"The public health of the developing world is the single issue of
greatest significance for humanity over the next half century. This
important book offers thoughtful analysis and practical ideas for
confronting and addressing this issue through research and
development of lifesaving vaccines."--Lawrence H. Summers,
President, Harvard University
"Michael Kremer and Rachel Glennerster have produced a work of
outstanding importance to the well-being of developing countries.
"There are five billion people in the poor world, many suffering
from debilitating or fatal diseases. The potential gains in
overcoming this human suffering from the development of effective
and cost-efficient vaccines are enormous. Yet the economic
purchasing power of the rich world favors the development of
vaccines and drugs for the rich world. "Strong Medicine" presents
workable incentives for research and development to respond more
powerfully to the human needs of poor people. Kremer and
Glennerster have produced results that deserve the attention of all
those who work in development and that chart a way forward for one
of the greatest issues of our time."--Nicholas Stern, Second
Permanent Secretary at HM Treasury in the United Kingdom, Visiting
Professor at the London School of Economics, and former Chief
Economist of the World Bank
""Strong Medicine" is full of insights that can make a real
difference to the morbid world in which we live. It combines
powerful analytical reasoning with practical insights and empirical
knowledge to explore a highly promising way of expanding incentives
for medicinal research. The possibility of making a significant
difference through a commitment to purchase effectivevaccines as
and when they are developed is thoroughly scrutinized in this
definitive investigation, for which we have reason to be
grateful."--Amartya Sen, Harvard University, Nobel Laureate in
Economic Sciences
"This important book, on how to design markets for drugs to
treat millions of diseased people in the developing world, has the
added advantage of being an interesting read. The authors convey
very well the intellectual excitement associated today with putting
mechanism design into practice. They take the reader, one step at a
time, through the various levels at which problems might arise and
then show how the design is meant to take care of these
problems."--Abhijit Banerjee, Massachusetts Institute of
Technology
"Michael Kremer is likely the most thoughtful advocate of an
exciting new approach for tackling the scourges of AIDS, malaria,
and other diseases that primarily afflict the populations of less
developed countries. In this book, he and Rachel Glennerster offer
by far the most complete discussion I have seen of why this
approach--one that would see authorities stimulate private efforts
to develop medical treatment by providing a guaranteed market for
them--should be adopted, and of how to deal with problems of
implementation and design."--Kenneth Sokoloff, University of
California, Los Angeles
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