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Nobel laureate Yunus sees COVID-19 as chance to redesign economy

Bangladeshi microcredit founder says common interest must now take precedence

Muhammad Yunus, winner of the Nobel Peace Prize, says that economic thinking has focused on business as something that is pursued out of self-interest. But he stresses that now more emphasis should be placed on the common interest.

TOKYO -- Besides causing human suffering and economic loss, the coronavirus pandemic has brought about stark divisions within individual countries as well as internationally. But the COVID-19 crisis provides a huge opportunity to redesign economics, finance and society on a global scale, Muhammad Yunus, winner of the Nobel Peace Prize and founder of Bangladeshi microfinance organization Grameen Bank, said in an interview with the Nikkei Asian Review.

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