Good governance and regulation of oil are public goods that benefit all the actors involved in the oil industry. However, in producing or exploring countries which have weak institutions and a challenging political landscape, these public goods have often been in short supply.
Muhammad Yunus delivered a lecture on the evening of Monday 20th May entitled Banker to the Poor: Lifting Millions out of Poverty through Social Business. As the title suggests, Professor Yunus advocated a social business model, a concept that describes socially-driven commercial activity, using a series of examples from his microfinance initiative known as the ‘Grameen Bank’. These included Grameen Danone, a joint social business venture between Grameen and Danone Foods to address the issue of malnutrition among children in Bangladesh.
A public lecture at the London School of Economics and Political Science, hosted by the IGC.
Speakers: Ghazala Mansuri (Lead Economist,World Bank's Poverty Reduction and Equity Group) and Vijayendra Rao (Lead Economist,World Bank's Development Research Group)
Discussant: David Mosse (Professor of Social Anthropology, Department of Anthropology and Sociology at the School of Oriental and African Studies)
Chair: Jean-Paul Faguet (Reader, Political Economy of Development, London School of Economics)
This seminar, hosted by the Ministry of Finance, IMF and in collaboration with the International Growth Centre aimed to provide a forum for discussion on the opportunities and challenges in managing natural resource revenue for sustainable economic development in Liberia.