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  • Essay
  • December 9th, 2013

Banker to the poor: Explain what the Grameen Project is and how it works.

Describe in your own words how Yunus gets women to join his project and why it�s so difficult.
Tell the story of one of the women other than Ammajan Amina (page 81).
On a second page: Use specifics in Chapter Eight to compare the Grameen Project with the IMF�s project.
What are the advantages and disadvantages of each model, bottom up and top down?
Which model do you think would be most helpful in relieving poverty in the developing world?
Yunus gives criticisms of the World Bank in Chapter Eight, and not the IMF. The two institutions are not the same. For our purposes, we�ll consider the World Bank to be roughly equivalent to the IMF.
Be sure to include at least two of Yunus’ criticisms in your essay.
Evaluate Two Models for Lesser-Developed Countries.
The first is the "top-down" model of the IMF. The International Monetary Fund (IMF) provides loans to governments, which use them to stimulate economic growth.
Stiglitz’s criticisms of the IMF’s idea that one policy fits all lesser-developed countries are telling, and it’s interesting to note that the Fund is moving to a realization that the governments of lesser-developed countries need to have greater control over the movement of capital and the direction of trade.
The second model for attacking poverty, the "bottom-up" model, is offered by Muhammad Yunus, who has a plan for working with very poor individuals. By making small loans to individuals, he seeks to raise a community’s overall economic well-being.

 

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