WHAT CAUSES poverty? Rachana Shanbogue interviews this year’s winners of the Nobel prize for economics—Esther Duflo, Abhijit Banerjee and Michael Kremer.
Their pioneering work has changed the understanding of one of the hardest problems in economics: why do some countries grow rich while others stay poor? Plus, Europe’s Nordic banks are embroiled in money-laundering scandals. What do regulators need to do to restore confidence? Runtime: 22 min
Thought this was tompapa
Actually, there is no Nobel price for economics.
alllibertynews NobelPrize Poverty is self-made. You could still earn handsomely if you dare to work harder faster better.
NobelPrize Ph.D. in Information Economics, has become expert on Growth, National Income, and Monetary Economics. Only a demented one would claim to be omniscient. Modgliani never claimed to be expert in either Monetary or Keynesian Economics.
NobelPrize It's simple: Free enterprise (a.k.a. capitalism) and talented people make countries rich.
NobelPrize greed and corruption...the warlords and autocrats ruling some African nations would rather fill their pockets than helping the people. And they are too beholden to Western corporations pillaging their natural resources - diamonds, cocoa, oil, gold etc
NobelPrize fallacy of demand and supply exists as such this economics can be good material for discussion with if and buts. This science can’t be as pure as our chemistry and physics. The countries with lower GDP are doing better than with higher. Abhijit’s theory impractical in India
NobelPrize One of the main keys to success in the international economy is natural resources in the global market.
NobelPrize Pura realidad!
NobelPrize Wow this guy is really smart! I wonder how we lived our lives to this day without his wisdom. 🤦♂️
NobelPrize Ghana is a rich country but people are poor same with rest of West Africa money goes to pockets of rich people
NobelPrize Colonialism.
NobelPrize Freedom
NobelPrize Free market, not to be confused with Crony capitalism. If a country has a strong and healthy free market, it will undoubtedly grow.
NobelPrize they did not explain anything that was not already understood decades ago by all other social scientists. Being an economist myself, they didn't even 'explain' anything to me. Waste of airwaves.
does any other continent have nordic banks?
NobelPrize Their research is 100% not about that. That is a big macro conceptual problem. They focus on micro-problems. Your horrendous ideological shift is one thing. Failing to do basic research on things you write about is another, though likely related, thing.
NobelPrize Wealth begets wealth, by constituting investment on which return accrues.
MIT Harvard r_shanbhogue Nobel Prize just ain't what it used to be. Over used and questionable recipients
NobelPrize Tim Hartford goes someway to explaining also in the book The Undercover Economist. PS, Callum Burns, I loaned you this book, can you bring it back next time your'e in Brisbane?
MIT Harvard r_shanbhogue honor him too:
NobelPrize Guess youve never heard of Bilderberg , CFR and the other myriad of miscreants above your station and pay grade no doubt
NobelPrize ... it's a mixture of capitalism and corruption ...
NobelPrize You have to look at the informal economy and poverty has to be measured just like GDP - real and actual.
NobelPrize == sorry me- ill advised numskull.but with logic- Answer- because rich countries can get away with stealing?
NobelPrize This is about absolute poverty, the relative poverty is a statistics.
NobelPrize What's the point, leftists will just call it neoliberal propaganda. We have known for a while now why some countries are rich & some are poor. Nobel for development economics should have gone to Hernando de Soto actually, and it's overdue.
r_shanbhogue NobelPrize MIT Harvard Dictators and their co-onwers in other words, the makers of poverty and misery on earth, have killed our parents at Togo and used deprivation to ruin our lives in Europe. Such dictators are chief negotiator selected by EU in her cooperation with ACP countries.
r_shanbhogue NobelPrize MIT Harvard What causes poverty? The evil in men. For God has blessed. But men inhabited by evil have transformed the blessings into curses. Thus millions and millions are condemned to poverty.
r_shanbhogue NobelPrize MIT Harvard Causes of poverty. Three Noble Prize winners elaborate their findings in this Radio interview. Highly recommended listen. Immunization,free mosquito nets being discussed as means of reducing poverty. ImranKhanPTI pmimrankhan Asad_Umar naeemul_haque a_hafeezshaikh
r_shanbhogue NobelPrize MIT Harvard What causes poverty? The channel Arte has produced a wonderful documentary about Angola with the following tittle. Angola, Rich Country, Poor People. In watching the documentary and in being aware of story as Angolagate in France, you have the answers.
r_shanbhogue NobelPrize MIT Harvard God has blessed the world. God has provided. At Togo a bloody dynastic dictatorship since 1967, one the reasons of the dictatorial regime is phosphat, sea, etc natural resources selfishly exploited as result millions are poor and brutalised by dictators supported and promoted.
r_shanbhogue NobelPrize MIT Harvard Poverty is empoverishment. Millions and millions are ruined, exploited, deprived. The exploitation of Africa since centuries is the key reason why Africa and Africans are living symbols of all miseries and all poverties used as platforms of exhibition by some.
r_shanbhogue NobelPrize MIT Harvard 'Why some countries grow rich and some stay poor'. I don't think anyone need to be able to win Noble Prize in order to be able to provide some answers. Il looking the processes that have led to grow rich, you see the reasons why some have remained poor.
r_shanbhogue NobelPrize MIT Harvard Nice article
r_shanbhogue NobelPrize MIT Harvard What causes poverty? Bank cartels Central banks Fiat money infinite printing/quantitative easing
r_shanbhogue NobelPrize MIT Harvard
MIT Harvard r_shanbhogue 🤾