Chapter 10, Applications in the United States and Other Wealthy Countries Summary and Analysis

Grameen can work wherever there is poverty according to Yunus. It does not matter what country is it because the poor people need and are worthy of credit. Yunus says that Grameen can even work in the United States. There are many skeptics in the United States when it comes to a Grameen style program. Can the program actually lift the poor out of poverty rather than just alleviating symptoms? Many believe that the welfare state of the wealthier countries has created people who cannot function to help themselves no matter what. There is no reason for them to because of the variety of welfare programs. This is the skepticism expressed by many Americans. However, Yunus does not give up on the United...