Michael Kremer
Traditional economic theories failed to explain or solve global poverty, but a new experimental approach is changing how the world fights underdevelopment.
Complex production processes require all tasks to be performed proficiently, explaining why skilled workers cluster together and leave developing nations caught in poverty traps.
Randomized controlled trials allow researchers to measure the actual causal impact of specific development programs rather than relying on unproven theories.
Charging even tiny fees for preventive health products like deworming pills drastically reduces participation and eliminates the community-wide benefits of disease eradication.