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The Forum > Article Comments > Innovation drives growth > Comments

Innovation drives growth : Comments

By Tom Bentley, published 13/12/2006

Mohamed Yunus's Nobel prize winning scheme typifies the innovation needed to meet the challenges of economic, social and environmental sustainability.

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Rainier, what innovative idea do you think that you might make to improve the lives of your fellow humans?
Posted by VK3AUU, Wednesday, 13 December 2006 10:04:29 PM
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For a very different view of Mr Yunus check out the following fascinating articles

A Nobel loan shark?
By Patrick Bond
http://www.zmag.org/sustainers/content/2006-10/19bond.cfm
(Patrick Bond's new book, Looting Africa: The Economics of Exploitation, is available from Zed Books.)

and

A Nobel Peace Prize for Neoliberalism? The Myth of Microloans
By ALEXANDER COCKBURN
http://www.counterpunch.org/cockburn10202006.html
Weekend Edition October 20 / 22, 2006
Posted by Sowat, Friday, 15 December 2006 6:04:38 AM
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I think Mr Bently needs to revisit the subject. What the poor need is not credit, it is jobs. Jobs which are sustainable are not provided by giving micro-credit to the poor, paradoxically, they are more likely to be obtained by giving macro credit to the well off, who are more likely to have access to other resources as well as the expertise to utilise the credit effectively.

Sowat, in this case, I think you are right on the money. If I might put it differently "Beware of Greeks bearing gifts".
Posted by VK3AUU, Friday, 15 December 2006 11:56:14 AM
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