The paper "Impact of Free Zone on Economic Development - Starbucks Corporation" is an outstanding example of a business research proposal. Free zones have played a great role in the development of the economic, social and political relations among nations across the world. With the creation of the first modern free zone in the Shannon free zone in Ireland, other free zones have emerged in the current world especially in the USA, Japan and Germany (UNCTAD, 2005). Free zones have evolved in the world with various aims based on their countries of location. After what was termed as a global economic crisis, most countries have aimed at creating ways to minimize crises in the future.
This led to some countries creating free zones. The free zone comprises of the free trade zones and free economic zones (UNCTAD, 2005). They are regions in which companies are given incentives in order to enhance growth. Over the last thirty years, free zones have developed in various countries in the world, especially in the USA. Various multi-national companies attribute their growth to the existence of the free zones (Zeile, & , William, 2009).
One of the companies that have largely benefited from the free zones is said to be Starbucks. Starbucks is a multinational company with its headquarters in Washington, USA. It deals in coffee beverages, beers and wines (Simon & , Bryant, 2014). It was founded in 1971 as a coffee retailer and a coffee bean roaster. Up to today, Starbucks has opened various branches in various countries. Today Starbucks operates in over fifty countries in Africa, North America, Oceania, South America, Asia and Europe (Simon & , Bryant, 2014) 1.1 Objectives of the Study The aim of this project is to assess the impact of free zones on the development of a company. The project is based on the following specific objectives; To determine whether free zone contributes to the development of a business or company To determine whether free zone creates business opportunities To determine whether free zones exposes companies to risks To determine whether free zone contributes to economic growth and development To determine whether free zone promotes trade To determine whether the free zone contributes to employment.
Simon &, Bryant (2014): Everything but the Coffee: Learning about America from Starbucks,
United Nations Conference on Trade and Development (UNCTAD) (2005): World Investment Report: Transnational Corporations and the Internalization of Research and Development, 2005
Vendrell J. (1998): Second Latin American Free Zones Conference. Santa Fe de
Bogotá – Colombia, May 1998
Zeile N. &, William J. (2009) Foreign Direct Investment in the United States