Abhijit Banerjee, Esther Duflo and Michael Kremer win the 2019 Nobel Prize in economics for their work fighting global poverty
STOCKHOLM - U.S.-based economists Abhijit Banerjee, Esther Duflo and Michael Kremer won the 2019 Nobel Economics Prize on Monday for work fighting poverty that has helped millions of children by favoring practical steps over theory.
It said the results of their studies and field experiments had ranged from helping millions of Indian schoolchildren with remedial tutoring to encouraging governments around the world to increase funding for preventative medicine. Applied to development economics, such field experiments found for example that providing more textbooks and free school meals had only small effects, while targeting help for weak students made a big difference to overall educational levels.
Abhijit Banerjee and Esther Duflo, two of the three winners of the 2019 Nobel Prize in Economics, stand together at a news conference at the Massachusetts Institute of Technology in Cambridge, Massachusetts, U.S., October 14, 2019. REUTERS/Brian Snyder While the United Nations estimates that global poverty has been cut by more than half since 2000, it says one in 10 people in developing regions still live on less than $1.90 a day. In sub-Saharan Africa, that proportion rises to 42%.
“I would congratulate them but still put that caveat that poverty is artificially made by human beings who put up systems that deny others the opportunity to realize their full potential,” said James Shikwati, head of the Nairobi-based Inter Regional Economic Network think tank.
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Trio wins economics Nobel for fighting povertyEconomists Abhijit Banerjee, Esther Duflo and Michael Kremer win the 2019 Nobel Economics Prize for creating an experimental approach to alleviating global poverty. More here:
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Poverty-tackling trio win Nobel economics prizeU.S.-based economists Abhijit Banerjee, Esther Duflo and Michael Kremer win the 2019 Nobel Economics Prize for their work in fighting poverty. More here:
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Economists who study poverty win Nobel PrizeAbhijit Banerjee, Esther Duflo and Michael Kremer bag coveted prize for pioneering new ways to alleviate global poverty, the award-giving academy says.
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