The Nobel prize in Economics for 2019 has received two researcher from mit and a third from Harvard University for his groundbreaking research into the mechanisms of the fight against poverty in the world. This was reported on the official website of the Nobel Committee.
Abhijit Banerjee, Esther Duflot and Michael Kremer, working together, made a real revolution in development Economics. They conducted many experiments in the poorest parts of the globe and given a practical understanding of how poor people respond to education, health care and other programs designed to bring them out of poverty.
For example, their work in Kenya and India showed that the provision of more textbooks, school supplies and teachers did not help students to learn more.
The increase in the relevance of schoolwork for students, close cooperation with the neediest students and attracting teachers accountable by entering into short-term contracts were more effective in countries where teachers do not care about finding work.
The Nobel Committee announced that the recommended winners of the program of correctional training now benefits 5 million Indian children.
Kremer and others have found that the provision of free medical care is of great importance: only 18% of parents gave their children anthelminthic tablets from parasitic infections, when they had to pay for them, even though the price was less than $ 1. But 75% gave their children pills when they were free. The world health organization currently recommends to distribute medicines free of charge in areas with a high prevalence of parasitic worms.
Banerjee, Duflo and others found that the mobile clinic vaccination in India has dramatically increased immunization rates than traditional medical centers are often left without staff. Immunization rates are even more increased if the parents receive a package of lentils as a bonus for vaccinating their children.
The Nobel Committee noted that despite progress, global poverty remains an intractable problem. More than 700 million people live in extreme poverty. Five million children die before 5 years, often from diseases that can be prevented or treated easily and inexpensively. Half of the world’s children leave school without basic literacy and math skills