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Nobel Peace Prize and Microfinance

2006 Nobel Peace Prize recipient Muhammad Yunus © Nobel Foundation
2006 Nobel Peace Prize recipient Muhammad Yunus © Nobel Foundation
There’s been a lot of talk about the recent Nobel Peace Prize winner Dr. Muhammad Yunus and the Grameen Bank. Celebrated as a microfinance pioneer, the economist started the bank in Bangladesh to offer loans and financial services to rural poor communities. Responses have ranged from critiquing recent Nobel Peace Prize selections to reviewing how the media characterizes microfinance. I started at Pienso…, a blog on development, economics and international business, and followed a wealth of links to differing opinions on microfinance.
Links:
Blog coverage on Yunus at audeamus.com
Bangladeshi Berlin blogger Rezwan on Yunus
A Call to Journalists: Stop Writing About Microfinance at NextBillion.net
The Economist on the Nobel Peace Prize
Nobel Prize Links Poverty Reduction to Peace (AFP)
On the unorthodox pick, Asle Sveen, a historian remarked to the AFP:
“There were enough good nominations in the area of conflict resolution in the strictest sense but the Nobel Committee is increasingly taking the fight to the fundamental reasons for which war is waged. It is not enough to make peace, this peace must be a just peace and the causes of war, such as hunger and poverty, must be treated at their roots.”

15 October 2006 | 01.13pm (CEST) | posted by Marie | |
TAGS Economic Development & Globalization | Ethical Values & Responsibility

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2 Responses to “Nobel Peace Prize and Microfinance”

  1. Balbina Laye Says:
    October 15th, 2006 at 2:20 pm

    “It is not enough to make peace, this peace must be a just peace and the causes of war, such as hunger and poverty, must be treated at their roots.”

    How come then that one of the richest countries of the world - the U.S.A. - make war after war and not peace?

  2. Jayakumar Hariharan Says:
    October 15th, 2006 at 3:33 pm

    Old Questions often require new answers.

    Muhammad Yunus wins the Nobel Peace Prize, and Tom Peters is dancing in the kitchen!

    http://ideaburger.blogspot.com

    Jay, from Bangalore