Kathryn Elisse Yau 4TE2 Creating a World without Poverty: Social Business and the Future of Capitalism Muhammad Yunus In the book “Creating a World without Poverty” of Muhammad Yunus, he expresses and addresses an issue concerning on how to solve a problem about the poverty in the society. Muhammad Yunus focuses primarily on the different aspects concerning about human nature, problems with private enterprise, society's perspective concerning poor people, definition of Microfinancing, definition of Social Business, challenges confronted while opening the Grameen Bank, and lastly, the success of the Grameen Organizations. Muhammad Yunus’ book gives a feeling of his vision's breadth, however just alludes to his desire. He needs not just to …show more content…
These endeavors are controlled by shareholders either givers or poor people, and givers recover their underlying speculation, however any extra benefits made by the undertaking are furrowed once again into the work. To show his concept of a social business, Muhammad Yunus weaves through the book the intriguing contextual analysis of Grameen Danone, a joint endeavor amongst Grameen and the French multinational sustenance item organization Danone. Muhammad Yunus sees numerous sources from which these new social organizations can start: existing organizations, establishments, the World Bank and different offices, government improvement reserves, fruitful business people searching for a next movement, well off retirees, and late school graduates. In fact, these sources hold guarantee. Muhammad Yunus likewise trusts that social organizations would urge more individuals to give back: Many would discover building up and working in a social business more appealing than working for a philanthropy, given the renowned society agrees business people well beyond their money related achievement. Muhammad Yunus addresses the handy obstacles of making social organizations by compactly depicting the strides that must be taken if social organizations are to end up standard foundations. Advocates must build up an arrangement of lawful meanings of social business, alongside tax assessment and administrative principles. Social business benchmarks should then be set up and ensured. Muhammad Yunus trusts that distinctive sorts of autonomous accreditation and appraisals organizations will spring up to meet the requests of potential financial specialists and shoppers. I would include that legislature, guaranteeing offices, and the sheets of
Although poverty has minimized, it is still significant poverty which is characterized by a numerous amount of things. There are two types of poverty case and insular. “Case poverty is the farm family with the junk-filled yard and the dirty children playing in the bare dirt” (Galbraith 236)Case poverty is not irretraceable and usually caused if someone in the household experiences “ mental deficiency, bad health, inability to adapt to the discipline of industrial life, uncontrollable procreation, alcohol, some educational handicap unrelated to community shortcomings” (Galbraith 236).Case poverty is often blamed on the people for their shortcomings but on some levels can be to pinpoint one person's shortcomings that caused this poverty. Most modern poverty is insular and is caused by things people in this community cannot control. “The most important characteristic of insular poverty is forces, common to all members of the community, that restrain or prevent participation in economic life and increase rates of return.
“Global poverty is the scourge and disgrace of our affluent era” (Smith 13). Eradicating extreme poverty has always been one of the greatest challenges in the world. In fact, today poverty has become a major concern for several nations. According to Stephen C. Smith, the author of book Ending Global Poverty: A Guide to What Works, ending poverty would require eight crucial keys to escape poverty traps; to provide health and nutrition for adults to work and children to grow to their potential, provide basic education to build the foundations for self-reliance, to provide credit and basic insurance for working capital and defense against risk, to allow access to functioning markets for income and opportunities to acquire assets, to allow access to new technologies for higher productivity, to provide a stable environment to ensure sustainable development, to provide personal empowerment to gain freedom from exploitation and to empower all communities to ensure effective participation in the wider world. Thus, the purpose of this paper is to examine the term, concept, and the theoretical perspectives about poverty that are represented by Stephen C. Smith as well as presenting aspects of the issue that I wish Smith had addressed, an emphasis of questions that the author leaves unanswered will be presented, and finally an exhortation on how believers should think about the issue and how believers should respond to the issue viewed in a cognitive, affective and behavioral perception.
In the book: Creating a World Without Poverty, Muhammad Yunus expresses his ideas in solving the world's social problem. He explains his view in helping end poverty with the help on the potential of technology.Not only the global poverty that he wants to end but the problems which involves lack of focus to health care and education, gender discrimination, and inequality. He is looking forward to a more fair society for all.
According to the narrator in the introduction for the video, Faces of Poverty: Living on the breaking point in Reading, PA , Reading is ranked as one of the poorest city in any country that houses a population of 65000 people. As per the introduction, the statistics are already stacked against anybody that is trying to make it out of Reading PA. People in Reading face the same challenges as the rest of America, but their challenges seems to not have any solution, which in turn affects a wide population of its residence. The challenges faced by people in Reading include but are not limited to; lack of jobs, poor infrastructure, lack of flowing funds for building a stronger economy, and lastly, most people in Reading are not learned. This paper is going to look at the problems people in Readings face, their strengths as well as an opinion on what can be done for small towns like Reading to enable them to thrive.
