Speaker Series with Michael Kremer
A conversation on investing in innovation for development
This event is open to:
On January 24, the Stanford King Center on Global Development held a Speaker Series with Michael Kremer, Gates Professor of Developing Societies in the department of economics, Harvard University, who discussed investing in innovation for development. The discussion was moderated by Nicholas Bloom.
Michael Kremer
Michael Kremer is the Gates Professor of Developing Societies in the Department of Economics at Harvard University. 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, health, water, and agriculture in developing countries. He has been named as one of Scientific American’s 50 researchers of the year, and has won awards for his work on health economics, agricultural economics, and on Latin America. He helped develop the advance market commitment (AMC) for vaccines to stimulate private investment in vaccine research and the distribution of vaccines for diseases in the developing world. In the fall of 2010 he became the founding Scientific Director of Development Innovation Ventures (DIV) at USAID. Kremer received his PhD in Economics from Harvard University.
Donors are increasingly supporting innovation for development through scientific and technological research and development, randomized controlled trials, and impact investing. However, it remains difficult to know which efforts can be scaled in such a way to make significant real-world impact. Kremer will discuss what types of innovations are likely to scale and how the social rate of return to investments in innovation compares to standard development investments.
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