Lessons we can learn from works of Nobel laureates

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NSTletters: For instance, while we talk about Industrial Revolution 4.0, they are Malaysians unable to reap the benefits of Industrial Revolutions 1.0, 2.0 or 3.0.

While addressing poverty is not new, it is the method that they developed, that is, an experimental approach based on how people behave in real life, which can improve the lives of the worst-off in the world, said the Nobel committee

The Nobel recipients have discovered that a more effective policy intervention for improving child health or educational outcomes would be a targeted strategy, where the policy or programme targets the weakest pupils. So, it is time to take heed of the findings of the laureates and find ways to address market failure and government inefficiencies.

Being poor should not be seen on how much money or little money or assets someone has, as being poor should also be seen in terms of knowledge, courtesy,And similar to inequality, it cannot be seen from just an income point of view.

 

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