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[Music] a charter city is a new city with new rules with most governing and policy making responsibilities devolved to the city level charter cities can jumpstart economic growth and spur institutional reform [Music] charter cities allow for rapid improvements in governance to attract investment foster entrepreneurship create jobs and manage rapid organization [Music] the global south is urbanizing rapidly cities in africa and asia will add over 2 billion new residents by 2050 without the infrastructure or jobs to support these residents [Music] new urban spaces are needed [Music] cities like shenzhen singapore hong kong and dubai each feature charter city-like elements and were transformed from poor to wealthy within two to three generations there are also thousands of special economic zones and other unique jurisdictions worldwide that offer lessons for charter cities honduras has charter cities legislation and at least three sizable projects are in development there are dozens of n
