Editing Special economic zone (section)

=== Ireland – North-Europe developed country  ===

[[Ireland]] is often cited as a success story in the use of Special Economic Zones (SEZs) to attract foreign investment and stimulate economic growth, with the [[Shannon Free Zone]] as a notable example. Established in 1959, this zone is recognized as the first modern industrial free zone, designed to attract international capital into manufacturing and services, addressing the structural changes in air transport at the time. The Shannon Free Zone offered attractive tax conditions, including an exemption from taxes on export profits for 25 years and a highly competitive corporate tax rate. This strategy aimed to reduce [[bureaucracy]] and create a business-friendly environment, thus facilitating the establishment of foreign businesses in Europe.

The development of the zone was accompanied by modern infrastructure and integrated services, which allowed for improved operational efficiency for businesses. Industrial relations, characterized by an informal and cooperative approach, further strengthened this favorable environment. By 1968, the Shannon Free Zone employed nearly 4,000 people and played a key role in Ireland's exports, becoming a driver of economic growth. The Shannon Development agency continuously adjusted its strategy to ensure the competitiveness and sustainability of the zone, demonstrating its commitment to adapting to the needs of investors.

The Irish government also played a crucial role in the success of these zones, particularly through the [[IDA Ireland|Industrial Development Authority]] (IDA), which worked to position Ireland as an attractive destination for foreign investment. The Irish experience shows how targeted tax incentives, robust infrastructure, and a business-friendly environment can transform a country into a leading player in attracting foreign direct investment.<ref name="academia.edu"/>