The failure of the United Nations model of aiding developing countries by doling out money to their governments has failed because it is a top-down model of wealth distribution not unlike the model used, with no success, by the former Soviet Union.
Bangladesh, once called a “basket case” by Henry Kissinger, suffered the same fate as every other country where the government received foreign aid. The aid never reached the people most in need of it.
Nobel Peace Prize recipient Muhammad Yunus of Grameen Bank has demonstrated that micro-lending directly to the people is the best way to break the cycle of poverty. His bottom-up model of capitalism is the success story that is modern Bangladesh.
Salim Mansur, Professor Emeritus of Western University tells the story of that once war-torn and poverty stricken country and how one man, Muhammad Yunus turned it into a prospering nation.