Creating a world without poverty : social business and the future of capitalism

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Title:

Creating a world without poverty : social business and the future of capitalism

Author:

Yunus, Muhammad, 1940-

ISBN:

9781586484934

Edition:

1st ed.

Publication Information:

New York : PublicAffairs, c2007.

Physical Description:

xvii, 261 p., [8] p. of plates : ill. ; 25 cm.

General Note:

Includes index.

Contents:

Prologue : starting with a handshake -- The promise of social business -- A new kind of business -- Social business : what it is and what it is not -- The Grameen experiment -- The microcredit revolution -- From microcredit to social business -- The battle against poverty : Bangladesh and beyond -- God is in the details -- One cup of yogurt a a time -- A world without poverty -- Broadening the marketplace -- Information technology, globalization, and a transformed world -- Hazards of prosperity -- Putting poverty in museums -- Epilogue: "Poverty is a threat to peace"--the nobel prize lecture.

Subject Term:

Social responsibility of business.

Industries -- Social aspects.

Poverty -- Prevention.

Added Author:

Weber, Karl.

Summary:

The winner of the Nobel Peace Prize outlines his vision for a new business model that combines the power of free markets with the quest for a more humane world--and he tells the inspiring stories of companies that are doing this work today. In the last two decades, free markets have swept the globe, bringing with them enormous potential for positive change. But traditional capitalism cannot solve problems like inequality and poverty, because it is hampered by a narrow view of human nature in which people are one-dimensional beings concerned only with profit. In fact, human beings have many other drives and passions, including the spiritual, the social, and the altruistic. Welcome to the world of social business, where the creative vision of the entrepreneur is applied to today's most serious problems: feeding the poor, housing the homeless, healing the sick, and protecting the planet.--From publisher description.

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Library	Call Number	Status
Searching... R.H. Stafford Library (Woodbury)	338.7 YUN	Searching... Unknown

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Summary

In the last two decades, free markets have swept the globe, bringing with them enormous potential for positive change. But traditional capitalism cannot solve problems like inequality and poverty, because it is hampered by a narrow view of human nature in which people are one-dimensional beings concerned only with profit. In fact, human beings have many other drives and passions, including the spiritual, the social, and the altruistic. Welcome to the world of social business, where the creative vision of the entrepreneur is applied to today's most serious problems: feeding the poor, housing the homeless, healing the sick, and protecting the planet. 'Creating a World Without Poverty' tells the stories of some of the earliest examples of social businesses, including Yunus's own Grameen Bank. It reveals the next phase in a hopeful economic and social revolution that is already under way--and in the worldwide effort to eliminate poverty by unleashing the productive energy of every human being.

Author Notes

Muhammad Yunus , a native of Bangladesh, was educated at Dhaka University and was awarded a Fulbright scholarship to study economics at Vanderbilt University. In 1972 he became head of the economics department at Chittagong University. He is the founder and managing director of Grameen Bank, a pioneer of microcredit, an economic movement that has helped lift millions of families around the world out of poverty. Yunus and Grameen Bank are winners of the 2006 Nobel Peace Prize.

Reviews (1)

Publisher's Weekly Review

Economics professor Yunus claims he "originally became involved in the poverty issue not as a policy-maker, scholar, or researcher, but because poverty was all around me." With these words he stopped teaching "elegant theories" and began lending small amounts of money, $40 or less, without collateral, to the poorest women in the world. Thirty-three years later, the Grameen Bank has helped seven million people live better lives building businesses to serve the poor. The bank is solidly profitable, with a 98.6 percent repayment rate. It inspired the micro-credit movement, which has helped 100 million of the poorest people in the world escape poverty and earned Yunus (Banker to the Poor) a Nobel Peace prize. This volume efficiently recounts the story of microcredit, then discusses "Social Business," organizations designed to help people while turning profits. French food giant Danone's partnership to market yogurt in Bangladesh is described in detail, along with 25 other businesses that operate under the Grameen banner. Infused with entrepreneurial spirit and the excitement of a worthy challenge, this book is the opposite of pessimistic recitals of intractable poverty's horrors. (Jan.) (c) Copyright PWxyz, LLC. All rights reserved

Prologue: Starting with a Handshake	p. ix
Part I The Promise of Social Business
1 A New Kind of Business	p. 3
2 Social Business: What It Is and What It Is Not	p. 21
Part II The Grameen Experiment
3 The Microcredit Revolution	p. 43
4 From Microcredit to Social Business	p. 77
5 The Battle against Poverty: Bangladesh and Beyond	p. 103
6 God Is in the Details	p. 129
7 One Cup of Yogurt at a Time	p. 149
Part III A World Without Poverty
8 Broadening the Marketplace	p. 165
9 Information Technology, Globalization, and a Transformed World	p. 187
10 Hazards of Prosperity	p. 203
11 Putting Poverty in Museums	p. 223
Epilogue: "Poverty Is a Threat to Peace"-The Nobel Prize Lecture	p. 235
For Further Information	p. 249
Index	p. 251

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