Dec 8 2012: one essential requirement is - people who work in the CIC should be citizens of the country where it is located. Americans in this example . Goods including clothing will come from international markets be it Mexico,China,India or America.
Dec 2 2012: it is not simple. I suppose one needs to be an economist to under stand this.
it would be interesting how cost of living varies on huge ships? CIC is like a big ship moored in the county for long time.
Dec 2 2012: real estate / land/ property price is an issue. This is all artificial any way - like game of Monopoly. though i do not propose capping / contolling land price in any way - some mechanism is to be found to over come this.
Air is free (till now!).
a person employed in this CIC will have a better quality of life / higher standard of living than an unemployed person in nearby America
Dec 2 2012: most of supplies for building - iron, cement etc will come from international markets. initial cost will be by a development company set up for the purpose. Given scale of the project this company should have some collaboration / backing from government
Nov 11 2012: May be this special area would grow its own food later on.
For the first few years at least, grocery items and energy ( petrol / natural gas etc) would be bought in international market at prevailing prices. This would be same for any other county - USA /India / Mexico. The same applies to machinery - all in international market - probably some made in China. For example consumer durables cost the same or nearly same in most countries. This should not put the special city at any disadvantage compared to rest of USA.
As per services, most will be available with in the economic zone and will be paid for in rupees. These including health care, should be cheaper in the special city as by their nature the service industry is labour intensive.As the cost of living of these service providers will be cheaper , in turn their services will be less costly than mainland USA. Does it make sense?
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A reply on Conversation: Idea: "Country-in-a-country" special economic zone
A reply on Conversation: Idea: "Country-in-a-country" special economic zone
it would be interesting how cost of living varies on huge ships? CIC is like a big ship moored in the county for long time.
A reply on Conversation: Idea: "Country-in-a-country" special economic zone
Air is free (till now!).
a person employed in this CIC will have a better quality of life / higher standard of living than an unemployed person in nearby America
A reply on Conversation: Idea: "Country-in-a-country" special economic zone
Makes it more workable.
A reply on Conversation: Idea: "Country-in-a-country" special economic zone
A reply on Conversation: Idea: "Country-in-a-country" special economic zone
A reply on Conversation: Idea: "Country-in-a-country" special economic zone
A reply on Conversation: Idea: "Country-in-a-country" special economic zone
A reply on Conversation: Idea: "Country-in-a-country" special economic zone
For the first few years at least, grocery items and energy ( petrol / natural gas etc) would be bought in international market at prevailing prices. This would be same for any other county - USA /India / Mexico. The same applies to machinery - all in international market - probably some made in China. For example consumer durables cost the same or nearly same in most countries. This should not put the special city at any disadvantage compared to rest of USA.
As per services, most will be available with in the economic zone and will be paid for in rupees. These including health care, should be cheaper in the special city as by their nature the service industry is labour intensive.As the cost of living of these service providers will be cheaper , in turn their services will be less costly than mainland USA. Does it make sense?