|What does a free international city mean?|
|Writer :||Administrator||Date :||2012-01-02||Hit :||2794|
In the twenty-first century, when the borders become blurred, global companies tend to invest in affluent societies with a good standard of living. In those communities, the principle of a free market economy is applied and institutions are established in order to meet the demand of consumers for education, culture and finance. The concept of a free international city has not been academically defined. It means, however, a space that attracts global companies, minimizes regulations in economic activities in order to enhance the quality of life and guarantees the maximum convenience for the free flow of people, goods and capital and for tax free business activities.