64 trillion $ questions : 1) where in the world do you find pro-youth economies and pro-youth banks

[chris macrae]

previously Entrepreneurial Revolution - audio cuts

From our bottom-up searches and mathematical mapping: It seems to us that the short answer to this question is when it comes to banking , please understand the whole truths of (Bangladeshi) microcredit before and after technology linked in every villager  How this became the biggest happiest story in the economics of banking until banking itself went cashless (MPESA, Bkash, MIT innovations q4 2011) and the peoples (especially parents and youth) could take back currency decisions from top-down politicians and vested interest bullies

 

HERE IS THE LONGER EVIDENCE TRAIL (mostly from t 1948+)

 

Its easy with hindsight to see where an economy would have been most exciting for your life to be born into but if exponential impacts of economic models are to live up to their claims - how about mapping this just ahead of time? the maths exists but do the economists?

 

as a pro-youth economist my father Norman Macrae had quite a good record which you can check out from his archives as pro-youth economist at The Economist- and the genre he called Entrepreneurial Revolution from 1972 bearing in mind the genesis of the E-word explores what societies do next when they have guillotined the heads of the less than 1% monoplising allproductive assets (France pro-youth crisis question around 1800)

 

NORMAN MACRAE"S JUST AHEAD OF TIME PRO-YOUTH LOGS

*to be a teenager in Japan of 1960 was a best place to be because of that nation's pro-youth economic maps for the country and the whole region

 

*to be a teenager in China of late 1970s had exciting growth prospects

 

but when Norman first  saw students experimenting with early digital networks in 1972 the 64 trillion dollar ER question became what models would make it best for worldwide youth in 2010s (leaders search at www.wholeplanet.tv ) and what models would make it worst (eg even worse than Orwell's Big Brother scenarios)

 

some vital clues also came from Norman's life experience up to 1972

*spending his last days as a teenager naviagating airplanes in ww2 out of modern day Bangladesh and Myanmar; marrying the daughter of the Britiskh lawyer who spent 25 years with Gandhi ultimately charged with writing up leagalese of India's Independence; being the son of a british consul who lived in all sorts of youth crisis location between the 2 world wars

being mentored by Keynes that economists more than any pther prpfession were only capable of 2 opposite exponential impacts- designing or destroying the future pursposes next generation most needed to spend lives on producing

writing up a 1950s biography of how London's capital market only perfomre for the future when capital structured families' savings to invest in next generation's productivities out of every community

being the only journalist at messina- seeing what a wonderful concept uropean union was and how mis-executed politicians spiraled it

 

seeing the usa once freest in terms of public servants taken over by spending on arms and advertising

This is just an extract of what conditioned Norman's pro-youth editorial lens and his way of expoenentially mapping futures - if this intersts you we are always interested in curriculum of entrepreneurs- whoch are truly bottom-up and collaboeative the way Norman Mapped, and whoch have been less than whole truth sponsored by some big interest which isn't youth's  [e-mail]

 

so it was as the human race entered the 4th quarter of 20th century entrepreneurial revolutionaries started mapping what west's developed nations would need to go and locally learn from poorest developing countries in Eastern hemisphere while cheering on the pro-youth investment decisions of japan and china

 

and so it was that when it comes to banking undersrand the whole truths of microcredit before and after technollgy linked in every villager became the biggest strory in the economics of banking until bamnkoing itself went cashles and the peoples could take back currency decisions from top-down politicians and vested interest bullies

 

 

 

 

[chris macrae]

Sad news q3 of 2013 may be last chance to study the whose curriculum of Grameen from 1976 to date before it is split into 19 parts each bureaucratically redesigned as a top-down political football

http://www.bangladeshchronicle.net/index.php/2013/06/grameen-bank-r...

