# Prof. Paul Romer's charter cities concept is cited as a solution for Asia

1 January 5, 2012 Forbes ![Forbes logo](/sites/default/files/styles/246w/public/assets/images/con_030508.jpg?itok=SId6k3bx)>

Excerpt from [Forbes](http://www.forbes.com/global/2012/0116/sidelines-india-hong-kong-lost-found-tim-ferguson.html) -- "So much of Asia still could use the kind of remedy U.S. economist [Paul Romer](http://w4.stern.nyu.edu/faculty/bio/paul-romer) has been promoting for a few years--'charter cities ,' or development zones with special streamlined laws (really just rule of law) and low taxes that let trade and commerce flourish."

[Read more](http://www.forbes.com/global/2012/0116/sidelines-india-hong-kong-lost-found-tim-ferguson.html)