Dear World Bank Leader
extremely interested in CGap’s focus on ultra poor models and what can be learnt from Bangladesh in this regard. My dad died this summer as Europe’s senior economist.
As the journalist of entrepreneurship and the first journalist of the internet, he mapped an integrated system design of globalization
that could empower the net generation 1984-2024 to 10 times more productivity but only if the new economics set its goal as
In his last 3 years dad believed that the exponential economics of communities
and sustainability which he had worked for over 70 had come alive in the new nation of Bangladesh. Hence a foundation in his memory has an immediate focus on celebrating this nation’s 40th
anniversary next year and inviting leading future capital institutions – Kenya’s Jamii Bora – to join in their peoples and place in publishing good news economics under the Consider banner.
also issuing a new journal to 3000 leaders for modeling the ;positive value multipliers of net generation economics. This will be edited by those youth who are ending
digital divides, and scholars of Adam Smith whose purpose with his 1750 version of economics was the entrepreneurial one of
advancing next generation by sustaining communities and working towards ending poverty traps. Family foundations are also
commissioning a book and an educational game: Joy of Economics.
I enclose Consider Bangladesh whose good news 60 people took the opportunity to launch in a first version out of the boardroom of The Economist last month.
Consider being the title dad always used when he had discovered an emerging nation or industry that he advocated
as an entrepreneurial revolutionary hub sustaining win-win-win world trades for decades to come.
It is urgent and timely in our view of the worldwide to step back and ask :
can be learnt about credit as the lifeblood of any nation. A system dynamic that two thirds of congress has
voted that Dr Yunus testifies to them on next year. The leading rural economics systems in Bangladesh have never separated credit from savings; moreover they have never rushed
to scale without first modeling what compound local conflicts were causing poverty. One of their most exciting solutions to
poverty as it was spinning in Bangladesh was to
build community markets round the poorest and financial services were inseparable from such micro system design. Bangladesh was flattened by its war of independence and the conflicts
being compounded on the rural poorest were being spun by richer rural people who had grabbed land as much as other more macro
2) To dad and me as mathematicians. Micro is also core to the great 20th
century advances in system dynamics and knowledge sharing and radical innovation made by Einstein and von Neumann;
they proved that growth comes from digging deeper and integrating more molecular analysis which is the only way to stop compounding
risks at boundaries. A dynamic that an increasingly interconnected world ignores at all lour childrens’ costs.
or any of your colleagues would like to discuss these views at any time I would love to do so. Obviously my dad’s foundation
aims to use economics and exponential valuation to end poverty. I trust that some time in the future our paths will