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Michael Kremer is a non-resident fellow at the Center for Global Development, the University Professor in Economics and Director of the Development Innovation Lab at the University of Chicago, a senior fellow at the Brookings Institution, and a 2019 co-recipient of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. He is a fellow of the American Academy of Arts and Sciences, a recipient of a MacArthur Fellowship and a Presidential Faculty Fellowship, and was named a young global leader by the World Economic Forum. Kremer’s recent research examines education and health in developing countries, immigration, and globalization. He and Rachel Glennerster published Strong Medicine: Creating Incentives for Pharmaceutical Research on Neglected Diseases, which won the Association of American Publishers Award for the Best Professional/Scholarly Book in Medical Science in 2004. He is a 2005 recipient of the International Health Economics Association’s Kenneth J. Arrow Award for best paper in health economics. In 2006, Scientific American named him one of the 50 researchers of the year.
As the Cote d’Ivoire standoff moves into Day Ten, pressure is mounting on Laurent Gbagbo who lost the election to Alassane Ouattara but refuses to stand down. The African Union and ECOWAS have suspended the country, and the United States and Europe have each threatened Gbagbo with financial sanctions, asset freezes, and travel bans unless he relents.
As cash becomes scarce and the junta more desperate, Gbagbo and his inner circle might try to quickly borrow money or start a fire sale. This would not only provide fuel for potential conflict, but also saddle the Ouattara government with new debts once they get in the seat. One additional way of squeezing Gbagbo and avoiding this outcome is contract sanctions, as proposed in the recent report of CGD’s Prevention of Odious Debt Working Group led by John Williamson, Michael Kremer, and Seema Jayachandran.
As leaders from the world's most powerful nations prepare to gather in St. Petersburg, Russia, this weekend, observers with even a modicum of memory could be forgiven for wondering whether the leaders suffer from Attention Deficit Disorder. After all, it was only one year ago that G-8 leaders met in Gleneagles, Scotland, and--against the background of a massive popular anti-poverty campaign--agreed to do more to reduce global poverty. Learn More