Profits, Globalization and Leadership -- Muhammad Yunus: Banker to the Poor
Episode Description
Part 2- The effects of Globalization on the Microfinance industry, leadership and the qualities of those leaders, and how they factor into the future success of the industry and the social good it brings.
Brief Summary
Muhammad Yunus discusses globalization, microfinance, and the banking crisis, advocating for equitable trade and social business models.
Key points
- The Dangers of Globalization. Globalization can lead to economic imperialism where powerful economies dominate weaker ones.
- Redesigning Financial Systems. The global financial crisis presents an opportunity to redesign the system for inclusivity.
- Microcredit's True Purpose. Microcredit should focus on helping the poor rather than profit maximization.
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Episode highlights
- The Dangers of GlobalizationGlobalization can lead to economic imperialism where powerful economies dominate weaker ones.“Globalization will become economic imperialism.”2:58May 29, 2009
- Redesigning Financial SystemsThe global financial crisis presents an opportunity to redesign the system for inclusivity.“This is also the greatest opportunity when the system is not working.”5:47May 29, 2009
- Microcredit's True PurposeMicrocredit should focus on helping the poor rather than profit maximization.“Microcredit is not a charity program; it's a business program with a social purpose.”7:46May 29, 2009
Episode quotes
Tension
55/ 100Some tension
