Nobel Prize in economics awarded to trio for work on poverty

Jonathan NACKSTRAND / AFP

Economists Abhijit Banerjee, Esther Duflo and Michael Kremer have won the 2019 Nobel Economics Prize for research on alleviating global poverty.

"This year's Laureates have introduced a new approach to obtaining reliable answers about the best ways to fight global poverty," the Royal Swedish Academy of Sciences said on Monday.

Banerjee and Duflo are professors at the Massachusetts Institute of Technology while Kremer is the Gates Professor of Developing Societies in the Department of Economics at Harvard University.

They have been awarded for developing a method to identify the causes of poverty and analyse the costs and benefits of policy interventions through field studies.

More from International

Coming Up on Dubai Eye

  • The Business Breakfast

    6:00am - 10:00am

    The Business Breakfast is the day’s must listen for the UAE’s business leaders, and those who aspire to be.

  • The Agenda

    10:00am - 1:00pm

    Broadcasting every weekday, Georgia Tolley goes beyond the headlines to speak to government ministers, decision makers, analysts and local experts to find out how the news will impact those of us living in the UAE.

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Is There Sufficient House Supply In UAE

    Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?

  • Noon's First Female Delivery Driver

    Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!