• THE  ENTERPRISE CITIES PROJECT

    Creating prosperity through competition

    WHAT'S BEING SAID ABOUT US

    "This shift may go further... as so-called “special governance zones” gain traction. The idea is to create enclaves that write their own rules in all business matters, from labour regulation to anti-corruption codes—“to look at laws as services that companies demand”, says Lotta Moberg of George Mason University. Such ventures will provide competition more effectively than zones focused on fiscal incentives, says Shanker Singham, founder of Enterprise Cities." - The Economist, April 4, 2015

    WHAT WE'RE SAYING

    "The train of trade in the 21st century is different, but we insist on driving that train on the old lines. Instead we must change the lines, and develop a new architecture to frame the real trade issues of the day. That architecture must now find a way of harnessing the very real mercantilist impulse in nations, which has always been with us, to ratchet down internal barriers, distortions, and anticompetitive practices." - Bloomberg BusinessWeek, August 13, 2008

     

    "Free trade was supposed to open entire new markets to goods and services from other countries. It was supposed to fuel competition, lower prices and increase choice for consumers. But free trade does not work if the market is rigged against competition." - The Financial Times, October 15, 2012

     

    "'I soon learned that if you just open to trade at the border but don't at the same time open the competition inside and improve the rule of law, then you just gift the boundary to gate keepers, enrich rent seekers and create a backlash against the whole process, resulting in a hostile electorate...A result, he says, is that 'people say the whole thing is bad, that liberalising trade is bad. They don't say, 'it is supposed to be good for me, let's fix domestic liberalisation to make sure we get the benefit of free trade'." - The Australian, December 6, 2012

    POWERFUL TOOLS TO MEASURE ECONOMIC ACTIVITY

    Using a unique dataset of non-survey data, the E-City Simulator predicts how per capita production will improve from the creation of an Enterprise City relative to what per capita production is elsewhere in a particular country. The productivity gains estimated are the result of removing anticompetitive market distortions (ACMDs) in three key interconnected areas: property rights protection, domestic competition, and international competition. Each of these three areas receives an overall score in each country. These scores are calculated by weighting subcategories within each of the three main areas, and these subcategories themselves are defined by a weighted average value of the underlying data from our original data set. A statistical program is used to determine the precise weights to be applied to each data point and the subcategory to which the data points belong in order to generate scores for property rights protection, domestic competition, and international competition that represent the true quality of each of these areas in a particular country. Changes in the underlying data which would occur as a result of the creation of an E-City generate improved values in the three main categories, which then – through regression analysis – predict changes in productivity. The regression analysis accounts for the fact that property rights protection is essential for meaningful economic growth and the fact that domestic and international competition are entirely interwoven.

  • WHAT DO WE DO?

    We help countries to become more competitive and dynamic, to grow their economies, create jobs, and lift people out of poverty.

    We advise countries on regulatory systems and help them create Enterprise Cities.

    Our expertise can be used by countries at a national level to create pro-competitive, and liberal trading systems based on property rights and the rule of law, or be applied at a zone level. Given that nationwide reform is difficult to achieve, the Enterprise City is an alternative delivery mechanism for this reform. We work with governments, NGOs, and other partners to help countries become competitive and unleash the potential gains in productivity that await better legal and financial mechanisms in every economy. Enterprise Cities are established by governments willing to give authority over a zone to a public-private partnership of government officials and developers. These partners create a new regulatory system that delivers a pro-competitive business environment founded on open trade, merit-based competition and property rights protection.

    The e-Cities Model is universally accessible.

    Our legal, economic, governance, and regulatory ideas can be applied to any city, region, state, or country. The component parts of our e-Cities Model can be bundled together or broken down for your specific needs, from feasibility studies which evaluate the constraints on economic growth, and evaluate the economic opportunities derived from their solutions to building Regulatory Frameworks for new zones. Our partners in development and construction have the physical tools needed to build a city from scratch, or to revitalise a zone, powered by our e-City technology which provides a regulatory system which provides the soft infrastructure.

  • OUR MISSION

    Responding to megatrends and megaproblems.

    History has demonstrated that wealth is created and people are lifted out of poverty when trade is open, markets are competitive, and property rights are protected. We also know that one million people migrate to urban areas every week, and that to support population growth, the world will need to construct 500 new cities by 2050. Without solid regulatory foundations, these cities will flounder and fail, and billions more people will be mired in poverty. We see global poverty alleviation as our mission, and Enterprise Cities as our path to global poverty alleviation.

    Connecting global capital and emerging markets.

    Capital is a coward. It goes only where it's welcome, and $30 trillion is on the sidelines today, which is why one of the great challenges facing the developing world today is to create an inviting ecosystem for entrepreneurs, and for economic activity generally. The regulatory framework can connect the capital on the side-lines with the $57 trillion of infrastructure need. Enterprise Cities can act as demonstration models, making visible the benefits of merit-based competition and pointing the way to a more prosperous future.

