Classification of Risks Associated With Operation of Special Economic Zones

Risk is an intrinsic element in the operation of special economic zones. The level of risk depends on a large number of factors and actions that are hard to foresee in their entirety. Effective risk management is largely determined by the accuracy of risk classification that makes it possible to identify the risks correctly and to make arrangements for risk control efforts. The article presents a classification of risks associated with the operation of special economic zones according to a range of criteria. The authors have developed a classification of risks that occur during the operation of special economic zones and affect the state and zone tenants. The authors substantiate and describe each type of risk: legislative, economic, organizational, political, infrastructure, social, innovation and environmental.