Episode 16: Old Aid vs New Aid

We have an imperative to shape the new aid industry to be fit for today’s challenges. The “aid industry” is an antiquated term and most people use it pejoratively. But changes to this sprawling, $200 billion-a-year industry have come so quickly that we don’t yet have language to describe it. Perhaps one day something like “impact industry” will catch-on, but for now we’re left with an alphabet soup of social entrepreneurs, NGOs, impact investors, multilateral development banks,&nb...