Thursday, December 30, 2010

Concept of Charter Cities - as per Paul Romer

Paul Romer, the renowned growth economist, believes that the world can create dozens, perhaps hundreds, of new high-density "charter cities" to encourage faster growth that is greener too. Each charter city could be a place where millions of poor families could become residents, live, and work under better rules and lift themselves out of poverty. Inspired in part by Hong Kong and China's special economic zones, such cities would give millions of desperately poor people their first formal-sector jobs, in many cases starting out in labor-intensive manufacturing (e.g. assembling garments or electronic devices) and services (e.g. call centers, outsourced business processing, or software quality assurance.)
  
Note that "charter cities" to a large extent can be read as "Special Economic Zone" in India and China context.

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