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The PM and Muhammad Yunus - creating a world without poverty
Muhammad Yunus meets UK Prime Minister Gordon Brown and describes the activities and success of microfincance provided by Grameen Bank in Bangladesh. He suggests that Africa would benefit from this model and he also goes on to explain ‘Social Business’ - business with social rather than purely financial objectives
GB"s People Power
When Gordon Brown started his office at Number 10 with his famous speech on liberating People Power http://news.bbc.co.uk/2/hi/uk_news/politics/6924570.stm he announced that about 10 corporations had signed up to the idea. Does anyone know who they were?
Posted By : Chris Macrae
Posted on : September 18, 2008
Replies : [1]
Perhaps you cold help edit down the 4 threats and solutions that Gordon Brown committed our nation to be passionate about at Clinton Global Initiatives

threat 1 Jobs
Threat 2 Resources eg energy and food
threat 3 we dont have a free global market solution to responsibility in finacial services
threat 4 we must seize te generation opportunity to end poverty and collaborative action the milennial goals

Full Transcript is at http://www.clintonglobalinitiative.org/NETCOMMUNITY/Document.Doc?id=284

Threats 1 massive restructuring of jobs all over the world makes people insecure

(missing solution from gov- we can’t help you save this job but we can help you get the next job)

Threats 2 we’ve got to deal with is not just the
risk of protectionism and how we deal with the restructuring of jobs, the second problem is the pressure for resources: oil prices, that long-term demand for oil and for food and for basic commodities is exceeding the supply of it and until we solve that problem, then we are going to have volatile oil
prices and potentially volatile food prices.
So, we’re seeing the first pressures of globalization
in this area, rising populations demand rising standards of living particularly in Asia and the pressures lead to a scramble for resources and what people are now calling resource nationalism and we have to have answers to that problem.
And interestingly enough, it’s exactly the same problem
that we’ve got to solve because of climate change. We have there basic energy issues ahead of us. One is energy security because of what’s happening in Russia and elsewhere, affordability which is raised by the rise in gasoline prices here and you have the issue, of course, of climate change. And they all point in one direction.

Missing solution: you cannot solve this by national measures alone. You can only solve this by global action. If you got a source of inflation in your society that is based on a commodity that is actually sold globally like oil and food, then you got to deal with that at root and it requires us to act together as governments to do this. But we’ve got to change the debate about energy and we need the Arab countries and the oil producers to recognize that they too have an interest in a stable energy policy rather than a volatile oil price and we have got them to agree with calling a conference in London in December the 19th, to get them to agree that they should invest the oil revenues and other sources of energy so that we can create a stable energy market to their interest and to everybody else’s interest. And then food around the world isn’t it amazing that Africa has 70-percent of its population on the land. It has 20-percent of the world’s land and it is the net importer of
food and produces only 6-percent of the food of the world. So,a continent that is basically got huge amounts of land, unable to produce food even for its own people and only 5-percent of land in Africa is irrigated. And if we are to solve the food shortage problem which means that food prices are going higher in all countries, then got to involve Africa and we’ve got to look at how we can move forward in that, so, pressure in resources.

THREAT3
And then the third problem of globalization we’ve now
got to deal with is how we build a global financial system. I mean I’ve got no doubt as President Clinton said that this proposal to bring liquidity into the American system that has been put forward. Whatever the details of it is in principle not only the right thing to do but it’s the essential thing to
do to begin to restore confidence in markets.
And I’ve got no doubt, other countries, and I’ve talked
to people all over the world that would be at the United Nations this week from Latin America to Asia to Europe and to Africa, they all want that liquidity injected into the system to give us the stability we need.
But we know there are bigger problems than that and
basically, the problem is and it goes back to the point, global problems need global solutions, but we now have global financial markets. We now have global capital flows, but we have no national supervision and we have no effective global supervision.
Solution: And I’ve been proposing for some years now that the
International Monetary Fund or a similar organization has got to be an early warning system for the world economy that we’ve responsibility where it is lacking in boardrooms where they must understand the risks that they’re taking because their ordinary customers are affected by that and we got to get ridof the conflicts of interest that are the heart of some of the
system. But the basic point is there. You’re in a global economy with global financial markets. In any other area, if you had a global issue to deal with, you’d have global cooperation that we’d make it easier to solve a problem and I believe as we move forward from solving the liquidity problem and the problems of solvency in some institutions. We must now build a global financial system that means
proper supervision that everybody can support so that outside America, you don’t have, if you like, effective havens in other countries where people can hide assets and at the same time make it impossible for a global financial system to flourish.


