TED Talk: Paul Romer's Radical Idea: Charter Cities

Why does one country experience economic success while another country from the same region lags behind? In this TED Talk, CGD nonresident fellow Paul Romer argued that the successful country made a set of decisions that lead to their prosperity. The challenge arises when trying to test which decisions promote development and which decisions hinder it. Romer proposes what he calls “charter cities,” geographical zones governed by a coalition of nations collaborating to create prosperous cities.