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Quest for a charter city as solution to poverty brings economist Romer to Honduras

Thursday, February 3, 2011


For the past couple of years, economist Paul Romer has been hopscotching the globe looking for a country desperate enough to try his audacious notion: Start a new "charter city," an enclave free of old laws and practices.

He thinks he's found the perfect place to build a city that could be as prosperous as Hong Kong or China's Shenzhen: Honduras.

A bold, new economic solution to poverty -- creating a charter city from scratch -- could be on the cards.

Original source: Wall Street Journal