Special Economic Zone Constitution According to Cluster Analysis

Globalisation trend has been clearly rising in the last decades of the twentieth century. Besides this, the huge reforms occurred in the many economies all over the world. The special economic zone idea introduces a concept for new thinking about the economic policy. This phenomenon has caused a lot of debates not only among economists, because of its broad influence. This paper offers a legislative view on constitution process of creation a special economic zone within the areas of the European Union and the European Free Trade Association. The applied methodology consists of a cluster analysis with the inputs in the form of the macroeconomic indicators and its interpretation in the present situation. The results show the divisions of the observed countries. Finally, there are the suggestions related to the constitution of a special economic zone in the explored area.