Transcription of UNDERSTANDING DEVELOPMENT AND POVERTY ALLEVIATION
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UNDERSTANDING DEVELOPMENT AND POVERTY ALLEVIATION
14 OCTOBER 2019 Scientific Background on the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2019 UNDERSTANDING DEVELOPMENT AND POVERTY ALLEVIATIONThe Committee for the Prize in Economic Sciences in Memory of Alfred NobelTHE ROYAL SWEDISH ACADEMY OF SCIENCES, founded in 1739, is an independent organisation whose overall objective is to promote the sciences and strengthen their influence in society. The Academy takes special responsibility for the natural sciences and mathematics, but endeavours to promote the exchange of ideas between various 50005 (LILLA FRESCATIV GEN 4 A), SE-104 05 STOCKHOLM, SWEDEN TEL +46 8 673 95 00, Scientific Background on the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2019 UNDERSTANDING DEVELOPMENT and POVERTY ALLEVIATION The Committee for the Prize in Economic Sciences in Memory of Alfred Nobel October 14, 2019 2 Despite massive progress in the past few decades, global POVERTY in all its different dimensions remains a broad and entrenched problem.
Banerjee and Duflo further argued that these misallocations can be traced back to various market imperfections and government failures. Hence, a core step in understanding, and ultimately alleviating, poverty is to identify sources of the observed inefficiencies as well as policies that could address them.
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