Lant Pritchett on Why Foreign Aid Misses the Point

Yascha Mounk and Lant Pritchett discuss why development requires building state capability, not just charitable interventions. Lant Pritchett is a development economist from Idaho. Having now thrice retired, he is currently a Visiting Professor at the London School of Economics in the School of Public Policy and the co-founder and Research Director of Labor Mobility Partnerships (LaMP). In this week’s conversation, Yascha Mounk and Lant Pritchett discuss why the traditional foreign aid approach to development is fundamentally misguided, how countries actually achieve prosperity through organic national transformation, and whether the classic path to development remains viable in the 21st ce...