A Book Review by Danielle Noblet
Author Muhammed Yunus
Summary: Poverty has long been a devastating consequence of society. The way to construct a societal framework navigable to the masses, half of the world, has been of great debate in terms of how to go about it and even if people are worthy of such means. Dr. Muhammed Yunus creates a framework fully functional within a capitalistic structure to not only relieve poverty, but the problems caused by poverty. Challenging notions of lack of skill, creativity, and initiative for entrepreneurship, Grameen businesses rose first from Dr. Yunus’ observations in his home country of Bangladesh. There, poor citizens were constantly trying to survive, and in doing so employed creative and entrepreneurial skills in their work. In founding Grameen Bank, Dr. Yunus sought to create a financial institution which could serve microloans to support the entrepreneurial skills the poor already possessed.
From the success of this micro-lending business, the principles of social business developed. Social businesses have revolutionized the opportunities for the people of Bangladesh and those same principles have the potential to proliferate this success globally.
In My Opinion: This is a valuable catalyst for discussion regarding economic stability.
Who Should Read This Book: While economics is typically a dry and meaty subject, this offers a smoother read while informing minds along the spectrum of economic knowledge.
Other Points about This Book: The book offers a comprehensive analysis of potential issues integrating social business principles into the world market and insight into how they can be overcome. Initiatives individuals can take to empower their peers directly are also discussed.
For more information you can visit: http://www.muhammadyunus.org/
Danielle is the Social Media Administrator at Information Press and has always thrived on the new ideas springing from the world around her. She is forever thankful to her parents for encouraging her to pursue an education and to think for herself.