THREAT 4
And then there’s the fourth problem we’ve got to deal
with in globalization and that is the problem that everybody at Clinton Global Initiative has been talking about also this week. It’s the gap between
rich and poor. As Bill Clinton has said in so many occasions that rightly so, we have a world that is unsustainable. We have a world that is unsafe and we have, for many people, a world that is unfair. And it’s more than unfairness. We have a moral problem about the rights and dignity of every child. We have also a security problem. And I believe that if we don’t face these challenges about the gap between rich and
poor around the world, if we don’t’ have a new deal that binds the richest countries to the poorest countries

Solution: I think can see how it could be done.
The richest countries demanding of the poorest
countries that they are open and transparent and free of corruption and they run economic systems that allow them to make for prosperity for other people and open up to trade. In return, we help them finance their education and health and their economic development so that they can enjoy and benefit from the global economy.
But this is a problem that if not solved and it’s not
solved soon, I believe the tensions will grow between the richest countries and the poorest countries and people will ask themselves why can I not have some benefit from the globalization that is happening around the world and also, I wanted to just say about some of the other things I did when I went to Africa.
I saw so many children that were lacking in opportunity
but I also saw so many mothers and my wife, Sarah has been involved in a campaign, the White Ribbon Alliance and, you know pregnancy because of the inadequate facilities, because there’s no treatment if the pregnancy is going wrong. So, during their
pregnancy, go around and say to their friends and relatives, goodbye.
They think that they will not survive and in Sierra
Leone, one in eight mothers dies in childbirth. It is an astonishing and appalling statistic. There are only 18 midwives in a country of 6 million people. There are only 200 nurses, only a 100 doctors and if we can’t help in midwifery training and other things, then I believe that we will be failing a generation of people who deserve our people.
And that’s why the millennium development goals are so
important and that’s why in my view, we should build upon them. I just want to say one final thing. The
opportunity that exists for us is not just to build the
institutions of a global economy, a reformed International Monetary Fund or an organization that is an early warning system for the world economy. I believe that the World Bank should be a bank for the environment to give the funds for investment that would allow countries that are too poor to adopt climate change policies to do so. I believe that the United Nations has got to transform itself because it’s got to deal with the breakdown of states and the terrorism that is implicit in that and its got of an agency for the reconstruction of countries that involves not
just military help but civil help and I believe that these changes could be made immediately and help build the institutions of the global economy and global society. But I think we also need to do one other thing. We need to recognize that we could in this generation not only eradicate illiteracy amongst children, not only eradicate the diseases like tuberculosis and polio and malaria that still threatened the lives of far too many people and caused millions of people to die unnecessarily when we have the technology and
But I believe we could also build a truly global civic
society and what people find across the internet or in
communication with people from other countries, is contrary to what they believe, they have more in common with each other than they thought. They find that the golden rule of every single religion and five billion people involved in the religions of the world has the same central golden rule, treat others as you would be treated yourself. And whether you are Sikh or a Muslim or a Hindu or Judaism or Christianity or any of these Buddhism, all these religions have the central golden rule, treat others as you would be treated, the idea of fairness to each other and responsibility to each other. And I believe that given that we are more in common than people have thought and given that we are opening up communications across frontiers, what we are
failing to do is to build the institutions of a global civic society as well. The internet, some people it is a shouting match without an umpire, when people are chatting to each other and blogging, but remember the power of it in the last few years.
In the Philippines, some of you know there was a
president that fell in the Philippines, when people texted to each other and said that they wanted to get rid of him because of his corruption and it was called in fact at the time they all assembled together, a million people. It was called the first coup d'etext and we’re seeing the extraordinary power of people to communicate with each other. We’re seeing that
people have amazingly in common so much in the philosophy that they hold.
When people meet, they can find so much common ground
and we’re finding the NGOs and civic groups are building up all over the world and we have got to have the means by which we recognize that in greater effect by building the institutionsof a global civic society. Now, whether that is young people,you have the Peace Corps in America and Bill created a great
organization for young people. Perhaps, there should be a countries and involves every country in the organization of that.
Perhaps we can create global organizations where people
can communicate and discuss about major issues in a more effective way. I’m absolutely certain that if disasters befall or violence or genocide, the world would know about that very quickly but the world has got to be in a position to act. And of course, it means that business too must be involved. Businesses are global and what we’ve seen in the Clinton Initiative is the power or private individuals to change things
and to change the world.
Bill changed the world once as president and he’s
changing the world again by his actions as a private citizen. But this global economy and this global society creates more opportunities than ever before for people to actually contribute to the public good.
And I’m not asking business leaders to contribute just
charity and philanthropy; I’m asking them to use the enterprise and skills, everything that they’ve learned in business to apply to some of the great problems of the world including building economies in some of the poorest countries of the world.

And I think the causes of the world require us to act
together. This could be the generation and we could be the people that gave every single child in the world the chance for schooling. But 77 million children are not at school. This is the generation that could end the needless deaths from diseases that we know we have the power to cure. This is the generation, the fortunate generation, that can make of the opportunities of this new global economy a more inclusive and more sustainable globalization by sorting out the problems of poverty and the environment.
I believe that we are summoned, all of us, to build a
the duty of this generation. I know that everybody here can contribute to that and is already. Let us change the world together. Thank you.
Posted By : Chris Macrae
Posted on : September 28, 2008

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