New Delhi: The Covid-19 pandemic has revealed the economy’s ugly truth that it does not recognise informal sector like women and migrant workers mainly because of the Western bias in handling the financial systems, Bangladeshi economist and Nobel laureate Muhammad Yunus said on Friday.
In an online interaction with Congress leader Rahul Gandhi, Yunus proposed an autonomous rural economy as a solution to this problem. It was a part of a series of video conversations Gandhi has held with global and Indian thought leaders to discuss the Covid-19 crisis and its consequences on the country’s economy.
Yunus said the rural economy has become an appendix to the urban economy. “Again, a traditional western way of looking at the urban economy… [as] the hub of activities...Read More