A government commission’s plan to recommend breaking up the Nobel-winning Grameen Bank into at least 19 zones evoked strong criticism from anti-poverty campaigners and analysts.
The recommendations by the Grameen Bank Inquiry Commission are seen as the culmination of a well-orchestrated attempt to take control of an organisation that has flourished into a success story over the last three decades.
If the proposal is implemented, it will set the country’s best-known organisation on the path of destruction, warned a number of experts, who have closely followed the developments.
“The government has taken the step to destroy the bank. It is totally a political decision,” said Akbar Ali Khan, former adviser to a caretaker government.
The commission is set to recommend restructuring Grameen Bank in the shape of the erstwhile Bangladesh Shilpa Bank (BSB) or Rural Electrification Board (REB) in order to give the government absolute control over the microcredit organisation.
The recommendations will be unveiled at a workshop, “Future Structure of Grameen Bank: Some Options”, at the Biam auditorium in the capital on July 2.
The move comes at a time when the successful microcredit model of Grameen Bank that won the Nobel Peace Prize in 2006 is being replicated not only in the developing world, but also in developed economies.
Other respected experts joined Akbar in criticising the commission’s suggestions.
Mirza AB Azizul Islam, former finance adviser to a caretaker government, said the recommendations apparently made no sense to him.
“Firstly, the commission must clarify the areas where Grameen Bank has failed in its present structure. What is the justification of changing its status if the commission cannot identify any major flaws?”
“Secondly, Shilpa Bank was one of the biggest loss-making state-run banks in the country. Is the commission planning to recommend turning Grameen Bank into a failed enterprise where the government will have to subsidise funds to run the bank?”
The once state-run Shilpa Bank has been renamed Bangladesh Development Bank through its merger with Bangladesh Shilpa Rin Sangstha, after decades of its struggle with non-performing loans and weak governance.
On the suggestion to restructure Grameen Bank in the shape of REB, Islam said, “The nature of services provided by REB is totally different from that of Grameen Bank. You cannot compare horses with elephants.”
REB, a highly subsidised government enterprise, supplies power to rural areas, and operates through 70 associations.
Islam said if the bank fell into the hands of the government it would be politicised and its performance would decline.
“As a result, it will become a loss-making venture and will be another addition to the huge number of loss-making state-run enterprises.”
Akbar said if the government took control of Grameen Bank and its associated organisations, which are non-profit, they would face an untimely end.
“There is no doubt about it, as no government has been able to run any of its organisations efficiently in the last four decades. The government is only taking steps to destroy the organisation that is running effectively,” he said.
The analyst said he didn’t see any problem in Grameen Bank. “Even the borrowers and members have not complained against the bank.”
Hossain Zillur Rahman, executive chairman of Power and Participation Research Centre, a local research think tank, said it was clear that the recommendations were aimed at making the successful organisation into an ineffective one.
“Political vindictiveness is behind the move. The commission has been formed and many other measures about Grameen Bank have been taken out of political vindictiveness. There is no other reason behind it.”
The finance minister publicly said Grameen Bank was running efficiently. Beneficiary and independent assessments also showed that its performance was up to the mark, he said.
“Even the PKSF [Palli Karma-Sahayak Foundation] has found that Grameen Bank’s effective interest rate is the lowest among all microcredit organisations in the country. The bank’s success is well-recognised globally.”
Rahman, also former adviser to a caretaker government, hoped the government would reconsider its position on the bank and let it run on its own.
Mahabub Hossain, executive director of BRAC, the world’s largest non-governmental organisation, said Grameen Bank had played a key role in expanding the concept of the collateral-free small loans not only in Bangladesh, but also across the world.
“The model heavily relies on trust. If it gets caught in the web of government rules it would be tough to maintain its ability to reach out to its target beneficiaries,” he told The Daily Star.
The noted agronomist said the microcredit model does not match that of any public or private banks. “Government control over Grameen Bank will only undermine its efficiency and productivity in many aspects.”
According to the paper to be presented at the commission workshop, Grameen Bank’s legal structure should be similar to that of BSB.
In such a case, the paper said the government would hold a majority share, not less than 51 percent and the rest would be available for public subscription by GB borrowers. The composition of the board of directors will be designed to ensure that the government maintains a majority under all circumstances.
The commission has also thought of another option of restructuring GB in the shape of REB.
According to that structure, at least 19 independently registered organisations will be created under Grameen Bank in order to decentralise drastically the bank’s operations and management.
Nobel laureate Prof Muhammad Yunus, the founder of Grameen Bank, has termed the commission’s suggestions completely irrelevant.
“The government takeover of a sound financial institution owned by 8.4 million poor women will be a case of an extreme abuse of government power. Options offered by the Inquiry Commission are totally irrelevant and unworkable,” he said.
The government formed the commission last year to review the activities of Grameen Bank and 48 other organisations that bear the Grameen name, and make recommendations on how to run the organisations.