Please register to receive the benefits of our network-wide features. Register (free) | Log In
Advertisers/Partners
2006 Nobel Peace Price Winner

Creating a Poverty-Free World
42 minutes, 19.3mb, recorded 2006-01-01
Image caption: Muhammad Yunus
Muhammad Yunus

Several decades ago, nobody could imagine the success the agricultural project of producing rice in Bangladesh would come to take. Professor Muhammad Yunus, 2006 Nobel Peace Prize winner, assumed the responsibility of it and, step-by-step, shaped it from a simple project to a nonprofit company called Agricultural Foundation. That was the beginning of a series of projects, which gave great access to opportunity, confidence, and power to poor people. It raised them economically and especially helped women in Bangladesh.

Professor Muhammad Yunus believes strongly in a global need for a new kind of capitalism -- one that puts poor people's needs first. He is skeptical of conventional businesses because of their goal to maximize the profits, and of charity organizations because of their dependence on donated money. He does, however, see social venture business as a better alternative.

Today, there are more than two dozen foundations which help people out from poverty, hunger, and misery. These foundations are active in various industries. Grameen Telecom, for example, is a very successful mobile operator that enables women in rural areas to earn money by re-selling minutes on their phones at a slight mark-up to fellow villagers.


Our publication of this program was made possible by the support of the following:
Ashoka logo

 

 

Professor Muhammad Yunus is the founder of the Grameen movement. His ideas couple capitalism with social responsibility and have changed the face of rural economic and social development forever.

Professor Yunus is responsible for many innovative programs benefiting the rural poor. In 1974, he pioneered the idea of Gram Sarker (village government) as a form of local government based on the participation of rural people. This concept proved successful.

Muhammad Yunus received his PhD in Economics in 1969. Later that year, he became an assistant professor of Economics at Middle Tennessee State University, before returning to Bangladesh where he joined the Economics Department at Chittagong University.

Professor Yunus has received the following international awards: the Ramon Magsaysay Award (1984) from Manila; the Aga Khan Award for Architecture (1989) from Geneva; the Mohamed Shabdeen Award for Science (1993) from Sri Lanka; the World Food Prize by World Food Prize Foundation (1994) from the US and the Nobel Peace Prize (2006) from Norway. Within Bangladesh, he has received the President's Award (1978), Central Bank Award (1985), and the Independence Day Award (1987).

Resources

This free podcast is from our Ashoka series.

For The Conversations Network:

  • Post-production audio engineer: Steven Ng
  • Website editor: Anna Anesiadou-Hansen
  • Series producer: Liz Evans