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Nobel Prize

Opportunity in the Midst of Crisis

Posted on March 19, 2009 by Ian Goldsmith
Topics: Economic Development
Dr. Muhammad Yunus. Photo: <a href="http://www.flickr.com/photos/u2005/538498201/">U2005.com (flickr)</a>
Dr. Muhammad Yunus. Photo: U2005.com (flickr)

Can a lotus bloom out of this recent economic mud? Dr. Muhammad Yunus seems to think so. In a recent interview with CriEnglish, the Nobel Peace Prize Winner says that the world should see the economic crisis as an incredible opportunity.

We shouldn't just look at it [the economic crisis] as a crisis only. It is the greatest of our opportunity to rebuild the economy, rebuild our concept, rebuild our way of doing things so that we move to the right direction with the right structure, because this [current] structure will create problems of the type that it already created...We just kind of put it — patched it — together to move again. Patchwork shouldn't be done this time. This is the real world we're overhauling. Take it apart. Take piece by piece and rebuild, redesign so that we can go on. I think that is the most important part.

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From the Archives

Microcredit Wins The Nobel Peace Prize

Posted on November 9, 2006
Previously filed under: Asia, Microfinance
Microcredit is not a panacea to global poverty. It is one of many approaches and should not be relied upon as the only means to eradicate world poverty.
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Keywords: microcredit, trade, poverty, economy, Nobel Prize, Muhammad Yunus, peace

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