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Foreign Affairs committee  You could think of it as exporting government services that might then facilitate other kinds of, you know, private sector participation by Canadian firms.

May 28th, 2012Committee meeting

Dr. Paul Romer

Foreign Affairs committee  This initiative is at an early stage. There is lots of opportunity for interested parties to influence the decision-making process and to influence decisions, such as, for example, what the default commercial code will be within this zone. Even if Mauritius is the court of appeal

May 28th, 2012Committee meeting

Dr. Paul Romer

Foreign Affairs committee  I think the best way to capture the essence is that if one could create in Honduras the conditions that Hondurans seek out in Canada and the United States—the infrastructure, employment opportunities, educational opportunities, the physical safety for their children—it would be a

May 28th, 2012Committee meeting

Dr. Paul Romer

Foreign Affairs committee  When you say legislation, do you mean rule-making in Honduras?

May 28th, 2012Committee meeting

Dr. Paul Romer

Foreign Affairs committee  One of the sad things about being a poor country is that the worldwide press never bothers to get the facts right about anything that happens in a poor country. In Madagascar, Daewoo gave a statement to the Financial Times saying they had a deal to lease large tracts of land in

May 28th, 2012Committee meeting

Dr. Paul Romer

Foreign Affairs committee  I had conversations with President Ravalomanana about this idea. We both agreed that it offered a promising future for Madagascar, but there was never any agreement, and this was never the source of any popular protest because it was never publicly disclosed. The popular protest

May 28th, 2012Committee meeting

Dr. Paul Romer

Foreign Affairs committee  On the question of how, this arrangement was imagined, proposed, and put forward by Hondurans themselves. They sought me out because they could see I had been thinking about something similar, so they asked me to help them. But they saw this as a way out of the kind of trap they

May 28th, 2012Committee meeting

Dr. Paul Romer

Foreign Affairs committee  Importing government services, so to speak, is not the same as granting sovereign status of Mauritius within this zone. It's just leveraging the credibility of their courts to help them solve problems in their judicial system. It is possible that a similar arrangement could be

May 28th, 2012Committee meeting

Dr. Paul Romer

Foreign Affairs committee  Like it or not, Canada is still a beacon of good governance and trust around the world. A sign of what's so admirable is the self-criticism and the investigations. Complacency about good governance would be a very bad sign, but rigorous attention to this is what it takes to maint

May 28th, 2012Committee meeting

Dr. Paul Romer

Foreign Affairs committee  What's happened is that the success that happened first in the special zones quickly migrated to other parts of China. They kept adding more zones, and then even some of the interior cities started to copy the arrangements in the zones. So now we've seen rapid growth throughout a

May 28th, 2012Committee meeting

Dr. Paul Romer

Foreign Affairs committee  They've quickly expanded to 14, and now it's hard to count.

May 28th, 2012Committee meeting

Dr. Paul Romer

Foreign Affairs committee  Sure. I think one of the reasons why it would be good if Canada or nations like Canada, like other nations, participate in this is that they could set some standards and expectations. One that I would argue very strongly for is the notion of inclusion in the sense of equal treat

May 28th, 2012Committee meeting

Dr. Paul Romer

Foreign Affairs committee  I think the initiative should always come from the developing economy, not from Canada or anyone like Canada or Mauritius. It has to be under conditions where this is a voluntary act by the developing economy, because again, the legitimacy is the central element in this strategy.

May 28th, 2012Committee meeting

Dr. Paul Romer

Foreign Affairs committee  Mauritius is a country few people know. I first started studying Mauritius because they used a zone like this to get out of the trap of extremely high barriers to trade and to open the economy up. The way they did it was that they created something they called a zone. All you had

May 28th, 2012Committee meeting

Dr. Paul Romer

Foreign Affairs committee  That is a very good question, and it's one that comes up in the U.S. context as well. There are several elements in play here. One is the notion of autonomy, and giving some geographic space an autonomous system of government. We see things that more or less are like that with

May 28th, 2012Committee meeting

Dr. Paul Romer