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A World of Three Zeros
Book

A World of Three Zeros

The New Economics of Zero Poverty, Zero Unemployment, and Zero Net Carbon Emissions

Muhammad Yunus
Public Affairs, 2017

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Editorial Rating

9

Qualities

  • Concrete Examples
  • Insider's Take
  • Inspiring

Recommendation

Economist Muhammad Yunus provides examples of how the good work he advocates is happening around the world. He synthesizes the arenas of business and beneficence to produce a hybrid: “social business,” which promotes personal self-sufficiency and the popular good through commercial activities. He believes that even the most impoverished people possess entrepreneurial potential and that selfless, profit-oriented businesspeople are seeking to engage in social business. Yunus argues that the social business concept could result in “zero poverty, zero unemployment and zero net carbon emissions.”

Take-Aways

  • Microcredit is lending small sums of money – without collateral and at reasonable interest rates – to extremely poor women to set them up in business.
  • Launched in 1976, the renowned Grameen Bank now lends more than $2.5 billion a year to nine million women who have a 98.6% repayment rate.
  • A third option exists between a profit-maximizing entity and a directed charity: a “social business.”

About the Author

Muhammad Yunus, PhD, founded the Grameen Bank and the microcredit movement, for which he and the bank jointly received the 2006 Nobel Peace Prize.

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    O. G. 5 years ago
    Lending is not the solution, investing in the solution. Instead of lending money, INVEST in shares of the companies owned by the POOR.