The Nobel Prize
  • The Nobel prize is described as the worlds’ most prestigious prize in the Oxford Dictionary of Contemporary History.
  • Sitting inside the Grand Hall at the Nobel Institute, the Norwegian Nobel Committee announces the nominations in October every year, something looked at with great interest from politicians and journalists.
  • The awards are presented on 10th December, a date coinciding with Alfred Nobel’s death anniversary.

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How the Meaning of the Nobel Peace Prize Has Evolved

time.com

The nominations for the Peace Prize has gradually increased from the first year it was recorded in 1904, swelling from 22 to 376 in 2016.

Media coverage regarding the awards is also much bigger than before, resulting in an increased awareness of the prize.

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Esteemed Common Man

When Muhammad Yunus received the prize in 2006 for his micro-credit initiative to thousands of poor people which became Grameen Bank, many people thought the name of the prize winner was the name of the bank.

Humanitarian work by the common man was rewarded since the inception of the prize but is well-known now due to increased exposure and media coverage.

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  • As global warming and climate change came in the picture, something which was criticized by many committee members, as there was no such concept during the time of Alfred Nobel.
  • His ideology for the prize had the first criterion as ‘fraternity between nations’ which can be argued as fighting together to save the planet from whatever problem threatens it.
  • This is also an example of how the prize has stayed relevant over the years.

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