in markets that are extremely over- or undervalued.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Last year, we published a study on the economic impact of so-called Zones for Economic Development (ZEDEs) in Honduras, a special type of special economic zone (SEZ). In our 2019 study, we discuss the success and failure of SEZs in China, Dubai, and India in the past. Then we projected potential Honduran GDP per capita with and without ZEDE. A Honduras with a successful ZEDE showed, for the region, tremendous potential.<\/p>\n<p>However, the current prospect is that the ZEDE will also expand to new territories in a geographical sense, which goes far beyond the notion of a part of the Honduran workforce moving into ZEDE territory. In effect, as we will explain in this brief paper, the ZEDE allows for rapid growth by establishing multiple hubs (which would operate under the same ZEDE management but are allowed to compete against each other in terms of regulations and infrastructure), which can easily adopt the legal, regulatory and fiscal framework of the overarching ZEDE, Honduras Pr\u00f3spera. A proliferation of so-called \u201cgrowth hubs\u201d might occur.<\/p>\n","protected":false},"author":104,"featured_media":4430,"menu_order":0,"template":"","meta":{"anio":"2020","mes":"Updated December 2020","id_estadisticas":"stat-honduras-zede-2020","newsletter_link":"https:\/\/trends.ufm.edu\/en\/wp-content\/uploads\/2020\/11\/honduras-zede-2020-ufm-market-trends.pdf","portada_informe":"https:\/\/trends.ufm.edu\/en\/wp-content\/uploads\/2020\/11\/hon-zede-2020.png","subtitulo":"Honduras 2020 Special Report","footnotes":""},"tags":[242,226],"class_list":["post-4401","newsletter","type-newsletter","status-publish","has-post-thumbnail","hentry","tag-242","tag-honduras"],"_links":{"self":[{"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/newsletter\/4401","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/newsletter"}],"about":[{"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/types\/newsletter"}],"author":[{"embeddable":true,"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/users\/104"}],"version-history":[{"count":5,"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/newsletter\/4401\/revisions"}],"predecessor-version":[{"id":4412,"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/newsletter\/4401\/revisions\/4412"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/media\/4430"}],"wp:attachment":[{"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/media?parent=4401"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/tags?post=4401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}