Development economics in the fight against poverty
Eradicating poverty in all its forms is one of the fundamental goals of the United Nations' plan for sustainable development. In this context, it is not surprising that the Swedish Royal Academy of Sciences has decided to award the 2019 Nobel Prize in Economic Sciences to the economists who hav...
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Association of Serbian Banks
2020-01-01
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doaj-40c4083df18044f9b948dd804cc717342020-11-25T04:11:43ZengAssociation of Serbian BanksBankarstvo1451-43542466-54952020-01-0149175861451-43542001075XDevelopment economics in the fight against povertyLukić Zlata0Udruženje banaka Srbije, Beograd, SerbiaEradicating poverty in all its forms is one of the fundamental goals of the United Nations' plan for sustainable development. In this context, it is not surprising that the Swedish Royal Academy of Sciences has decided to award the 2019 Nobel Prize in Economic Sciences to the economists who have focused their research efforts in this direction. Namely, Abhijit Banerjee, Esther Duflo and Michael Kremer won the award "for their experimental approach to alleviating global poverty". By examining the different factors of each individual problem, as well as the behaviour of subjects in the natural environment, using the method of randomised controlled trials (RCTs), these three scientists came to concrete, practically applicable observations. The combination of these insights and an understanding of the local and institutional context provides solid guidance for development policies and enhances the capacity of international development organisations and institutions to record a visible impact in alleviating global poverty within the set deadlines.https://scindeks-clanci.ceon.rs/data/pdf/1451-4354/2020/1451-43542001075X.pdfabhijit banerjeeesther duflomichael kremerthe nobel prizedevelopment economicspovertythe united nationsthe world banksustainable developmentexperimental approacheducation |
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DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Lukić Zlata |
spellingShingle |
Lukić Zlata Development economics in the fight against poverty Bankarstvo abhijit banerjee esther duflo michael kremer the nobel prize development economics poverty the united nations the world bank sustainable development experimental approach education |
author_facet |
Lukić Zlata |
author_sort |
Lukić Zlata |
title |
Development economics in the fight against poverty |
title_short |
Development economics in the fight against poverty |
title_full |
Development economics in the fight against poverty |
title_fullStr |
Development economics in the fight against poverty |
title_full_unstemmed |
Development economics in the fight against poverty |
title_sort |
development economics in the fight against poverty |
publisher |
Association of Serbian Banks |
series |
Bankarstvo |
issn |
1451-4354 2466-5495 |
publishDate |
2020-01-01 |
description |
Eradicating poverty in all its forms is one of the fundamental goals of the United Nations' plan for sustainable development. In this context, it is not surprising that the Swedish Royal Academy of Sciences has decided to award the 2019 Nobel Prize in Economic Sciences to the economists who have focused their research efforts in this direction. Namely, Abhijit Banerjee, Esther Duflo and Michael Kremer won the award "for their experimental approach to alleviating global poverty". By examining the different factors of each individual problem, as well as the behaviour of subjects in the natural environment, using the method of randomised controlled trials (RCTs), these three scientists came to concrete, practically applicable observations. The combination of these insights and an understanding of the local and institutional context provides solid guidance for development policies and enhances the capacity of international development organisations and institutions to record a visible impact in alleviating global poverty within the set deadlines. |
topic |
abhijit banerjee esther duflo michael kremer the nobel prize development economics poverty the united nations the world bank sustainable development experimental approach education |
url |
https://scindeks-clanci.ceon.rs/data/pdf/1451-4354/2020/1451-43542001075X.pdf |
work_keys_str_mv |
AT lukiczlata developmenteconomicsinthefightagainstpoverty |
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