Próspera, Solving the Rule of Law in Central America
Central America has long been plagued with crime and corruption that has stifled foreign investment and slowed economic growth. That's where Próspera comes in. Próspera is a special economic zone or Zonas de Empleo y Desarrollo Económico (ZEDE) on the island of Roatán in the Central American country of Honduras. It's a legal autonomous zone with its own fiscal, regulatory, and administrative architecture - which is the key to its success and challenges. Not bound by the overburdened regulatory system of Honduras nor its complicated tax system, Prospera provides incentives for start-up companies and investors to thrive. More importantly it provides the legal framework for a stronger Rule of Law in a country whose current government is destroying the Rule of Law. For Episode 28 of the Border Wars Podcast we are joined by Nick Dranias, the general counsel of Próspera, to discuss the recent attacks made by the Xiomara Castro government in Honduras and efforts at indirect expropriation of foreign companies that are not Chinese or Russian. Who is behind these attacks? How far are they willing to go?