  • Selected Publications

    For a more extensive collection, please email us using the form below

    The Promise of Enterprise Cities

    2014

    Concurrences 2014

    The Effect of Anti-Competitive Market Distortions on Global Markets

    2014

    Freeing the Global Market

    2012

    Pernicious Regulations Hold Back Trade

    2012

    Enhancing Welfare by Attacking Anti-Competitive Market Distortions

    2011

    America Needs a Bipartisan Coalition on Trade

    2008

    Liberty Without Licence

    2012

  • HOW WE BUILD

    We analyze the constraints to economic growth in a particular country, and develop a comprehensive set of solutions to those constraints across the dimensions of property rights protection, open trade, and domestic competition. The diagnostic is based on a number of different country analyses carried out by the World Trade Organization Trade Policy Review, the trade barrier analysis of the EU and US, IMF Article IV Surveillance, and other analyses of the regulatory, legal and economic environment of a country. We develop from this analysis a list of constraints that impede growth. We then develop a list of solutions to these constraints and use our e-City Simulator to develop what productivity increases result from the removal of these constraints.

    Working Quickly

    We have a highly adaptable four-step timeline for our projects:

    • 4-6 weeks: Application of the e-City Simulator and Competitiveness Diagnostic
    • 4-6 months: Feasibility Study and RFA negotiations
    • 6-8 months: RFA conclusion and creation of investor proposition
    • 12 - 18 months: Presentation of RFA to investment community and global capital

     

  • WHERE ARE WE?

    Morocco

    Shanker Singham and Minister Moulay Hafid Elalamy signed the Memorandum of Understanding between the Ministry of Commerce of Morocco and Babson Global (witnessed by Babson College President Kerry Healey) to launch a Joint Feasibility Exercise on November 20th, 2014 at the Global Entrepreneurship Summit.

    Bosnia & Herzegovina - Republika Srpska

    Shanker Singham and Prime Minister of the Republic of Srpska Zeljka Cvijanovic signed a Letter of Intent on September 23rd, 2014. The government is currently determining the specific land parcel and developing a team to discuss the Regulatory Framework.

    India, with the Legatum Group

    In India, we are evaluating the impact of Anti-Competitive Market Distortions (ACMDs) on the domestic market. We are applying our Productivity Simulator, as well as the ACMDs typology described above.

    Saudi Arabia

    We are working with our e-City and Productivity Simulators to establish the productivity gains of an optimized legal and regulatory environment in the King Abdullah Economic City.

  • OUR TEAM

    Shanker Singham

    As CEO and Chair of the Competere Group, Shanker A. Singham brings with him a wealth of experience in trade, competition and regulatory systems. He is one of the most experienced, and best known international trade and competition lawyers in the world. He has lectured, written and spoken extensively, having authored over one hundred articles and book chapters, as well as the leading textbook in the field of competition and regulatory systems. He led the market access practices of two prominent law firms, most recently at Squire Patton Boggs, and has represented multinational companies and governments. He is a cleared adviser to the United States Trade Representative and Department of Commerce, and is a Non-Government Adviser to the International Competition Network. He is also the Director of Economic Policy and Prosperity Studies at the Legatum Institute.

     

    Shanker has his Masters and Undergraduate degrees in Chemistry from the University of Oxford, and postgraduate legal degrees in both the UK and US. He spent his early career working on the privatizations and development of competition laws in the former Soviet Union and Central and Eastern Europe with a prominent City of London law firm, and then in Latin America working on the apertura. Shanker is a life member of the Council on Foreign Relations and founded the Roundtable in 1997 as a way of promoting the notion of free trade, competitive markets and property rights protection around the world, having learned the lessons of the openings in the former Soviet sphere, Latin America and China and India’s re-insertion into the global economy.

     

    To see a full list of Shanker's publications, media quotations, and speeches, please see our blog below.

    Molly Kiniry

    As Managing Associate, Molly Kiniry has previously worked with Babson Global International, the International Roundtable on Trade and Competition, and the House Committee on Foreign Affairs. She graduated from the University of Richmond with a Bachelor of Arts in Politics, Philosophy, Economics and Law (PPEL) and French. She has published and presented papers in both English and French, specializing as an undergraduate in Sub-Saharan economic development.

    Robert Bradley

    Robert Bradley is a Research Associate at Babson Global, Inc. and an Applied Economics PhD candidate at Northeastern University specializing in the field of Industrial Organization. He received a Bachelor of Science in Economics from Bridgewater State University. His research generally focuses on quantifying the effects of public policy on economic activity.

    The Enterprise Cities Development Council

    Clark Realty Capital & Gale International

    Alden Abbott, Martin Anderson, Dr. Carla Diaz, Dr. Philip Dover, Dr. Eduardo Gamarra, Beth Goldstein, Christopher Hennessey, Dr. James Hoopes, Dr. Bala Iyer, Dr. Kent Jones, Dr. Donna Kelley, Dr. S.P. Kothari, John Macomber, Aaditya Mattoo, Dr. Richard Miller, Michael Mozill, Dr. Nikhil Rao, Dr. Srinivasa Rangan, Paul Reville

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