Can we help you invest in a lab with the world's most innovative networker?

where will the netgen's first YunusLab be? MIT (Boston)? HEC? NUS?
Each of You Has the Power to Change the World - Commencement Speeech MIT, Boston, 8 June 2008

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 If you want to live in place where there are lots of great jobs, where economics, media and professional experts are those who invest in your children's futures, where the net generation becomes 10 times more productive than any in history, where youth's greatest goals including end poverty are invested in, and work on the most vital services people need is celebrated by media, superstars and economists then I recommend you join a network investing in a Muhammad Yunus Lab. Here are some of the different foci and investment styles. RSVP if I can guide you with more information or if you know of another exciting way to invest in yunus lab, or have a look at how to action social business on every day in every way.

Norman Macrae (The Economist Unacknolwddged giant, founder of enjtrepreneurial revolution netwoirks and first journmalist of te internet generation) rated social business the number 1 way of stimulating economics revolutions becuase this modeling approach is truly transformative. Specifically, any sustainable innovation you want to network must first identify what conflict is currently causin systemic collapse - and how the model is going to help resolve the conflict before people can be confident that a vital service will scale. You will see that our different labs presented in columns below begin with identifying a conflict that all concerned with that type of innovation will need to collaborativeky resolve if their solutions are to turn out to be both economical and sustainable in evey community whjere people can most productively gain from the intended SB ution.

Yunus Lab connects various collaboration resources: where partners debrief each other (as well as investors, youth and yunus)on particular practice -eg technology - advances 


SBDays- worldwide celebrations pf SB on every day in every way. Starting in 2009, we convened the first yunus birthday wishes dialogue in dhaka which has since evolved into the annual worldwide Social Business Day; our family association was also the main sponsor of Glasgow's 2010 7th decade wishes assembly of friends of yunus, where ideas that have been turned into action include Journal of Social edited by Adam Smith Scholars, and linking all knowlledge of all the most joyful pro-youth economists between Adam S and Muhammad Yunus


 Context - July 2011 interview with Bloomberg NewsTechnolgy Partnerships in 2010s most exciting decade  Innovations that chnage banking and economics Innovations that chnage economics and media or education Innovations in how local government and social leaders create jobs Innovations in ending poverty Innovations that match jobs with youth's greatest goials Innovations in going beyond politics within one nation and empower people's talents to be valued across nations Innovations by ensuring a global market leader is celebrated for being most purposeful its ector can beInnovations that work to meet sustainability's most urgent deadlines  Innovations linked in to the world's 50 most exciting projects ever invested in
World's greatest innovator ? - a magnet for accolade and criticism 

Tom Keene Bloomberg: I last spoke to him in Davos, he is the Nobel peace prize winner and a magnet for accolade and criticism. You have got to help me here and I thank Marralyn Bunting at The Guardian for pointing out that you are ancient, you are old you are a sprightly 71 and the guy that fired you was a 77 year old finance minister . Only in Bangladesh could that happen. You were let go because of your age, that was the back story at Grameen Bank.


Yunus :  That’s true : their position was I should have resigned when I was 60 years old and now that I am 71 how could I continue in my position. I said you should have reminded me 111 years back why 11 years later but they insisted I quit, and I did quit


Tom Keene: There’s been a lot of criticism. How do you respond to a global or local bangladesh criticism to this bank that you established and microfinance that I will suggest was absolutely revolutionary even within development economics- where did this turn into a critiocism


Yunus: Well the criticisms are always there they cant figure out can you lend money to the poor people and still run a bank and make profit – the profit goes to the poor poep because the bank is owned by the borrowers- there’s something fishy that must be there otherwise it doesn’t make sense. We keep telling them it’s a very transparent system, people take the money, use it for income generating purposes , pay us back, not only does it work in Bangladesh and rest of the world it works right here in new york city. I was just coming from one of those groups who were taking a loan and they were very happy with that. There’s no problem


 Tom Keene: I have a wrong stereotype of bangladesh. Check out this chart folks (I didn’t know this – here are Bangladesh exports – up and up we go – bangladesh as a country is not the stereotype that we know of 30 or 40 years ago – what does the west most get wrong about Bangladesh


Yunus: People still think that Bangladesh is still the same old way of about 30 years back., That’s wrong- it’s a brand new country. The empowerment of women is a very significant part of bangladesh today. It is the most dramatic change that has happened to bangaldesh. The impact on women is empowerment and the fact that they are participating in many social and economic activities and microcredit is all over the country – the kind of banking  that we introduced in bangldesh – 80% of the poor families within the network of grameen microcredit program so this is an enormous amount of money that goes into the hands of the poor people particularly power wonen


Tom Keene: Here is a chart that shows the divide per  capital in GDP in various countries

  We have usa up top , china way below it, this is a surprise to many people in USA who are afraid of china -then India and balgladesh of course  -to close that gap do you support the economics of Jeffrey Sachs or of  bill easterly  which of the those 2 do you  support


Yunus: I would say that we need to focus more on institutional changes before we talk about the amount of money or the incentive mechanism as we need to change the framework – like for example the financial system doesn’t go into the areas it is most needed among the poor and the remote areas. We need financial reform of the institution


Tom Keene” How do you get them to pay back the loan – because they are earning an income they pay you back, as they earn they are paying back, money is recovered on a weekly basis to make it easy – that is why it has spread all over the world even in new york city and Nebraska


Yunus: Here’s an idea folks- go read the nobel lecture ; its one of the bests of the web – where you learn the bio and the lectures of the various nobel winners- here’s dr yunus- bring up the first quote

 in a poverty-free world the only place you will be able to see poverty is ion the poverty museum when children take a tour they will be horrified to see the indignity that some human being had to go through 

Tom Keene: You put that in the past tense -  can you say that know that there is a poverty museum’


Yunus: Not yet but they should be created- every country should create them


Tom Keene: So the gloomsters at Columbia have this wrong  - in truth there is a developing Africa, a developing bangladesh, its not as bad at the margin as it was 20 years ago


Yunus: Absolutely the emerging nation , the technology changes everything, bangladesh is a country where in just ten years most people have a mobile –today 65 million mobile subscribers- the internet services are flowing into te remote areas through the mobiles so the technology is changing these countries and the policies very fast


Tom Keene: If you were president obama what would be your policy prescription for the unite d states to at te margin assist bangladesh


Yunus: Of course we need global assistance but that doesn’t mean money will solve everything – it’s a question of designing the right sort of thing; I am talking about designing social business – business today in the world is about making money obsessed with making money – social business is about creating business to solve problems without any interest in personal gain – that’s social business-


Tom Keene: Sounds like an idea for Michael Porter who is very influential – myunus thank you for coming by


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Tuesday, July 26, 2011

Diaries to the Immediate Future
Prep for August 2011 - Yunus number 1 tech CEO is in east coast usa and friends and I are arranging diaries particularly with anyone who shares yunus spirit of innovation at MIT.
7:46 am edt 

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