• Since 1970, when it established an export-processing zone, its foreign sales of textiles and sugar have boomed and its per capita income is now the second highest in Africa.

    ECONOMIST: Trading places

  • Another problem for Mr Estrada is Subic Bay, a former United States naval base that has been transformed, since the Americans left it in 1992, into the country's flagship export-processing zone.

    ECONOMIST: The Philippines

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