Friday, June 11, 2010
Paul Romer wants to set up charter cities in developing nations to accelerate growth. But it's hard: people don't like ceding their land to foreigners, and colonies can be a big pain in the ass for the foreigners to govern. And folks are rightly suspicious of anything that could lead to exploitative colonialism. But wouldn't lots of countries benefit from having a Hong Kong? Would China be the rising economic powerhouse it is today without it?