"A study by the prize winners in economics significantly improved our ability to fight poverty. In only two decades, their new approach has transformed the development of the economy, which is now a broad field for research," the Nobel Prize organizing committee said in a statement.
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Duflo and Banerjee represent the Massachusetts Institute of Technology (USA), Kremer – Harvard University (USA).
In addition, Esther Duflo 1972 became the second woman and the youngest scientist to receive the Nobel Prize in economics.