Honduras: Up for sale

Honduras: Up for sale

Can a city start over from scratch? NYU economist Paul Romer's original TEDtalk got people wondering, and Honduras bit.

In this week's New York Times Magazine, Adam Davidson, co-founder of NPR's “Planet Money,” describes what Romer's Honduran utopia might be like, and what's needed to make it work.

Wealthy countries spend billions per year on projects designed to reform governments, build modern utilities or teach their workers new agricultural techniques. For all the cash, there has been very little success. Sponsoring a charter city, Romer said, may be a better (and cheaper) way to help.

RELATED: Honduras envisions a Caribbean Hong Kong, but 'charter city' meets criticism

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