Name: The world's first charter city?
Uploaded: 2011-06-09T15:14:00Z
Duration: 8 min 56 s
Description: Back in 2009, Paul Romer unveiled the idea for a "charter city" -- a new kind of city with rules that favor democracy and trade. This year, at TED2011, he tells the story of how such a city might just happen in Honduras ... with a little help from his TEDTalk.

Back in 2009, Paul Romer unveiled the idea for a "charter city" -- a new kind of city with rules that favor democracy and trade. This year, at TED2011, he tells the story of how such a city might just happen in Honduras ... with a little help from his TEDTalk.

Paul Romer: The world's first charter city?

The world's first charter city?

Chief Economist and Senior Vice President, World Bank

In a world where billions lack a city to call home, creating charter cities could offer new havens of opportunity and growth.

Honduras's initiative to amend its constitution, enabling special development regions, exemplifies innovation in urban planning.

With 700 million people desiring relocation, charter cities present a revolutionary urban development model for the future.