- Title: Pioneers in fight against poverty win 2019 Nobel economics prize
- Date: 14th October 2019
- Summary: (SOUNDBITE) (English) NOBEL LAUREATE, ESTHER DUFLO, SAYING: "So what we try to do in our approach is to say look, 'let's try and attack the problem one by one' and address them as vigourously and scientifically as possible and that is how we developed and used in the fight against poverty, the experimental approach."
- Embargoed: 28th October 2019 12:04
- Keywords: Nobel Nobel Prize in Economic Sciences Abhijit Banerjee Esther Duflo Michael Kremer Alfred Nobel
- Location: STOCKHOLM, SWEDEN
- City: STOCKHOLM, SWEDEN
- Country: Sweden
- Topics: Science
- Reuters ID: LVA004B12LOAV
- Aspect Ratio: 16:9
- Story Text: United States-based economists Abhijit Banerjee, Esther Duflo and Michael Kremer won the 2019 Nobel Economics Prize on Monday (October 14) for their work in fighting poverty that has helped millions of children around the world.
French-American Duflo becomes only the second female economics winner in the prize's 50-year history, as well as the youngest at 46. She shared the award equally with Indian-born American Banerjee and Kremer, also of the United States.
The Royal Swedish Academy of Sciences said their work had shown how poverty could be addressed by breaking it down into smaller and more precise questions in areas such as education and healthcare, making problems easier to solve.
It said the results of their studies and field experiments had ranged from helping millions of Indian schoolchildren with remedial tutoring to encouraging governments around the world to increase funding for preventative medicine.
The 9 million Swedish crown (915,300 U.S. dollars) economics prize is a later addition to the five awards created in the will of industrialist and dynamite inventor Alfred Nobel, established by the Swedish central bank and first awarded in 1969.
Economics is the last of the awards to be announced with the winners for medicine, physics, chemistry, literature and peace having been unveiled over the course of last week.
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