World Bank Embraces Experimental Economics

The World Bank’s appointment of Michael Kremer as chief economist suggests it may prioritize randomized trials, innovation‑driven interventions, and research‑led funding decisions in development policy. That could change which projects get financed (favoring evidenceable, experiment‑verified programs) and how global health and innovation investments are evaluated. — If true, this would shift World Bank priorities and funding criteria worldwide, affecting development programs, health interventions, and the global research funding ecosystem.