Ideas to Action:

Independent research for global prosperity

Views from the Center

CGD experts offer ideas and analysis to improve international development policy. Also check out our Global Health blog and US Development Policy blog.

 

Three Questions about Honduras's New Charter City

This is a joint post with Milan Vaishnav.

One of the biggest experiments in development economics is about to begin on Honduras's Northern Coast. Honduras has altered its constitution to open the way to ceding a large tract of land to build a new "Special Economic Zone", modeled on NYU economist Paul Romer's idea of charter cities -- new cities, built up from scratch, where first-world institutions and third-world immigrants can meet and do business.

Oops: Economists in Confused Search for the Middle Class in the Developing World

This is a joint post with Christian Meyer.

With rapid growth in emerging market economies in the last decade, millions of people have entered the new global middle class. That has created new consumer markets in Latin America, Africa, and Asia – a good example: Dunkin’ Donuts going to India – and sparked considerable interest in the global financial and corporate communities.