The Comparison of Business Environment in Development Zones: A Study of the China-Laos Economic Corridor

Abstract

Economic corridor is an innovative international cooperative framework which has more solid partnership than traditional international relationship. Endowed with special legislative supports from governments, development zones present some certain economic functions in an area and even a country. International cooperative projects usually start from development zones. An evaluation on business environment of development zones become remarkable and significant, and even could be an investment guidance for investors on along countries of economic corridor. This article investigated SIP, as a development zone in the first place in China, and Saysettha, a co-constructed development zone in Laos, and compared the business environment with the World Bank’s doing business index system. The result of comparison and analysis might be helpful for both countries to strengthen cooperation through economic corridor framework, and be exemplary for development zones to improve their business environment.