Alexa Nobel Prize in Economics awarded to Banerjee, Duflo and Kremer

Dhaka, Friday   22 November 2019

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Nobel Prize in Economics awarded to Banerjee, Duflo and Kremer

 International Desk daily-bangladesh.com

 Published: 04:05 PM, 14 October 2019   Updated: 09:25 PM, 14 October 2019

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The 2019 Nobel Prize in Economic Sciences has been awarded to Abhijit Banerjee, Esther Duflo and Michael Kremer “for their experimental approach to alleviating global poverty.”

Banerjee, Duflo, and Kremer have won the Nobel Prize in economics for their experiment-based approach to tackling poverty -- in the fast-growing area of development economics.

The key to their research is to take the daunting issue of global poverty and break it down into smaller questions -- which can be more credibly answered.

For example, to find ways to improve children's health you would examine various experimental approaches, such as education methods, health systems, agricultural approaches, and access to credit.

Esther Duflo’s success means we have a second female winner of the Nobel prize in economics, 50 years after it was first awarded.

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