Title: The Prosperity Paradox : How Innovation Can Lift Nations Out oF Poverty
Global poverty is one of the world’s toughest problems. For decades, we assumed that smart, well-meaning people could eventually change the economic trajectory of poor countries. From education to healthcare, from infrastructure to stamping out corruption, too many solutions rely on trial and error. Essentially, the plan is often to identify areas that need help, flood them with resources, and hope to see changes over time.
But hope is not an effective strategy.
Clayton M. Christensen and his co-authors reveal a paradox at the heart of our approach to solving poverty. While noble, our current solutions do not produce consistent results and in some cases have exacerbated the problem. At least twenty countries that have received billions of dollars in aid are poorer today.
Applying the rigorous, theoretical analysis for which he is known, Christensen suggests a better way. The right kind of innovation not only builds companies, but also countries. The Prosperity Paradox identifies the limits of common economic development models, which tend to be top-down efforts, and proposes a new framework for economic growth based on entrepreneurship and market-creating innovation. Christensen, Ojomo and Dillon use successful examples of American economic development, including Ford, Eastman Kodak and Singer Sewing Machines, and show how similar models have worked in other regions such as Japan, South Korea, Nigeria, Rwanda, India and Argentina. , and Mexico.
The insights in this book will help businesses desperate for real, long-term growth see real, lasting progress where they’ve failed before. But The Prosperity Paradox is more than a business book; it’s a call to action for anyone who wants a new approach to making the world a better and more prosperous place.
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