One hopeful program for combating poverty came from the Grameen Bank, founded by Bangladeshi economist Muhammad Yunus. It gave tiny loans, or “microcredit,” to poor people so they could open small businesses. Many of the beneficiaries were poor village women who used the funds to buy dairy cows or set up small crafts businesses. Although microcredit helped only a few, it offered a model to poor nations around the world. In 2006, Yunus was awarded the Nobel Peace Prize for his efforts. Since then, many organizations have begun to offer microcredit to millions of the world's poorest families. Such loans helped people create their own jobs, earn enough to educate their children, and gain respect within their communities.
In 1983, the Nonaligned Movement held a summit in India. Ugandan president Dr. Apolo Milton Obote and Indian president Zail Singh (front) gathered with other leaders of developing nations.
How does geography pose challenges for Bangladesh?
India and Pakistan were among the first of more than 90 new nations to emerge after World War II. By the 1930s, nationalist movements had taken root in European colonies across Africa, Asia, and the Middle East. After India and Pakistan gained independence, nationalist leaders in other regions demanded the same for their countries.
India, Pakistan, and other new nations condemned colonialism. They also rejected Cold War expansion and the divisions between the West and the Soviet Union. In response, they sought nonalignment, or political and diplomatic independence from the Cold War superpowers. In 1955, India and Pakistan helped organize a conference of newly independent nations in Bandung, Indonesia, which marked the birth of the nonaligned movement.
The nonaligned movement had its first formal meeting in 1961 in Yugoslavia. India was a leader of the nonaligned movement, which came to include more than 100 nations, mainly in Asia, Africa, and Latin America. Because they rejected both the Western allies, or the First World, and the Soviet alliance, or the Second World, the Nonaligned Movement was seen as the voice of a “Third World” of countries.
What important global role did India and Pakistan play after independence?
Southeast Asia includes part of the Asian mainland and thousands of islands that stretch from the Indian Ocean to the South China Sea. In 1939, most of the region was under colonial rule by European nations or the United States. During World War II, Japan seized the region. After the war, nationalist groups demanded independence and resisted reoccupation by European nations.
Mainland Southeast Asia is a region of contrasts. Thailand and Malaysia have mostly prospered as market economies, although they have been affected by global financial crises. However, nearby Myanmar has suffered under a brutal autocratic, or repressive, government with unlimited power.
British colonies on the Malay Peninsula and the island of Borneo gained independence in the 1950s and joined to form the nation of Malaysia. The oil-rich monarchy of Brunei, on Borneo, and the prosperous city-state of Singapore gained independence as separate nations.