The Nobel Prize in Economic Sciences, awarded annually since 1969, is not merely an accolade for academic excellence but a potent tool for policy brokerage. By recognizing and amplifying groundbreaking economic theories and empirical research, the prize serves as a bridge between academia and policymakers, influencing global economic governance. From institutional economics (Acemoglu, Johnson, Robinson) and behavioral insights (Thaler) to market design (Roth, Shapley) and climate economics (Nordhaus), laureates have provided actionable frameworks addressing pressing societal challenges. These awards elevate niche economic paradigms into global consciousness, shaping policy agendas on issues like poverty alleviation (Banerjee, Duflo, Kremer), labor markets (Card, Goldin), and financial stability (Bernanke, Diamond, Dybvig). Furthermore, the prize catalyzes interdisciplinary discourse, as seen in Elinor Ostrom’s pioneering work on governance of commons. Through strategic dissemination of ideas, the Nobel Committee not only validates intellectual contributions but also directs their application toward real-world solutions, underscoring the prize's role as a key intermediary in policy formation. This analysis situates the Nobel Prize in Economics as a mechanism for translating theoretical innovations into pragmatic tools for socioeconomic development, reinforcing its stature as a cornerstone in the architecture of policy brokerage.

Conventional economic models are under scrutiny for driving environmental overshoot while undermining the economy’s social foundations. Diminishing confidence in national and global institutions to deliver change has led to calls for economic decision-making to better reflect the knowledge and experience of citizens and give them greater influence over their own economic well-being. There are different arenas through which citizen engagement in economic governance can take place. One is through protest and resistance, which has been effective at blocking undesirable outcomes and envisioning alternative futures, but is less adequate for problem solving and solution generation. A second is through inviting citizen participation in deliberative decision-making, such as through deliberative trade policy fora, although the effectiveness of such arrangements is debated. One key critique is that they marginalise dissent and gloss over power asymmetries. A third arena is created bottom up, including through community development banks, worker- or community-owned enterprises or local trading schemes, where citizens engage in local economic governance on their own terms, and from this foundation seek influence in decision-making arenas controlled by others. This paper uses process tracing to analyse two such cases of grassroots efforts towards more democratic and deliberative economic governance. The findings identify elements of deliberative-participatory arrangements that are able to counter power asymmetries, even as some outcomes remain constrained by systemic factors. Within these arrangements, efforts to foster collective action and reshape relationships with the material world were foundational. This human-material interaction, which appears to be central in these cases of economic governance, does not emerge in the same way in studies of deliberative democracy in the civic or political sphere. 

La pauvreté, l’un des problèmes cruciaux du monde contemporain, est au cœur des préoccupations des États et des acteurs du développement. Le financement sociale et solidaire est considéré comme une mesure stratégique de lutte contre la pauvreté multidimensionnelle. Afin de mieux comprendre comment le financement sociale et solidaire peut contribuer à une amélioration du bien-être des pauvres, nous avons évalué l’impact du microcrédit sur la pauvreté multidimensionnelle au Burkina Faso sur la période 2021-2022. L’objectif principal de cette étude est de mieux comprendre la relation entre le microcrédit et la satisfaction des besoins humains tels que la santé, l’éducation, le cadre de vie et de revenu en mettant l’accent sur l’impact rôle social et particulièrement sa capacité à renforcer les liens de solidarité et d’entraide au sein des communautés.

Cette étude utilise des données de l'enquête harmonisée sur les conditions de vie des ménages réalisée par l’institut national de la statistique et de la démographie du Burkina Faso courant l’année 2021-2022. Nous avons identifié tous les bénéficiaires de microcrédit pour constituer notre base de données et ils sont au nombre de 82. La pauvreté étant perçue comme un phénomène multidimensionnel, nous avons construit un indicateur de pauvreté multidimensionnelle qui regroupe les dimensions de bien-être comme l’éducation, la santé, la condition de vie et le revenu en utilisant l’analyse factorielle de données mixte. Enfin, nous utilisons la régression logistique multinomiale ordonnée pour apprécier l’impact du microcrédit sur la pauvreté multidimensionnelle des bénéficiaires.

Les principales conclusions montrent que, le microcrédit par son rôle social permet à certaines personnes pauvres exclues du système financier traditionnel de réduire leur pauvreté multidimensionnelle. En effet, le microcrédit permet d’avoir un revenu, d'améliorer la nutrition, d’améliorer leur état de santé, et d’envoyer leurs enfants à l’école.

Africa has been the focal point of development strategies for decades, however, it has not experienced the same growth as other regions those strategies have been pulled from.

The ideal development strategy for African countries is removing the idea of a blanket strategy and collaborating with African countries to establish strong institutions that enable them to adapt existing developing strategies to their local contexts. This is because precedence from examining the development strategies of other regions have shown that the most effective development policies are adapted to fit the local context of the country the will be implemented in. This postulation, backed by the global implications of Ikenberry's three world system (that suggests a new international order with the global East and global South being essential), implies that the future of development of the African continent hinges on the international community accepting and enabling the agency of African countries to decide the steps they need to take in order to develop.