July 28, 2014

Honduras: The Hong Kong of Latin America?

John Fund, National Review

The Associated Press

Last year, Honduras enacted constitutional reforms, which won overwhelming support from all parties in its parliament, that would allow semi-autonomous zones with distinct legal, economic, administrative, and political (LEAP) protections for job creators. Honduras’s supreme court has approved the law. The idea for LEAP zones comes from observing how Hong Kong, Singapore, and Dubai “leapfrogged” other jurisdictions in economic gains by giving special protections to investors. In these states, for instance, final judicial appeals were lodged with distinguished foreign judges from countries such as Britain or international arbitration panels.

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