What if governments would compete for you the same way businesses do? Competing governments would have to make their products and services faster, cheaper, better, and more effective, or their customer-citizens would pick another government doing a better job. What if a governance model could be a product on its own? What if we could have autonomous cities, each having a different governance model, including different laws and taxes? You could shop for a city that suits you best, the same way you pick a restaurant for dinner by walking through a food court or a busy street. Well, it is possible in our time.
It is an amazing reality that is available to us today in the countries with Special Economic Zones (SEZs). In 2020, there are about 4,300 SEZs operating in 75% of countries worldwide. According to the Journal of Special Jurisdictions
(Call for papers from 2020-06-10) "In recent years, more Zones have focused on institutional, legal, and regulatory reforms. Today, the most bold version is the Honduran Zone for Employment and Economic Development
(ZEDEs). The ZEDEs allow private companies to create SEZs with their own administrative, legal, regulatory, and taxation systems."
Special jurisdictions like ZEDEs offer a tool by which countries can test new laws, implement international best practices, and ensure competitiveness for the 21st century. Competition between special jurisdictions embodies the best aspects of market competition, ensuring that successful practices are rapidly adopted.