Poverty-tackling trio win Nobel economics prize

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U.S.-based economists Abhijit Banerjee, Esther Duflo and Michael Kremer win the 2019 Nobel Economics Prize for their work in fighting poverty. More here:

STOCKHOLM - U.S.-based economists Abhijit Banerjee, Esther Duflo and Michael Kremer won the 2019 Nobel Economics Prize on Monday for their work in fighting poverty that has helped millions of children around the world.

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 portraits of Abhijit Banerjee, Esther Duflo, and Michael Kreme, who have been announced the Nobel Prize in Economic Sciences 2019 winners, are seen at a news conference at the Royal Swedish Academy of Sciences in Stockholm, Sweden, October 14, 2019. Karin Wesslen/TT News Agency/via REUTERS

Asked whether Duflo’s award was an attempt to redress the gender imbalance in the prize’s history, Peter Fredriksson, chairman of the Nobel Committee for Economic Sciences, said it showed that women were now more present in economics.

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