Post by account_disabled on Feb 17, 2024 8:11:07 GMT
According to Amnesty International —a human rights organization—discrimination is an action that harms someone's rights simply because of who they are or what they believe; this is harmful as it perpetuates inequality . And although there are different types such as race, religion, language and more; There is one that directly impacts the economy of delegated sectors and puts on the table what financial discrimination is. This type of discrimination is not a secret, however, it was Muhammad Yunus who focused his attention on this social problem, and through a conference given at the World Business Forum Mexico 2023 —a business summit held in various parts of the country. world that took place on November 7 and 8—explained the importance of not leaving this issue aside and the importance of opening economic opportunities for women in our country. Who is Muhammad Yunus An 83-year-old Bangladeshi social entrepreneur, banker and economist, winner of the Nobel Peace Prize in 2006 and best known for being “The Banker of the Poor”, thanks to his social initiative of microcredit and microfinance financial products. . Yunus is not only one of the most valuable voices in the contemporary world, but his vision has attracted the attention of large businessmen and companies such as the Danone Group. In addition to this, he has been the author of different books, including: Creating a world without poverty (1998), It is possible to end poverty (2006), A world of three zeros (2018), and more.
His thinking is an example to follow for financial institutions, and for those who are at the head of them or seek to have a social focus with the aim of putting aside problems of this nature and generating a positive impact. What is financial discrimination? During the conference, Yunus shared that unfortunately, banking is discriminating against certain social sectors, since today the economic framework does not support or allow the development and growth of low-income communities, this is because those who The less they have, they are denied access to benefits as important as credit, which causes financial discrimination. Observing such problems, Yunus considered that banking should be for everyone without distinction, he even affirms that it should be a human right because it has the ability to end poverty. This is how his idea for microcredit was born in Jobra, a town in Bangladesh that was devastated by floods. It all started with a loan or credit of US $27 to a group of women so that they had the opportunity to have resources to generate more resources. Initiative that managed to expand to different parts of the world. Yunus affirms that having access to microcredit Middle East Mobile Number List translates into having access to basic needs such as health, shelter and food, thus reducing problems as serious as poverty. What is financial discrimination For the Nobel Prize winner, poverty is not created by the poor but by the system we build, specifically the financial system, which promotes financial discrimination. And he shares: The difference between conventional businesses and social businesses is that in the former the benefits for people can be maximized and it solves various problems.
Muhammad Yunus, social entrepreneur, banker and economist. Yunus knows perfectly well what financial discrimination is when he raises his voice to open the perspective of banks and their leaders, whom he invites to generate initiatives that benefit those social sectors that continue to live outside the current financial systems. Muhammad Yunus: A vision towards the present and future In addition to what was stated above, Yunus emphasized two issues that he considers relevant to take into account today. One of them is to build a world of three zeros: Zero concentration of wealth. Zero carbon emission. Zero unemployment. For him, this means that to abolish the inequality that exists today, as well as the lack of jobs and the negative impact we are generating on the planet and the environment, it is necessary to have a new economic system where we can achieve triple zero will be the main objective. And although this is one of the issues that most worries the economist, there is also one that was placed on the table during the conference, which is the controversy that has been brought about by the rapid development of Artificial Intelligence (AI)—a field that combines of combining computing with a set of solid data to enable problem solving. It should be noted that this science also has the ability to create “intelligent” machinery, that is, process amounts of information in a different way than humans, and recognize patterns, make decisions and more like any of us. Given this, Yunus considers that this could, beyond being a benefit for humanity, a great risk, turning humans into waste by becoming useless in the face of AI, which is why he calls for caution in the face of this latent technology. and not lose the path towards sustainable development.
His thinking is an example to follow for financial institutions, and for those who are at the head of them or seek to have a social focus with the aim of putting aside problems of this nature and generating a positive impact. What is financial discrimination? During the conference, Yunus shared that unfortunately, banking is discriminating against certain social sectors, since today the economic framework does not support or allow the development and growth of low-income communities, this is because those who The less they have, they are denied access to benefits as important as credit, which causes financial discrimination. Observing such problems, Yunus considered that banking should be for everyone without distinction, he even affirms that it should be a human right because it has the ability to end poverty. This is how his idea for microcredit was born in Jobra, a town in Bangladesh that was devastated by floods. It all started with a loan or credit of US $27 to a group of women so that they had the opportunity to have resources to generate more resources. Initiative that managed to expand to different parts of the world. Yunus affirms that having access to microcredit Middle East Mobile Number List translates into having access to basic needs such as health, shelter and food, thus reducing problems as serious as poverty. What is financial discrimination For the Nobel Prize winner, poverty is not created by the poor but by the system we build, specifically the financial system, which promotes financial discrimination. And he shares: The difference between conventional businesses and social businesses is that in the former the benefits for people can be maximized and it solves various problems.
Muhammad Yunus, social entrepreneur, banker and economist. Yunus knows perfectly well what financial discrimination is when he raises his voice to open the perspective of banks and their leaders, whom he invites to generate initiatives that benefit those social sectors that continue to live outside the current financial systems. Muhammad Yunus: A vision towards the present and future In addition to what was stated above, Yunus emphasized two issues that he considers relevant to take into account today. One of them is to build a world of three zeros: Zero concentration of wealth. Zero carbon emission. Zero unemployment. For him, this means that to abolish the inequality that exists today, as well as the lack of jobs and the negative impact we are generating on the planet and the environment, it is necessary to have a new economic system where we can achieve triple zero will be the main objective. And although this is one of the issues that most worries the economist, there is also one that was placed on the table during the conference, which is the controversy that has been brought about by the rapid development of Artificial Intelligence (AI)—a field that combines of combining computing with a set of solid data to enable problem solving. It should be noted that this science also has the ability to create “intelligent” machinery, that is, process amounts of information in a different way than humans, and recognize patterns, make decisions and more like any of us. Given this, Yunus considers that this could, beyond being a benefit for humanity, a great risk, turning humans into waste by becoming useless in the face of AI, which is why he calls for caution in the face of this latent technology. and not lose the path towards sustainable development.