Articles

Bangladesh and Its Giant Neighbors

Last Updated : 17th January, 2015

By Muhammad Yunus Stable infrastructure, good governance and reduced corruption could help Bangladesh lift itself out of poverty. In this Globalist Bookshelf feature from Creating a World Without Poverty, Muhammad Yunus examines the importance of Bangladesh's geographic location and explores how the country could become a global mega-port. Bangladesh is a lucky country. It can easily create a dynamic economy by exploiting its attractive geographical location, flanked by two giant, rapidly grow...

We are not job-seekers, we are job-givers

Last Updated : 17th January, 2015

Turning unemployment into entrepreneurship Muhammad Yunus Grameen Bank started out with a tiny initiative in the village of Jobra in 1976. In 1983 it became a formal bank. Now in 2014 it has over 8.5 million borrowers. Right from the beginning we paid attention to two things: (1) Borrowers build the habit of savings by putting money every week in a savings account. We encouraged them never to give up this habit; (2) Borrowers should send their children to school. We paid highest attention to t...

Social Business and the Pursuit of Happiness

Last Updated : 10th June, 2015

The global capitalist system today is driven by the notion that people are selfish and are solely motivated by the need for profit maximization. It makes the assumption that if each individual person pursues that goal, then the world overall will be a better place. We have seen that is not true. Neither are people all happier through maximizing profits, nor are the problems of the world solved. Many would argue that the problems of the world are in some cases made more acute by the single minded...

Women at the center of our economic activity

Last Updated : 10th June, 2015

In the past 60 years or so, we have seen capitalism reach its peak. We have seen the socialist economies fall away and move rapidly toward capitalism. This has undoubtedly brought unprecedented wealth and prosperity in many parts of the world and to many people. At the same time, millions — if not billions — have been left behind. We have seen the deep financial crises grip the world economy since 2008, and we have seen huge numbers of people becoming unemployed even in the so-calle...

The Problem of Poverty in Bangladesh

Last Updated : 10th June, 2015

Ever since its founding, Bangladesh has been known as one of the world's poorest countries. There has been an ongoing battle against challenging living conditions overcrowding, floods, deforestation, erosion, soil depletion and natural calamities. As Grameen Bank founder and Noble Prize winner Muhammad Yunus argues, solutions are available provided we are willing to entertain fresh thinking about poverty and its remedies. I don't think we can blame fate, nature or God for our troubles. The real...

Redesigning Economics to Redesign the World

Last Updated : 16th August, 2015

  Redesigning Economics to Redesign the World Muhammad Yunus Will the present economic system be able to establish appropriate level of moral, social, and material balance in the world? I don't think it can. The present system is like an impersonal sucking machine which thrives on continuously sucking juice from the bottom to the top. The higher you are in the system, the more juice you are able to suck. It is not because bad people are running the machine; just that the machine is bui...

How Legal Steps Can Help to Pave the Way to Ending Poverty

Last Updated : 29th August, 2016

How Legal Steps Can Help to Pave the Way to Ending Poverty By Muhammad Yunus Dr. Muhammad Yunus is founder and managing director of Grameen Bank in Dhaka, Bangladesh. He is the 2006 Nobel Peace Laureate (shared with Grameen Bank). There is no better time for a serious discussion of how the law and lawyers can enable the poor to help themselves—throughout the world, and especially in the United States. Right now, highly regulated banks in the developed world (many of ...

After the Savar Tragedy, Time for an International Minimum Wage

Last Updated : 30th August, 2016

Published on: theguardianDate: 12 May 2013 For Bangladeshis, the tragedy at the garment factory in Savar is a symbol of our failure as a nation. The crack that caused the collapse of the building has shown us that if we don't face up to the cracks in our own systems, we as a nation will get lost in the debris. Today, the souls of those who lost their lives in Rana Plaza are watching what we are doing and listening to what we say. The last breath of those souls surrounds us. Did we le...

Paris Has to End with a Firm Decision

Last Updated : 10th October, 2016

Author- Professor Muhammad YunusPublished on- The Huffington PostDate- December 3, 2015 The global average surface temperature in 2015 is likely to be the warmest on record and to reach the symbolic and significant milestone of 1° Celsius above the pre-industrial era, according to the World Meteorological Organization (WMO). The warning comes ahead of landmark climate talks in Paris taking place now, when world leaders are expected to agree on measures to stop temperatures rising beyon...

The New BRICS Bank Should Be Green and Focus on Poverty

Last Updated : 10th October, 2016

Author- Professor Muhammad Yunus Published on- The World Post Date- July 8, 2015 At their annual summit in Russia in July this week, BRICS (Brazil, Russia, India, China, South Africa) leaders will announce the world’s newest multilateral development bank — the New Development Bank — which will have U.S. $100 billion as initial capital to fund infrastructure and sustainable development projects both in their own countries as well as elsewhere. Obviously, the NDB should no...

Seeding Happiness: Two Years of Social Business in Albania

Last Updated : 10th October, 2016

Author- Professor Muhammad Yunus Published on- The Huffington Post Date- December 9, 2014 A few months ago I wrote about young people setting up small businesses in Bangladesh, and how we are helping them. We have learned a lot so far and we have planted many exciting seeds. Today, I would like to tell you more about the same efforts of planting seeds in Albania, where we are helping entrepreneurs develop their social businesses. Albania is a small country on the Mediterranean Sea, across...

Using a Business Approach to Plant Trees and Create Jobs for Haitian Farmers

Last Updated : 10th October, 2016

Author- Professor Muhammad Yunus & Saskia Bruysten Published on- The Huffington Post (US) Date- June 24, 2014 Our society tends to think about business as the enemy of the environment and of trees. It’s no wonder, given the things businesses have done. It’s very easy to blame them for all the things wrong with the world. It happens because most of the time we use business to make as much money as we can, forgetting about the damages they do to the planet and to people. Howe...

"We Are Not Job-Seekers, We Are Job-Creators"-- Turning Unemployment into Entrepreneurship

Last Updated : 10th October, 2016

Author- Professor Muhammad Yunus Published on- The Huffington Post (US) Date- May 26, 2014 Since I launched the idea of microcredit in 1976, I have created many other businesses to help poor people help themselves. These experiences were summed up in the concept of social business, problem-solving companies without taking personal dividends beyond the investment money — a new form of capitalism designed to solve social problem around the world. Application of social business concep...

Why Businesses Need to Reshape Society

Last Updated : 10th October, 2016

Author- Professor Muhammad Yunus Published on- The Huffington Post (US) Date- November 15, 2013 The current economic and financial crisis makes it very clear that the system that we have is not sustainable, and thus it is the right time for us to change the ways we do business and build them in a new way. By simply capitalizing on core strengths and knowledge, companies and entrepreneurs can engage in an emerging business model that will enable them to create - and demonstrate - real, su...

Social Business and the Pursuit of Happiness

Last Updated : 10th October, 2016

Author- Professor Muhammad Yunus Published on- The Huffington Post (US) Date- November 10, 2013 The global capitalist system today is driven by the notion that people are selfish and are solely motivated by the need for profit maximization. It makes the assumption that if each individual person pursues that goal, then the world overall will be a better place. We have seen that is not true. Neither are people all happier through maximizing profits, nor are the problems of the world solved....

Page 1 of 2, showing 15 records out of 26 total