Economist Muhammad Yunus, the former head of Bangladesh’s Grameen Bank and winner of the 2006 Nobel Peace Prize for his work on microlending in developing countries, says advances in simple personal technology will allow the world’s poor to participate more fully in the global economy of the future. He speaks with WSJ’s John Bussey.


WSJ 4/26/2012 3:21:42 PM

Category: Video

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One Response to “Muhammad Yunus: The Poor Are Not Left Behind”

  1. Good rebuttal to skeptics regarding the future (including myself) and a hopeful indicator of growing understanding of the importance of technology and localization through what I would call enablement of a ‘granularity’ of decision capability.

    A relevant quote:

    “If concentration of power has contributed to poor governance , the solution must lie in dispersing power. ICT’s empower from below while devolving power from above.”

    Iqbal Quadir (founder of Grameenphone)

    ICT: Information and Communication Technology

    I believe this concept holds as true for the peer-to-peer (and especially speech-related) microtransaction as it is for micro-finance…