Reuters quotes CGD research fellow David Roodman on social business and microlending.
From the article:
"David Roodman, a research fellow at the Center for Global Development, a think tank in Washington, said Yunus' genius was to do something that people thought was impossible -- providing small loans to poor people 'without losing your shirt.'
'You can look at that as a very efficient solution to a business problem and so the question is where can you apply that kind of thinking besides providing credit?' Roodman said.
But he said that while the social businesses and similar ideas would undoubtedly grow, the more powerful way to reduce poverty was through economic growth.
'What is reducing poverty so dramatically in China? It's not socially motivated businesses but good old-fashioned capitalism,' he said."
