Creating a World without Poverty: Social Business and the Future of Capitalism

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More About This Book

Overview

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.

Editorial Reviews

From Barnes & Noble
With its idealistic title, this book seems like a prime candidate for knee-jerk dismissal. But consider the author's credentials: Economist Muhammad Yunus is the winner of the 2006 Nobel Peace Prize and the founder of the highly successful Grameem Bank, which specializes in making loans to the poor. Creating a World Without Poverty outlines a new business model that utilizes the power of free markets to truly unleash human potential.
Bookseller
The influential economist and winner of the 2006 Nobel Peace Prize outlines his vision for a new business model that combines the power of of free markets with the quest for a more humane world. Includes stories of companies that are already doing social business.
More Reviews (4) Fewer Reviews
BusinessWeek
an inspiring volume, full of practical information for people who are motivated to try out his ideas.
Scotland on Sunday
(I)n Creating A World Without Poverty, Nobel Peace Prize winner Muhammad Yunus argues convincingly that social business is an achievable way of exploiting capitalism to help the poor. Yunus moves the debate beyond the tired argument that the rich should simply donate to those less privileged, and demonstrates that the free market can in fact be used to the advantage of the less well off…This book is a must-read for policymakers or philanthropists, and its conversational style and straightforward logic also make it appealing to the layperson.
Winnipeg Free Press
In this excellent work of popular economics, he tells the story of how he came to the idea and the impressive results it has generated.
Publishers Weekly

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% 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.)

Copyright 2007 Reed Business Information

Product Details

  • ISBN-13: 9781586486679
  • Publisher: PublicAffairs
  • Publication date: 1/5/2009
  • Edition description: Reprint
  • Pages: 320
  • Sales rank: 123,989
  • Product dimensions: 5.40 (w) x 8.20 (h) x 1.00 (d)

Meet the Author

Muhammad Yunus
Muhammad Yunus

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.

Table of Contents


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

Customer Reviews

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Sort by: Showing all of 8 Customer Reviews

  • Anonymous

    Posted March 13, 2008

    A must-read for anyone who wants to change the world

    Professor Yunus brings another brilliant and practical approach to end poverty through the development of successful social businesses. The definition and objectives of social business are clearly outlined. Impact of social business to eradiate the poverty from the face of the earth and endless possibilities of other social benefits are beautifully discussed. The fundamental assumption by most economists that entrepreneurs are one-dimensional, in that most entrepreneurs resort to making money, is clearly challenged by the author. The concept of social business is documented with an example of Grameen Danone business where the goal of this self-sustaining organization is not to maximize profit but to remove malnutrition in children in Bangladesh. This has really made me a loyal customer of Danone products as this company is doing more than just making profit for its shareholders.

    1 out of 1 people found this review helpful.

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  • Posted September 14, 2009

    Excellent for business people, entrepreneurs, policy makers, investors and philanthropists, but not recommended for the casual read.

    This book is very informational and lays out a clear explanation of social business and how it differs from corporations, non profits, and governmental organizations. It is occasionally a tedious read that goes too in-depth into topic/story/opinion that begins to sound redundant, but overall it is a very enlightening book with a compelling concept for the future of business, especially the business of philanthropy and poverty eradication.

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  • Posted September 5, 2009

    Great material. Great ideas. Difficult to get through. Comparable to "Long Road to Freedom" regarding Nelson Mandela.

    Great material. Great ideas. Difficult to get through. Comparable to "Long Road to Freedom" regarding Nelson Mandela.

    Was this review helpful? Yes  NoThank you for your feedback.   Report this reviewThank you, this review has been flagged.

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