Abstract

Solving the problem of poverty has always been a topic of concern to all countries in the world. On October 14, 2019, the Nobel Prize official website announced that Abhijit Banerjee, Esther Duflo, and Michael Kremer became the laureates of the annual Nobel Prize in Economics in recognition of their unique contribution to “experimental practices in reducing global poverty.” This result was a commendation to development economists and an encouragement to the global efforts to reduce poverty.

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