th Lecture

Social business to address social issues,

Social business to address social issues

Dr. Muhammad Yunus

February 9, 2017

SYNOPSIS OF THE TALK

The talk will focus on the role of micro-credit in building entrepreneurship for poverty alleviation. The world is challenged by growing disparity in individual ealth, the threat of unemployment from robotics & Artificial Intelligence (AI) and climate change. Dr. Yunus advocates a three-end solution: Zero Poverty, Zero Unemployment and Zero Net Carbon Emissions; to be achieved through social business and by encouraging youth entrepreneurship.

Can the success of Grameen Bank be replicated in India?

In a digital economy will micro-credit still have relevance?

The round table will draw the attention to the following

  • Can Finland's experiment with basic income address the social issues accompanying unemployment?
  • Will Micro-credit & entrepreneurship help nations reduce carbon emissions in accordance to the Paris Accords of 2016?
  • How can small entrepreneurs survive competition from behemoth aggregators like, UBER, OLA, Amazon,Flipkart and Bigbasket?

BIODATA

Dr. Muhammad Yunus is the father of both Micro-credit & social business, the founder of Grameen Bank, and of more than 50 other companies in Bangladesh. For his constant innovation and enterprise, the Fortune Magazine named Prof. Yunus in March 2012 as "one of the greatest entrepreneurs of our time." In 2006, Prof.Yunus and Grameen Bank were jointly awarded the Nobel Peace Prize.

He is the recipient of over 55 honorary degrees from universities across 20 countries. He has received 112 awards from 26 countries including state honours from 10 countries. He is one of only seven individuals to have received the Nobel Peace Prize, the United States Presidential Medal of Freedom and the United States Congressional Gold Medal. Other notable awards include the Ramon Magsaysay Award (1984), The Prince of Asturias Award for Concord (1998), Sydney Peace Prize (1998) and the Seoul Peace Prize (2006). In Bangladesh he got President's Award in 1978 for introducing an innovative organization in agriculture. He was awarded the Independence Day Award in 1987, by the President of Bangladesh for the outstanding contribution in rural development.

Prof.Yunus was chosen by Wharton School of Business as one of 'The 25 Most influential Business Persons of the Past 25 Years'. Asia Week (Hong Kong) selected him as one of 'Twenty Great Asians (1975-1995)." In 2006, Time Magazine listed Prof. Yunus under "60 years of Asian Heroes" as one the top 12 business leaders. In 2010, The New Statesman (UK) listed him as one of "The World's 50 Most Influential Figures". In February 2011, Yunus together with Saskia Bruysten, Sophie Eisenmann and Hans Reitz co-founded Yunus Social Business – Global Initiatives (YSB). YSB creates and empowers social businesses to address and solve social problems around the world.