14/10, 2019 Nobel Prize in economics was awarded to three economists Abhijit Banerjee include, Esther Duflo and Michael Kremer with dedication to poverty reduction worldwide.
Meanwhile, Michael Kremer is a professor at Harvard University. He used to conduct experiments to find ways to improve learning outcomes in western Kenya in the mid 90s.
Thanks to research by three economists, more than 5 million children in India have benefited from the program assistants in schools, and many countries have invested heavily to programs of health care plans room, according to a statement from the Royal Institute of Sweden, shares the Nobel prize.
Peter Fredrikkson, chairman of the prize in Economic Sciences of the Academy of Sciences Royal Swedish studies by three economists have tested the impact of specific interventions in areas such as agriculture industry, health and education.
Approach towards this experiment “was to rival development economics, with a clear impact on policy and improve fight poverty globally,” he said Fredrikkson.
Ms Duflo, 46, said “the nature of our research is to ensure that the fight against poverty is based on the evidence of course”.
She also hoped that the Nobel Prize which she received will create inspiration for other scientists to continue this work, and “men will give them the respect that they deserve.”
Before Ms Duflo, 2019, economists Americans Elinor Ostrom is the first woman to receive the Nobel Prize thanks to a study of how people in the community to share resources equitably and sustainably without required from the central provisions. She died in 2012.
Since 1968, 51 Nobel Prize in Economics was awarded to 84 people. Three economists Banerjee, Duflo and Kremer Prize this year will share bonuses 9 million Swedish Kronor (approximately 914,207 USD).
Last year, Professor at Yale University, William Nordhaus, and professor Paul Romer’s Stern School of Business of New York University, won the award thanks to research around the issue of sustainable economic growth.
The award, known officially Sveriges Riksbank Prize is the prize for Economic Sciences, not by Alfred Nobel established. The award was established by Sweden’s central bank and is awarded in memory of talented scientist Alfred Nobel.