What is the primary distinction between a Special Administrative Region (SARs) and Special Economic Zones (SEZs)?

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Quizplus · Accepted Answer

The primary distinction between a Special Administrative Region (SAR) and a Special Economic Zone (SEZ) is that while both are governed by a distinct set of pro-business regulations, a SAR includes its own mini-constitution, which allows it to operate as a quasi-independent state within a state. SEZs, on the other hand, are typically areas within a country that are given more freedom in terms of economic policies and regulations to attract foreign investments and promote trade. SARs, such as Hong Kong and Macau in China, have a higher degree of autonomy and self-governance than SEZs and are often granted certain privileges, such as their own legal and financial systems.

What Is the Primary Distinction Between a Special Administrative Region