Paul Romer is immersed in the complexities of global economics. He earned his Ph.D in economics from the University of Chicago, and became an educator at Stanford's Graduate School of Business. He focuses on community aspects of economics, and the ways in which engagement can influence can effect the rate of consumerism, wealth and depts. His passion for the subject is evident in his speech, his intelligence engaging and thought-provoking.
Romer offers a hypothetical application of his breakthrough idea for breaking a struggling country out of poverty. If a nation is trapped in a system of bad laws, there should be a consideration for 'charter cities.' This concept features administrative zoning that only reaches city-wide. These administrations, in turn, would be governed by a collection of nations.