Study of the dynamics and impact of Special Economic Zones in Lithuania: a comprehensive analysis

Abstract

Special economic zones (SEZs) have become important mechanisms for stimulating economic development, attracting foreign investment and accelerating industrial growth around the world. Lithuania, located in the Baltic region, strategically uses SEZs to stimulate economic progress and strengthen its positions in the world market. In this paperwork, the analysis of special economic zones of Lithuania will be provided, especially, the aim of creation, evolutionary development and phases, juridical and economic regulation from the government. The deep analysis of SEZ in terms of problems, strengths and weaknesses showed a pathway for adaptation of sustainable development that contributed by deep discussions.