Cities without a state. Nobel recipe for the fight against poverty
Countries are rich not thanks to monetary injections, but thanks to innovation - this seemingly obvious idea brought the economist to Paul Romer the Nobel Prize. Innovations, he claimed, become an engine of growth only with the right institutions. Almost ten years ago, making a lecture TED , he proposed a strategy that would help lagging countries get out of poverty. The plan included the creation of cities-states, or rather, cities without a state.