Greed can lead to many different situations, experiencing times of hardship, consequences, but a major consequence is poverty which is not realized through
Today’s world is faced with numerous social problems that pose enormous threats to humanity. Many of these problems threaten our very survival. Poverty is an issue that plagues all societies in every part of the world. Not even the most privileged countries can seemingly avoid it. It has a huge presence in the United States which is one of the wealthiest nations in the world.
Poverty has been a growing problem in America, and it most likely will never stop being one. Someone who is identified as being in poverty lives beneath the poverty line determined by the Federal government. The poverty line in 2015 for a family of four was $24,250. These are the people who are really considered poor. Poverty isn’t just a problem in the United States; in fact, other countries struggle just as much, if not more, than the United States does. Many people struggle to keep themselves above the government’s poverty line, shown by the fact that the percent of poor people in America hasn’t drastically changed over the years. However, it is possible to get out of, and ultimately stay out of, poverty.
Many people do not realize that there are tens of millions of people in America who are living in poverty because they are stuck on the fact that America is one of the richest nations. People who are living in poverty barely have enough money to survive on basic necessities like food, shelter and electricity. They often have a hectic schedule filled with work, school, or other activities that they have to do in order for them to live a somewhat stable life. Unfortunately, there are others who are living in poverty that may be ill or disabled and barely able to survive even if they are receiving money to help with their situation. There are a few programs that help those in poverty with their financial problems, but they only help them to a certain extent. Changes need to be done to help alleviate the poverty rate because these people should not have to deal with all of these hardships or have such a negative perspective of life. Therefore, America can reduce its poverty by raising the minimum wage, making health care more accessible, and by making child care more affordable. These solutions will be a great start to reducing poverty and they will lead America into a brighter future.
Government support for social economy entities is recognized in European Union, Brazil and Argentina. While in countries of Africa and Asia support is built by the citizens forums and networks on sustainable development and by United Nations agencies. Among policy themes on social enterprises are: improving access to financial resources; research for increasing understanding and visibility; capacity building; ac¬cess to public procurement.
Although Yunus is an economist by profession and his microfinance project does sound as an economic move, nevertheless the scope of it is much wider than targeting finances alone. He has a long term vision to eliminate poverty around the world and provide a better quality of life for those who are less fortunate and deprived of some secure financial background. Since he feels like every person on this planet has an equal right to get a chance to improve her/his life, nevertheless her/his background, we could say that his vision goes far beyond providing the loans – he strives to
Poverty is the main problem of everywhere. For the last thee decades several developing and developed countries taken several steps to alleviate the poverty. In the world %??(how much %) people are living life below the poverty line their daily or monthly income is less than $ xxx(how much) . One main step is the establishment of Microfinance Institutions which are providing micro credits to the poor people without any collateral. The performance of these institutions is very attractive even some commercial banks also started micro financing on commercial basis.
Reed, B. (2011). The Business of Social Responsibility. Retrieved from Dollars and Sense Real World Economics: http://www.dollarsandsense.org/archives/1998/0598reed.html
In the world today there is a lot of poverty. There is a great divide
As one of the biggest problems facing the world today, poverty continues to have significant negative implications for the society. The effects of poverty are extremely severe and far-reaching, so much so that it was one of the top Millennium Development Goals agreed upon at the Millennium Summit of the UN back in 2000 (Hatcher, 2016). To understand the effects that poverty has on the society, one must critically analyze the societies in which poverty is rampant, as well as analyze poverty from the relative perspectives that it presents. The core aim of this paper is to develop a holistic understanding of poverty and elaborate on the diverse ways in which it continues to affect societies across the world.
Social issues are problems in the society today that are described as wrong, widespread and changeable. A category of conditions that people believe need to be changed. Poverty is a serious social issue in the society today. According to Peilin (2012), poverty brings hardships to families and individuals as well as political thereby negatively affecting the social stability and social development and posing a severe threat to human security (p. 243). This paper focuses on poverty as a social issue in today’s society. First, it gives a succinct introduction of the social issue, and then describes how it fits into the field of sociology. It also evaluates the sociological theories and terminology that relate to the social issue. The section that follows evaluates what is known and unknown about the particular social issue. This is followed by a discussion regarding the value of sociological research into the issue determining the available or possible practical implications of the sociological inquiry. The information presented here is strongly supported by the concepts and theories derived from reliable sources.