The purpose of this paper is to explain the nature of the Greater Bay Area Plan and to refute various myths about the initiative. The economic vigor of the Greater Bay Area is based on agglomeration economies from the city cluster and on the access to important ports. The Plan aims at motivating policy makers at different levels to work together to create new possibilities.,This is based on policy analysis informed by economic theory and evidence.,The Greater Bay Area Plan enhances the freedoms enjoyed by people living in any of the 11 cities in the area. Its design and the roles assigned to the different cities in the Outline Plan shows that it does not go against market forces but instead works with them. The impediments caused by the three custom areas, three currencies and different legal systems make it imperative for policy makers in the different cities and other levels of government to work together to remove or at least alleviate the impediments.,It dispels the myths that have prevailed since the Outline Plan was released in February 2019 and identifies how it can increase freedoms and manifest the potential of the Greater Bay Area.

中文翻译：

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大湾区：以市场为导向的计划，以提高生活质量和发展

本文的目的是解释大湾区计划的性质，并驳斥有关该计划的各种神话。大湾区的经济活力是基于城市群的集聚经济以及通往重要港口的便利。该计划旨在激励各级决策者共同创造新的可能性。该计划基于经济理论和证据的政策分析。大湾区计划增强了11个州中任何一个的人们所享有的自由该地区的城市。它的设计以及在大纲计划中分配给不同城市的角色表明，它并不与市场力量背道而驰，而是与他们合作。由三个自定义区域引起的障碍，