A charter city is a type of city in which a guarantor from a developed country would create a city within a developing host country. The guarantor would administer the region, with the power to create their own laws, judiciary, and immigration policy outside of the control of the host country.[1]
Charter cities were proposed by economist Paul Romer, in a 2009 TED talk.[2]
According to Romer, international charter cities would be a benefit to citizens by giving them an additional option about what system of economic policies they want to live under. In his vision, charter cities would adopt more pro-business policies than the host country, including lower taxes, fewer regulations, and protection of property rights, which would encourage international investment. Romer gives Hong Kong as an example, which he argues encouraged economic growth.[3][4]
- ^ Cite error: The named reference
yahoowas invoked but never defined (see the help page). - ^ "Paul Romer about Charter Cities". Archived from the original on 2014-02-22. Retrieved 2021-01-12.
- ^ Sebastian Mallaby (July–August 2010). "The Politically Incorrect Guide to Ending Poverty". The Atlantic.
- ^ Concept Archived May 11, 2011, at the Wayback Machine from chartercities.org