Michael Kremer
Discover how development economics explains persistent poverty through coordination failures, poverty traps, and experimental evidence, showing how targeted interventions and market design can shift outcomes.
The experimental method isolates causal impacts and tests behavioral models, helping policymakers refine anti-poverty interventions.
Poverty traps occur when a lack of resources prevents individuals or societies from seizing economic opportunities, so targeted capital support, especially when paired with temporary assistance, can raise long-term living standards.
Even small user fees can sharply reduce the adoption of effective preventative health measures, suggesting that these interventions may require free public provision or ongoing subsidies to combat infectious diseases.