Bangladeshi banker and economist Muhammad Yunus has long been acknowledged as a man of ideas, having won the Nobel Peace Prize in 2006 for his grassroots Grameen Bank and the U.S. Congressional Gold Medal in 2010. His latest award came Tuesday when he received the 2013 National Human Rights Award from the Bangladesh Human Rights Commission.
As the apparel industry in Bangladesh has gone through a period of trauma over the last nine months with the deaths of more than 1,200 workers Yunus has spoken about some of the key issues at hand, using his business acumen and perspective to shed light on a situation that sometimes seemed impossible to resolve as workers blamed employers who blamed international retailers and so on. Here, Yunus talks with WWD about some of his recent initiatives and concerns. One of the immediate action items is a transparency index.
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