Penang's Industrial Parks Surge in Global Prominence

By Negin Vaghefi

March 2020 COVER STORY
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WITH THE TWIN blessings of geography and demography, Penang has been able to enjoy a deeply-etched history as a trading hub; first as a free port and then a Free Trade Zone (FTZ) industrial park – the first of which was created in Bayan Lepas in the early 1970s1 by the Penang Development Corporation (PDC). Creating the FTZ proved an effective strategy in attracting foreign direct investment (FDI) for export-oriented industrialisation – it generated employment opportunities, foreign exchange earnings and...

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Negin Vaghefi

is a senior analyst at Penang Institute. She holds a Ph.D. in Environmental Economics. Her research interests include agri-environmental economics, climate change, green economics, poverty and income inequality, and policy analysis.

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