Creating a world without poverty
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In his book, Nobel Peace Prize laureate Muhammad Yunus proposes a new economic model - “social business”. According to this model, the purpose of business is not to make a profit, but to create social benefits: for example, to feed the poor. However, this is not a charity, since investors are returned their initial investment, but all profits are reinvested into the same business, which is directly related to the social cause. The author also proposes a microfinance approach where small amounts of money are given as loans to poor people to start and grow small businesses. This allows them to earn income and provide themselves with a decent life. Professor Yunus's economic model is not an abstraction - he is first and foremost a practitioner who has created many businesses in his home country of Bangladesh, as well as in developing countries around the world, which has lifted millions of people out of poverty.
Data sheet
- Name of the Author
- Алан Жоли
Мухаммад Юнус - Language
- Russian
- Translator
- Ирина Викторовна Савельева