Technologies, Rules, and Progress: The Case for Charter Cities

Paul Romer

Working Papers from eSocialSciences

Abstract: The principal constraint to raising living standards in this century will come neither from scarce resources nor limited technologies. Rather it will come from our limited capacity to discover and implement new rules—new ideas about how to structure interactions among people, such as land titles, patents, and social norms. The central task of reducing global poverty is to find ways for developing countries to adopt new rules that are known to work better than the ones they have. [CGD Essay].

Keywords: technologoes; social norms; global poverty; Hong Kong; Mexico City; economies; living standards; scarce resources; patents; developing countries (search for similar items in EconPapers)
Date: 2010-04
New Economics Papers: this item is included in nep-dev
Note: Institutional Papers
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Citations: View citations in EconPapers (19)

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