# Prof. Paul Romer has a vision for charter cities

1 May 14, 2012 ![](/sites/default/files/styles/246w/public/assets/images/con_036151.jpg?itok=3xRpAbTw)>

Excerpt from the [Next American City's Forefront](http://americancity.org/forefront/view/chartered-territory) -- "'The success or failure of the [Urbanization Project](/experience-stern/about/departments-centers-initiatives/centers-of-research/urbanization-project) doesn’t hinge on the success or failure of the Honduras experiment,' said [Henry](http://www.stern.nyu.edu/faculty/bio/peter-henry), who is already looking ahead to the opening of NYU Shanghai in 2013. 'The story in emerging markets is cities.' With twin campuses in both the Middle East and China, perhaps no business school is better positioned to lead the charge than Stern, with [Romer](http://www.stern.nyu.edu/faculty/bio/paul-romer) in the vanguard chartering new ones. If the REDs are really a tool for imagining an urban future, then the one thing everyone involved wants to see — or fears — are dollar signs."

[Read more](http://americancity.org/forefront/view/chartered-territory)
## Urbanization Project

[At the NYU Stern Urbanization Project (UP), the world's urban areas are the units of analysis. Learn more>>](/experience-stern/about/departments-centers-initiatives/centers-of-research/urbanization-project)