FAQ

Abstract

Charter cities are new cities with new rules that can help countries in the Global South overcome political and technical obstacles to improving governance and fostering growth. They are distinct from other special jurisdictions like special economic zones or free ports because they possess the authority to craft and implement reforms across the administrative and regulatory domain, cover a large geographic area to allow for urban expansion, and are intended to generate a wide variety of economic activities. The Charter Cities Institute recommends that charter cities be organized as a public-private partnership between a private city developer and the host country government. Charter city development can largely be financed with private capital, limiting the need to expend scarce public resources. Important metrics for assessing the success of a charter city include the city’s population, income, investment, land values, and the implementation of reforms in the host country or nearby countries. – AI-generated abstract