Economics Nobel Prize winners are J-PAL co-founders

Esther Duflo and Abhijit Banerjee
Updated 21 October 2019

Economics Nobel Prize winners are J-PAL co-founders

On Oct. 14, the Nobel Prize for Economics was awarded to Esther Duflo, Abhijit Banerjee and Michael Kremer for their experimental approach to alleviating global poverty. Duflo and Banerjee are two of the cofounders and co-directors of the Abdul Latif Jameel Poverty Action Lab (J-PAL). Kremer is one of J-PAL’s original affiliated researchers. Duflo is the youngest winner of the prize, and only the second woman to receive the award.
Community Jameel, a global philanthropy, has been partnering with and supporting J-PAL since 2005. J-PAL aims to tackle the root causes of poverty through evidence-based assessment, including issues related to health, education, youth employment, and financial inclusion.
To-date, J-PAL has touched the lives of over 400 million people, with a staff of over 400 people in seven offices and over 180 affiliated researchers.
Mohammed Jameel KBE, founder of Community Jameel, said: “The Nobel Prize is a fitting recognition of the achievements of all three winners in applying development economics to alleviate poverty worldwide. Their approach has transformed the way governments, philanthropies, corporations and NGOs strive to build a better world. J-PAL seeks to answer a simple question: What works in fighting poverty? We are delighted that Community Jameel, through J-PAL, has been part of Esther and Abhijit’s mission to find the solution.”

FASTFACT

To-date, J-PAL has touched the lives of over 400 million people, with a staff of over 400 people in seven offices and over 180 affiliated researchers. 

At a press conference at the Massachusetts Institute of Technology (MIT), Duflo, the Abdul Latif Jameel professor of poverty alleviation and development economics in the Department of Economics at MIT, said: “Mohammed Jameel, who is the third person whom we really want to acknowledge in the birth of J-PAL, Mohammed Jameel who saw in us, maybe a little bit like Bengt (Bengt Holmström, influential MIT economist who won the prize in 2016), and maybe for the same reason, that he has business acumen that none of us really had. He saw in us, and in our project, something that could make a difference, and decided to risk his reputation and his money, behind that. This would have never have happened without the ecosystem and his vision and commitment for the world’s poor, which was apparent then, and [is] still important today.”


Positive social impact of COVID-19 in KSA: Survey

Updated 12 August 2020

Positive social impact of COVID-19 in KSA: Survey

A survey commissioned by Al-Aghar Group, an independent Saudi think tank, in partnership with global management consultancy Kearney, has revealed that most thought leaders and decision-makers in the Kingdom anticipate that COVID-19 will be a positive accelerant of the transformation already underway in the Kingdom. The survey focused specifically on the social impact of the COVID-19 crisis on the Kingdom through 2025.

Respondents believed that COVID-19 is accelerating the advent of the “future of work” in the Kingdom and more than 65 percent see this as fundamentally positive. About 69 percent see the growing need for the retraining of employees as positive, spurring national adaptation to the new normal. However, the survey also revealed some concerns regarding the security of formal employment and self-employment, with 37 percent seeing the effect of the crisis as negative.

Most survey respondents (70 percent) expect education in the Kingdom to undergo a positive transformation with the adoption of new, innovative, and inclusive modes of learning.

Seventy-eight percent of the respondents believe that the impact of the pandemic on the health care in the Kingdom through 2025 will be highly beneficial.

Fifty-eight percent of respondents believe there will be a wide adoption of telemedicine services in the Kingdom in the near future, as patients gain greater comfort and confidence in this method of consultation with their health providers.

Most respondents believe the health crisis has accelerated the process of digital transformation in the country, particularly in the finance and retail sectors. Seventy-five percent of respondents see the anticipated wider prevalence of e-commerce as positive, and 89 percent see as positive increasing use of cashless payments for face-to-face transactions by 2025.

By 2025, 78 percent of respondents expect that COVID-19 will lead to a significant and welcome (83 percent) step change in government preparedness for future crises. Meanwhile, 68 percent of respondents anticipate a significant impact on government information-sharing and 65 percent anticipate a moderate, but positive change in the willingness of citizens to contribute toward government efforts.

Prince Faisal bin Abdullah bin Mohammed Al-Saud, chairman, Al-Aghar Group, said: “Saudi Arabia has a proud history of resilience and has thrived even in the most challenging situations. While this pandemic has severely affected us all, the survey results confirm the depth of our intention to use this current situation to accelerate our national progress.”

Rudolph Lohmeyer, partner and head of National Transformations Institute at Kearney Middle East, said: “The survey results clearly reveal the deep, optimistic resilience of the Saudi people and their implicit commitment to the Kingdom’s national transformation. Despite the near-term hardships caused by the crisis, respondents anticipate that the most significant medium-term impacts will be positive.”