To take this suggestion a step further, it would be great if this new nation was run as a Futarchy [1]. The basic idea is we use prediction markets to determine if certain policies would raise GDP, and those that do become law. Projects like Augur [2] are trying to make ubiquitous prediction markets possible by relying on Blockchain-like decentralization.

[1] http://mason.gmu.edu/~rhanson/futarchy.html [2] http://www.augur.net/