Monday, December 29, 2008

Book Review - Creating a World Without Poverty

Creating a World Without Poverty - Muhammad Yunus: Many of us are aware of Muhammad Yunus' work in micro-finance bank in Bangladesh, that fetched him the Nobel prize. This book provides insights into his herculean efforts in making that Grameen Bank happen, the challenges he faced from financial businesses, goverments, world bodies, and how was able to overcome those and come out ahead. What was more interesting is his perspective on social businesses (that is, run as a business for the benefit of the society as a whole as opposed to money profits), and how they compare and contrast with profit-maximizing businesses, capitalism, non-profits or NGOs, social entrepreneurship and government. Great learning from a distinguished economist, sharing and spreading his knowledge.

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