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Professor AK Monowar Uddin Ahmed, head of the five-member committee and an economics teacher at Dhaka University, told the newsmen they have recommended bringing the Grameen Bank and social business under a framework.

zasheem do you know this professor ahmed - and would there be any chance that elders of dhaka would be able to do balanced papers on a special issue of what is the framework that grassroots up networks of bangladesh have used in creating the new developing economics paradigm referred to about 4 years ago by clinton in this interview http://www.youtube.com/watch?v=jB1tSDXbOzg

this isnt going to help us short-term but if dhaka's academia cannot find their own independence by 2013 then your nation is liable to go into a very dark decade

“Microfinance is almost universally effective where its based on the same model that Bangladesh have used – that is where you are dealing with people who do not know how to read a balance sheet but they have a good reputation in the community, and they’ve got a skill

 In the 1980s the South Shore Bank of Chicago now called Shorebank started making microcredit loans by America standards to black carpenters and Croatian electricians to work together to retrieve the South Side. Hilary found out about this and she went out to raise the money for a rural microcredit in Arkansas with the same thing, the same results, it still in place ...it always works.  Now can it make a difference? It depends whether they are concentrated. I think in Bangladesh the Grameen Bank and others having been lending money for r 30 years, the volume of loans is so great now that it is making a measurable contribution to the economy. My evidence for this is that in the last couple of years Bangladesh has had one crisis after another –the kind of thing that tanks the stockmarkets. But in spite of all this trouble their economy is still continuing to grow about 6% or 7% a year. Unheard of- I think its because its coming from the grassroots through the interlocking networks of microentrepreneurs.”

for me as a mathematicianb there are several issues, though these do not necessarily help with tyhe ;politics:

1 social business as defined on book 1 was the "framework"

2 beyond politics: the great danger is of muddled economists in dhaka bureaucratically forcefitting a transforamtive framework into their old mindsets and so destroying understanding of how the new system framework works


3 admittedly this wasnt greatly helped by how social busienss book 2 changed the vocabulary - what had been called future capitalism became social buisness, and what had been th 35 year proven model of social business became nameless

3a a way to cure 3 (though again not the politics) is to go back to the vocabulary of book 1 in terms of social business and to call the new models that emerged from paris 2005 global social business partnership networks instead of individual social business models



technical notes:


the clinto interview made to accompany his book giving "the new philanthropy" was actually conducted 14 December 2007 http://www.charlierose.com/view/interview/8836


there is a sad footnote on shorebank, which was the bank that inspired the clintons to go study microfinance in bangaldesh in (I think) the late 1980s so as to start a version in arkansas; its founder got old and it has gone under during the recent banking crisis; the way the shorebak founders got old is very difffernt to yunu8s situtaion; they literally lost ineterest in the core of how there bank was run and made all sorts of disconnected social entreprenurial partnerships; unlike yunus they had no business mdoel in most of these extension


at very least academics should write up the case of how shorebank was epicentral to how many american leaders got introduced to microfinace; it twins the other way american got to know of microfinace that results chronicled in issue 1 of journal of socia business http://www.worldcitizen.tv/sitebuildercontent/sitebuilderfiles/jsbpaper3.doc

I think getting shorecase truly biographed would be very important for special issue to come out at spain microcreditsummit; I note that research conducted for microcreditsummit tends to review things in various discpolinary terms but not what my dad would call economics; therefore the might be other papers that really merit an economic review in time for spain 


the other issue we havent worked out is when yunus tels young people the greatest chalenge in making economics sustainable is chnaging mindsets you havent yet begun to pick up on my dad 1963 book's evidence that the greatest damger to youth is elderly macroeconomists; you zasheem told me 2 years ago at yunu8s british cpouncil 75th anniversary talk that you were going to update debates on sunshades in october but I am not aware of a single acadmic who has done any such thing



parallel notes from an obama dialogue at facebook

  • what is the measure you use to say we (USA) have the most entrepreneurial culture in world?


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