With a pandemic underway, the daunting outlook of economic contraction on the horizon and rampant climate change, the world is facing hard times.
What can economics teach us about recovery, asks Professor Abhijit Banerjee, Nobel laureate and co-founder of the Abdul Latif Jameel Poverty Action Lab (J-PAL) based at UCT.
Speaking at the University of Cape Town (UCT) vice-chancellor’s open lecture series, Prof Banerjee highlights the main lessons:We need to start by providing comprehensive and generous social protectionThe age-old myth that providing financial support to the poor leads to laziness needs to be dispelled. Ample economic evidence from around the world […]
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