Paul Romer: World’s first charter city TED2011
Honduras is looking at a way to allow its people, or those who want to, to “go to the USA” without leaving Honduras.
The wealth produced by a city is far greater than the cost of building one.
Both Singapore and South Korea are in the city building business. They can put up a full city in a few years, once regulatory approval is granted.
A charter city is a special administrative zone whose rules/laws are determined by the charter. They might operate under US law, though not, perhaps, US jurisdiction.