networkers. subscribing. coming up. a nobel prize. has been awarded the economics nobel for an experimental approach to economics. parents. told me. a i think that's very important that parents let kids discover what.

welcome. it's good to have you with us more than $700000000.00 people around the world survive on less than one us dollar 90 cents a day that's about the price of a cup of cappuccino the figure of one dollar 90 forms the international poverty line reducing the number of people living below it has been the aim of poverty reduction programs wild wide while poverty rates have reduced by half since 2000 a lot still needs to be done 3 economists have recently been lauded for their efforts to find out what works best economist. michael. s. to. have been jointly awarded the 29000 nobel prize in economics for a series of studies which sought to prove whether some widely held beliefs. well

borne out by experience like do extra school days lead to better educated students does subsidised medicine improve health among the poor i'll be asking what would you better do what that means in a moment but 1st years s have to flow on hoping but that's because that's what you like to do something and i think i'd like to live on it uncle made a lot of money thank you joy but speaking like it was government and enough. attention. that it's like surely we can make it in. joining me now on the line or would you ban a jury one of the other cool windows of this year's nobel prize for economics professor about is your 1st leap from one bandages to another congratulations to you and your colleagues on your joint when thank you. now you said at mit after you feel when i called i don't expect my life to change dramatically is that proven true. i still holding onto hope.

i don't want it to change dramatically and. i am trying to see if i can get there right now it has changed rather drastically it would say in terms of just the number of hours i have to sit and meditate or do research rather than. speak on t.v. or travel somewhere. that so far is a little bit of. a shock to the system do i sense a bit of regret that you won the nobel prize for economics no not in the least it's just a. i would much delighted to have this prize i wish i could somehow put the genie back in exactly the right size box and then keep my did i but not necessarily the time commitment that it's currently

implying let's talk about there's a war now that it's out of the box now you're no colleagues have been devoted for a quarter experimental approach to alleviating global poverty what approach is that when you explain it to lesser mortals such as myself so i think the way policy is often done is somebody thinks this must be a good idea that's often a reflection of some piece of the theoretical economic thinking here or to call political thinking. something that hasn't particularly had any and. grounding in you know the very specifics of reality and so you do policy this makes sense that the intuitive and then sadly half of those don't want any more than half of those don't work and then we

say that policy doesn't work. you know there's a general reaction against well it's impossible to do anything in fact we just are doing things badly we should be. trying to figure out not whether it was in our head but whether it was in people's lives and often we just miss facts of others about people's lives and therefore we get it wrong so i think the great great advantage of the. experiment of the pros is that if you want a policy to be tested you really tested using an experiment you give it just like a medical trial but on a vast scale to give it to 50000 people and not give 825-0000 people and you see it be 50000 people of the 600 villages that got the new policy if

they end up in any way different from the ones that didn't that's right and then basically that has advised to give you the pretty good lab a lot of profiles about it or you are born in india and spent a considerable part of your life there including in delhi and kolkata 2 cities i myself have ties to i wonder if your experiences in india shaped your view of how the problem of poverty should be tackled. well in one very specific way yes i mean i grew up. at the edge of a very large slum and and when you do that you learn learn a healthy respect for the the accu man the energy. the general willingness to do new things all the people who are very very poor and that there is not that they lack the sort

of some kind of core human capital to do that just that they would have education and money they don't have the time to sit and think pressure from all sides so you learn i think there i think one of the things i've been very influential in my life is never believe that poor people are interesting they are kind of like you know little robots will if you press a button that will that growing up among them playing with them you know every day everything that we give you that confidence. lastly provided an idiot now you're going to be held up as an example of success and someone to emulate in india particularly for many years to come in fact for ever i know from my own experiences growing up in there that there was always a constant warning or refrain from people around that if you don't study or go to

the best universities or don't have a future you're not going to be successful now you're certainly going to the best universities in india and the us what would you advise young people listening to our interview is success only got into it if you attend top educational institutes and not a fantastic student. no neither there or the things wouldn't in in in middle school was suddenly a very mean the office to her and i think that is very important that parents and kids discover what they're good at i mean there's this beautiful king of everybody into. the medical school and if you don't get into reality you go to a little less good medical school i think i think we need to find you know a more diverse package for the talented students talent is i think we're often end up with people who would have been amazing boy but. i really

think that one move things that. i think we didn't really we were really not encouraged to do is deviate from that we bought i think it's useful to deviate. over japan and you try to 90 nobel prize winner in economics joint economics thank you very much for speaking to us. how can religion be harnessed in the fight against climate change is it even possible that's an issue that did up who wanted to explore as part of its equal islam series it organized a dialogue with south asian religious and political leaders together with environmental activists in pakistan's largest city karachi as religion often plays a huge role in people's lives using religious narratives that support an eco friendly agenda could help raise awareness about climate change.

some of the charms was of the gathering let's listen to his introduction and to the voices he heard there. daughter will host a 2nd eco slum conference here in karachi pakistan the 1st meeting was held in jakarta indonesia last month and a 3rd meeting is planned in dhaka bangladesh sometime soon the aim of this conference is to highlight the global climate change problem buying gaging with local communities and in this case the muslim community and religious scholars and the aim is to highlight islam's eco friendly messages government offer shows religious scholars and civil society activists gather here to discuss a very serious problem yeah i think it's a very useful initiative because. we actually have bringing they're bringing together people using religion and many asking them to late participate in such a huge movement i think this way to use what i think is quite important to bring

religions together with the issue of climate change and environmental protection because religious leaders reach people on a certain way which maybe media and governments call on truly reach them so i think it's important to have this discussion and also to remind religions all sorts of religions that in their programs and in their believes the protection of the environment is has always been there and i think with their idea there are legions should come together because we can bring religions together what we can do is. we can bring together the followers of different religions. giving johns to you deserve different religions to talk about environmental changes security and safety all for human being and then what i mean is good but good

kicker down to the common people and so i think the governments in pakistan and other 3rd world countries like us. i have such issues that they have to deal with mostly to stay in power that they don't have time for for these things i feel that environment climate change as an issue can only effectively be dealt or addressed when the government and the society works to get this or that is the idea of the government and hopefully will work for the people to bring about real change. that was. listening to participants of the conference in. with images from hong kong often local election results came out in which the for democracy the result of their seats that you're watching. for.

80 percent of americans at some point and i live will experience hardship. on each.

room. booking travel now i'm a retired. beijing take notes democracy is the winning ticket and it gets a clear indorsement from the markets. stocks surged across asia as pro-democracy candidates are heading for a decisive win in local elections in hong kong. to see buys tiffany for $16000000000.00 u.s. dollars is a bling bling match made in heaven. reinstates internet access in the country the true damage to the economy caused by the protests and its violent suppression

becomes clear. this is business. as welcome markets across the region region got off to a good start into the week hong kong extraneous surged 1.5 percent following a big win for pro-democracy candidates in local elections shares got another boost on news that beijing offered an olive branch in the long running china u.s. try talks over the weekend beijing announced it would hike penalties on violations of intellectual property rights the ip issue has been a major sticking point for the u.s. in the talks an agreement on it is seen as key to the success of south korea is hosting a meeting of leaders president moon j in welcomed heads of governments of the southeast asian group to the summit it's being held to celebrate 30 years of cooperation between the un and sold.