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Many commentators are hopeful that Paul Romer will help usher in a new era for the global economy. Known for his work on the endogenous growth theory, he has demonstrated a deep interest in tackling poverty and inequality by giving more importance to investments in human capital, innovation, and knowledge. But, what thrills me most of all is his brilliant idea of “Charter Cities”.
Which South Asia do you live in? The one which offers world-class metros and malls, super-speciality hospitals, gourmet eateries and designer homes where servants make your meals, drive your car or clean your mess? Or do you live in the South Asia where sanitation, water and electricity are a luxury, where filth, ignorance and violence means death comes early and more frequently from illness, poverty and natural disasters? Statistically, the latter is more likely.