The private sector has proposed creating development zones with specific tax laws and tax free status in order to encourage local and foreign investment.
Following a concept created by economist Paul Romer and implemented in cities such as Hong Kong, and proposed in Honduras through the passage of a law last year, Salvadoran businessmen are proposing 29 law reforms in order to create development zones which have their own laws to enhance the competitiveness of companies located within them.
The term "charter cities" by economist Paul Romer is in principle very attractive, but besides the obvious implementation difficulties, it smells like new colonialism.
Aditya Chakrabortty, in his article in The Guardian, dissects economist Paul Romer and his idea of introducing in poor countries, cities with special laws and regulations which would allow meteoric economic development.