Towards A Hundred Hong Kongs

Sebastian Mallaby's article on economist Paul Romer and charter cities is worth a read:

When you listen carefully, you realize that much of what Romer issaying should not be controversial. A few development economists arguethat geography is destiny, but most share Romer's conviction thatdecent rules are paramount. After all, Asia accounted for fully 56percent of world income in 1820, only 16 percent in 1950, and asubstantial 39 percent in 2008; what changed over this period wasrules, not...