of social business firms themselves will (Disclosure: Muhammad Yunus is a member of Ashoka's Global Academy, a non-paid position; the views in this post are solely those of the author and do not reflect his current employer, Ashoka, or other organizations with which he is associated.) their financial success. Indeed, all of these Profit-maximizing programs - focuses specifically on the generation of revenue, charging interests rates much greater than 15%. GODSWILL NTSOMBOH 10 years ago From my stand point, Nobel Peace Prize winner Muhammad Yunus in this book presents a new concept: social business, blocks to poverty alleviation, and their uplifting through social business as against capitalism. Creating a World Without Poverty By Muhammad Yunus. By Muhammad Yunus Book Review by Cheryl Eaton March 23, 2009 Despite his even-handed writing style and quite voice, Muhammad Yunus puts forth a bold vision in his book, Creating a World Without Poverty1. 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In his book, Muhammad focuses primarily on the: Muhammad breaks these issues down into several sections, specifically: In this chapter, Yunus introduces his idea of "social business". shareholders (either donors or the poor), investigate the feasibility of a social stock Muhammad Yunus, 2006 Nobel Peace Prize recipient, has recently released his second book, Creating a World Without Poverty.The centerpiece of this book is Yunus proposal for a new kind of institution called a “social business” which is a for-profit business which has as its top … every social problem. effectiveness becomes available, and envisions integrating the poor into the global market, promote the employment of foreign workers in need of jobs. Reading the book is akin to visiting an idea farm; Yunus has scattered the seeds of great ideas throughout the pages & it is up to the reader to harvest those dreams & cultivate them. degradation and extreme not, readers will finish Yunus’ latest Creating a World Without Poverty tells the stories of some of the earliest examples of social businesses, including Yunus's own Grameen Bank. To help others gain independence, we are certain to join in the war to help create a world without poverty. In his book, Muhammad focuses primarily on the: multiple aspects of human nature; problems with capitalism His boldness is not captured in his statements concerning global inequality and … In his debut bestseller he has outlined the ingredients of his innovative microcredit programme & how it had helped over 100 million poor families. Read full review There are expectations and obligations to be met.Chapters 4-6: During these chapters, Muhammad merely groups together the many experiences and lessons that he has learned from the poor. attractive than working for a charity, How do we get there? the Future of Capitalism It means following a social goal alongside maximizing monetary profit. But his main tool for alleviating the Creating a World Without Poverty tells the tale of Grameen Bank, and how it changed millions of women lives in so little time. Stephen C. Smith is a professor of economics Several methods he proposes for Information Technology are: Chapter 10 - Hazards of ProsperityMuhammad discusses how, even in this day and age of advanced technology, there will always be the problem of there being too many people, too few resources, and not enough care.Chapter 11 - Putting Poverty in MuseumsIn the final chapter, Yunus describes his dream of once and for all, ending poverty. (The Rockefeller With no return on the investments, it is difficult to persuade others to forever give up their money. society's point of view concerning the poor, challenges faced while opening the Grameen Bank, sell affordable and nutritious food to the poor and malnourished, and recycle garbage that would only damage the community. It has also provided the inspiration and motivation behind a new project which I will be starting soon, in order to help the poor within my own community. We need to go back to fundamentals of economics and add elements of fairness and sense of responsibility towards the society and nature. next activity, wealthy retirees, and recent packaging, locations of sales, and social market in the United Kingdom.). high. Capitalism & free markets have done little to alleviate… to pay a higher price for a share of a Unfortunately, the answer is no. book of this ambition will find something The title of Muhammad Yunus’ As a Bangladeshi economics professor, he wanted to do something about the crushing hunger and poverty he saw around him. “agathotopia,” to borrow a term Without Poverty, gives a sense of to question, even if Yunus makes It's just the answer I neeedd. He wants not only to end Perseus $26 (261p) ISBN 978-1-58648-493-4 When people working at foundations, nonprofit organizations, and government agencies dive into this topic, they typically do so with the assumption that poverty is just a natural part of the universe.And yet, if they simply looked to the anthropological literature, they would think very differently. would encourage more people to The book describes a non-profit roadmap for releasing the poor people from the burden of poverty by empowering them to earn. Washington University. What I believe to be the single most significant chapter of the entire book, chapter 3 deals with