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Lant Pritchett on Economic Growth, Charter Cities, and State Capability

Charter Cities Podcast

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Challenges in Rebuilding Credible Institutions

Countries facing extended negative growth struggle to establish a credible rules-based regime after the collapse of previous deals. Rebuilding institutions to enforce rules is challenging as credibility cannot be created overnight, even with the best intentions. To succeed, institutions need time to establish credibility, which is a complex and time-consuming process.

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