Wednesday, June 27, 2012

Charter cities

"Huge numbers of people are already moving to the world’s cities, too many of which are set up to create unstable poverty. Wealthy countries spend billions per year on projects designed to reform governments, build modern utilities or teach their workers new agricultural techniques. For all the cash, there has been very little success. Sponsoring a charter city, [Paul] Romer said, may be a better (and cheaper) way to help." Who Wants to Buy Honduras?, The New York Times Magazine, May 13, 2012