After Helping the Poor — Don’t Sleep Well (Nobel Prize in Economic Sciences 2019)
The article presents three Nobel Prize winners in economic sciences 2019 as well as the results of their researches. The paper highlights the primary goal of the laureates’ research aimed at improving the effectiveness of foreign aid to poor countries. Along with this, the author considered three ac...
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| Format: | Article |
| Language: | Russian |
| Published: |
Government of the Russian Federation, Financial University
2020-11-01
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| Series: | Мир новой экономики |
| Subjects: | |
| Online Access: | https://wne.fa.ru/jour/article/view/279 |
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| _version_ | 1849343587177725952 |
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| author | Yu. P. Voronov |
| author_facet | Yu. P. Voronov |
| author_sort | Yu. P. Voronov |
| collection | DOAJ |
| description | The article presents three Nobel Prize winners in economic sciences 2019 as well as the results of their researches. The paper highlights the primary goal of the laureates’ research aimed at improving the effectiveness of foreign aid to poor countries. Along with this, the author considered three achievements of the winners noted by the Nobel Committee: randomized field experiments, establishing new links between microeconomics and macroeconomics, the original method of research on the causes of poverty. The winners showed that financial assistance to poor countries should be accompanied, and possibly preceded, by pilot studies of the effectiveness of this assistance. The primary way to improve the efficiency of foreign aid laureates see in creating conditions for self-improvement of their situation by low-income families. And this, according to the laureates, can be achieved through solving the problems of health and education in countries receiving foreign aid. To verify that idea the laureates conducted experiments in Kenya, India, other countries in Africa, Asia, and Latin America. The author also provides evidence that foreign aid to poor countries is less than cash flows going in the opposite direction. |
| format | Article |
| id | doaj-art-55197fd1b6b7405abb71f5b4e0f4c957 |
| institution | Kabale University |
| issn | 2220-6469 2220-7872 |
| language | Russian |
| publishDate | 2020-11-01 |
| publisher | Government of the Russian Federation, Financial University |
| record_format | Article |
| series | Мир новой экономики |
| spelling | doaj-art-55197fd1b6b7405abb71f5b4e0f4c9572025-08-20T03:42:56ZrusGovernment of the Russian Federation, Financial UniversityМир новой экономики2220-64692220-78722020-11-01141778710.26794/2220-6469-2020-14-1-77-87269After Helping the Poor — Don’t Sleep Well (Nobel Prize in Economic Sciences 2019)Yu. P. Voronov0Institute of Economics and Industrial Engineering, Siberian Branch of Russian Academy of SciencesThe article presents three Nobel Prize winners in economic sciences 2019 as well as the results of their researches. The paper highlights the primary goal of the laureates’ research aimed at improving the effectiveness of foreign aid to poor countries. Along with this, the author considered three achievements of the winners noted by the Nobel Committee: randomized field experiments, establishing new links between microeconomics and macroeconomics, the original method of research on the causes of poverty. The winners showed that financial assistance to poor countries should be accompanied, and possibly preceded, by pilot studies of the effectiveness of this assistance. The primary way to improve the efficiency of foreign aid laureates see in creating conditions for self-improvement of their situation by low-income families. And this, according to the laureates, can be achieved through solving the problems of health and education in countries receiving foreign aid. To verify that idea the laureates conducted experiments in Kenya, India, other countries in Africa, Asia, and Latin America. The author also provides evidence that foreign aid to poor countries is less than cash flows going in the opposite direction.https://wne.fa.ru/jour/article/view/279nobel prize in economic sciencesfight against povertymiseryeffectiveness of foreign aidrandomized trialskeniaindia |
| spellingShingle | Yu. P. Voronov After Helping the Poor — Don’t Sleep Well (Nobel Prize in Economic Sciences 2019) Мир новой экономики nobel prize in economic sciences fight against poverty misery effectiveness of foreign aid randomized trials kenia india |
| title | After Helping the Poor — Don’t Sleep Well (Nobel Prize in Economic Sciences 2019) |
| title_full | After Helping the Poor — Don’t Sleep Well (Nobel Prize in Economic Sciences 2019) |
| title_fullStr | After Helping the Poor — Don’t Sleep Well (Nobel Prize in Economic Sciences 2019) |
| title_full_unstemmed | After Helping the Poor — Don’t Sleep Well (Nobel Prize in Economic Sciences 2019) |
| title_short | After Helping the Poor — Don’t Sleep Well (Nobel Prize in Economic Sciences 2019) |
| title_sort | after helping the poor don t sleep well nobel prize in economic sciences 2019 |
| topic | nobel prize in economic sciences fight against poverty misery effectiveness of foreign aid randomized trials kenia india |
| url | https://wne.fa.ru/jour/article/view/279 |
| work_keys_str_mv | AT yupvoronov afterhelpingthepoordontsleepwellnobelprizeineconomicsciences2019 |