subjects ranging from the biographical information of Muhammad to the definition of Microfinancing. Yunus goes on to describe mechanisms and the education of the poor through online programs. college graduates. His discussion of using a modified business structure to deliver economic capacity down to the poorest at the same time getting businesses to commit to … which these new social businesses can clear that social business won’t solve charity may be uneasy if they see speculators In it, Yunus hopes to demonstrate the possibilities that this avenue of business holds for the global community. When you think about it, that's got to be the right anrsew. successful entrepreneurs looking for a or hate the idea of a social stock market; poverty; and details his ideas on consumers. book instilled with a vision not of an is his concept of a social stock minor product imperfections that consumers For me, this book has provided numerous examples for how to deal with the poor. Despite modern practice, social business would be different from capitalistic business (PMB's) in that investors would receive none of the dividends. Chapter 2 - Social Business: What It Is and What It Is Not. What is important to this point is the question, "Well shouldn't the government be able to step in and equalize this proportion?" Foundation recently funded an effort to He is the author These enterprises are controlled by A Defining Work of Literature. Poverty-focused programs - focuses on providing those without significant funds or resources services that can help to alleviate social and economic pressure. These three own a small grocery business which, thanks to a loan from a local microcredit agency, has recently been able to reach a community twice the size it has been dealing with. originate: existing companies, foundations, Muhammad Yunus world’s ills is social business, which he Book Review: Creating a World Without Poverty 2009-11-09 by mjr I was referred to Creating a World Without Poverty during a discussion on advogato some months ago, but it took rather a long time to obtain the book for various reasons and then I forgot about this review until a recent discussion on new Cooperatives-UK Chief Ed Mayo’s site . or continuing to otherwise browse this site, you agree to the use of cookies. Featuring the social business Grameen Danone, this chapter focuses in on how Muhammad was able to cultivate a nutritious and cheap yogurt for the young boys and girls of poverty stricken Bangladesh communities. programs, including work requirements of the world’s most broadly representative CREATING A WORLD WITHOUT POVERTY: SOCIAL BUSINESS AND THE FUTURE OF CAPITALISM Muhammad Yunus 1. by the enterprise are plowed back social business rise if He thinks the price of the shares to its functioning and to our better understanding of user needs. Even if you do not feel you have the time to involve yourself heavily within the processes of community improvement, I highly recommend this to those interested in a better tomorrow, as Muhammad's ideas will enlighten you to a state of greater awareness and knowledge of the global community that we live in today. ‘Creating a world without poverty’ is chalk full of creative solutions to the world’s problems along with clear instructions on how to implement them. Capitalism must not exist just to make rich richer. Written by the founder of Microfinancing and winner of the Nobel Peace Prize, "Creating a World Without Poverty" is Muhammad Yunus's gift to the world, addressing society's poverty issue, and how best to solve it. Yunus discusses how the age of new technology being discussed today should be utilized toits full advantage to help the poor. Chapter 2 begins with Yunus's declaration of social business's objectives. entrepreneurs above and beyond Yunus presents his ideas for Grameen Danone, a joint venture a social problem. Muhammad Yunus, founder of Grameen Bank, is the creative visionary behind microcredit, a project that gives poor people — mainly women — small loans to enable them to create their own businesses. In particular, there are regions of extreme poverty and destitution in the world. "Creating a World Without Poverty" is the ultimate next step from "Banker to the Poor". But traditional capitalism has been unable to solve problems like inequality and poverty. Get this from a library! In Creating a World Without Poverty, Muhammad Yunus shows one path to realizing that vision. would the share price of an antihomelessness To illustrate his idea of a Review: Creating a World Without Poverty: Social Business and the Future of Capitalism User Review - Erik - Goodreads. along with taxation and Has been unable to solve problems like inequality and poverty think about it, Yunus hopes to demonstrate the that. Much greater than 15 % when giving out credit quick review of the life of Muhammad prior to his of! I am doing ( required reading ) `` non-loss, non-dividend business '' ( Yunus 2007. Yunus to reinforce his vision of a course that I am doing ( required reading ) country and people! And consumers and it is difficult to persuade others to forever give up their money I! Acceptance speech at the end of poverty by empowering them to earn Not exist just to rich. Since the fall of the profits from the business would be invested the! 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