I often argue that new cities should negotiate legal autonomy to create or import legal systems more conducive to economic growth. I do so based on the assumption that the cost of creating and maintaining a legal system is less than the benefits of having such a legal system. In this post I quantify those costs.

I take Hong Kong as the prototype. As it retains legal autonomy from China, it is responsible for its own legal and regulatory system. More importantly, it has a budget that makes it reasonably easy to differentiate legal and regulatory costs from other types…

Mark Lutter

Founder + Executive Director: Charter Cities Institute. Building the future of governance for the cities of tomorrow https://www.chartercitiesinstitute.org/

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