2006-10-13 23:03:19 · 9 answers · asked by Anonymous in Social Science ➔ Economics
Definitely, on two fronts.
Firstly, the award shouldn't have been in the field of economics because it is generally given for theoretical advances or contributions over time to the advancement of the theory of economics.
Secondly, peace is correct because of the impact Grameen has been having in Bangladesh and more.
Grameen is allowing people (especially women but by extension their children and families) to reclaim their dignity and progress in life. By allowing people to set up their own businesses and make a living, they also allow the children to go to school and enhance their life prospects,
The beauty of the system is its simplicity and also the fact that this can be replicated in other countries with large and poor rural communities. This is what, I believe, makes the Grameen Bank deserving of the peace prize; this simple change can affect the lives of people across the globe. All it takes is a few organisations to copy what Grameen has done, make some adjustments to suit local conditions, and the lives of many people in the rural areas will be so much improved.
It is important to note that it is difficult for commercial banks to follow the example of Grameen, since this type of micro-loans tends to fall outside the usual tard-sticks banks use. But Grameen has set the example, and is not going bankrupt. So it can and should be replicated across the globe.
2006-10-16 18:04:11 · answer #1 · answered by ekonomix 5 · 0⤊ 0⤋
Absolutely NOT!
If you stand back and take a macroscopic view of the effect that that the bank may have had on the human condition, you may be able to say that the economic effect in the region may have helped to retard extreme poverty which improves stability in a region. It is this stability which contributes to maintaining peace in a region and therefore we can say that there has been an indirect effect.
The more direct effect has been on the field of economics and therefore the prize should have been awarded in the field of economics! PERIOD
The concept of micro-loans is nothing new, however you have to give credit for being bold enough to put in place a system to make it a reality. Whatever the initial motive was (untapped markets vs helping people who REALLY need help) the net effect is to assist people who need help to live everyday.
Welfare (generic) is good to a point for people who are in a state where they can not help themselves but it is human nature to survive and be self sufficient and this bank boldly fills a need that the majority of people need!
2006-10-13 23:30:16 · answer #2 · answered by eUNIX 2 · 0⤊ 0⤋
Why not? He has been doing a great job for a country where majority of people are very poor.! The Governtment of the country does nothing for those poorest people where Dr Yunus helps them to get an income source by providing micro credit.
2006-10-14 11:40:23 · answer #3 · answered by ShO . 1 · 0⤊ 0⤋
I love the idea of economics being related to peace!
Muhammed Yunus is the architect of micro-credit,
empowering people with tools to get out of poverty.
Read about it and imagine! You hope this idea catches on?
Can it?
His micro-credit bank already has offices in 81 countries, and provides
serious support to rid millions of families of poverty.
In his own words:
“lasting peace can not be achieved unless large population groups
find ways in which to break out of poverty.
Micro-credit is one such means."
Think about poverty and economic slavery. . .
we sure need brilliant people to work on ideas like this.
2006-10-14 06:48:19 · answer #4 · answered by thinking 2 · 0⤊ 0⤋
Hahaha! Now, it is humorous ! in case you recycled the wrappers, purchase "carbon credit (what a farce)", and foyer the Nobel committee like Al (I invented the inter internet) Gore did, definite you may.
2016-12-26 18:55:29 · answer #5 · answered by ? 3 · 0⤊ 0⤋
How unfair !!!
Shouldn't it be provided to George W. Bush for his effort & near-success in establish peace in Middle East, setting up a democracy in Iraq & Afghanistan & bringing religion close together by developing a great understanding between them ???
2006-10-13 23:16:08 · answer #6 · answered by j4mes_bond25 2 · 0⤊ 3⤋
i dun know how they choose receipents anyway..i mean wht's d criteria etc so we can't judge ..
2006-10-14 02:52:05 · answer #7 · answered by Samantha Stephens 2 · 0⤊ 0⤋
That is correct! think about it again.
2006-10-13 23:08:54 · answer #8 · answered by Anonymous · 0⤊ 0⤋
youwat?
2006-10-13 23:11:34 · answer #9 · answered by LLL H =] 2 · 0⤊ 1⤋