Social business: video interview to Nobel Prize winner Muhammad Yunus

Muhammad Yunus, who was awarded the Nobel Peace Prize in 2006, held a Lectio Magistralis entitled “A World of Three Zeros: The New Economics of Zero Poverty, Zero Unemployment, and Zero Net Carbon Emission” on October 2nd. Professor Carlo Bagnoli has interviewed him.

The Bangladeshi economist launched modern microcredit and founded the Grameen Bank, an institution that provides microcredit to poor people possessing no collateral who would not fit the traditional banking system. This parallel system he invented allows very small business owners to eventually be able to benefit from the traditional one and become financially independent. He received the Nobel Peace Prize in 2006 for his contributions.

These themes are tackled at Ca’ Foscari University of Venice as part of the long standing interest of our university in global challenges, in particular in the social and economic fields, fighting against inequalities and promoting integration, inclusion and social justice.

Yunus was also conferred the Ca’ Foscari Honorary Fellowship, becoming an honorary member of the teaching staff for “his great contribution to the development of social innovation and to value creation thanks to an innovative approach to microcredit that institutionalized small loans for entrepreneurs who do not have access to the traditional banking system due to their low income. This lead to a social revolution towards a more modern and tolerant society that increasingly recognizes the role of women in the family sphere and in society”.