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The Prosperity Paradox
How Innovation Can Lift Nations Out of Poverty
By: Clayton M. Christensen, Efosa Ojomo (As told to), Karen Dillon (Editor)
Hardcover | 24 January 2019
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Global poverty is one of the world's most vexing problems. For decades, we've assumed smart, well-intentioned people will eventually be able to change the economic trajectory of poor countries. From education to healthcare, infrastructure to eradicating 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 change 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 are not producing consistent results, and in some cases, have exacerbated the problem. At least twenty countries that have received billions of dollars' worth of aid are poorer now.
Applying the rigorous and theory-driven analysis he is known for, Christensen suggests a better way. The right kind of innovation not only builds companies-but also builds countries. The Prosperity Paradox identifies the limits of common economic development models, which tend to be top-down efforts, and offers a new framework for economic growth based on entrepreneurship and market-creating innovation. Christensen, Ojomo, and Dillon use successful examples from America's own economic development, including Ford, Eastman Kodak, and Singer Sewing Machines, and shows how similar models have worked in other regions such as Japan, South Korea, Nigeria, Rwanda, India, Argentina, and Mexico.
The ideas in this book will help companies desperate for real, long-term growth see actual, sustainable progress where they've failed before. But The Prosperity Paradox is more than a business book; it is a call to action for anyone who wants a fresh take for making the world a better and more prosperous place.
About the Author
Clayton M. Christensen is the Kim B. Clark Professor of Business Administration at the Harvard Business School. In addition to his most recent book, How Will You Measure Your Life, he is the author of seven critically-acclaimed books, including several New York Times bestsellers — The Innovator''s Dilemma, The Innovator''s Solution and most recently, Disrupting Class.
Christensen is the co-founder of Innosight, a management consultancy; Rose Park Advisors, an investment firm; and the Innosight Institute, a non-profit think tank. In 2011, he was named the world’s most influential business thinker by Thinkers50.A native of Australia, James Allworth is a graduate of the Harvard Business School, where he was named a Baker Scholar, and the Australian National University. He writes regularly for the Harvard Business Review. He has previously worked at Booz & Company, and Apple.
About the Editor
Karen Dillon was Editor of the Harvard Business Review until 2011. She previously served as deputy editor of Inc magazine and was editor and publisher of the critically-acclaimed American Lawyer magazine. She is a graduate of Cornell University and Northwestern University’s Medill School of Journalism. In 2011, she was named by Ashoka as one of the world’s most influential and inspiring women.
Industry Reviews
"The Prosperity Paradox will fundamentally change the conversation about the role of philanthropy in development. As Christensen, Ojomo, and Dillon capture perfectly, to tackle truly important problems, we need to reset our current thinking. Market-creating innovation needs to play a critical role in enabling a path out of poverty through market-driven solutions. Most foundations do not exercise the power they have to provide catalytic capital to engage in high risk ventures that may unlock sustainable replicable and scalable game changing solutions." -- Irene Pritzker, President & Chief Executive Officer, IDP Foundation, Inc.
"Clayton Christensen's latest book The Prosperity Paradox is a must-read. Powerful, persuasive, and wonderfully written, Christensen and his coauthors make a compelling case for the game-changing role of innovation in some of the world's most desperate economies." -- Eric Schmidt, Former Executive Chairman of Google and Alphabet
"The Prosperity Paradox is a manifesto and a call to action for those who recognize that our survival depends on creating opportunity. This book will help innovators be more compassionate. And the compassionate be more innovative." -- Tom Fletcher, CMG, former UK Ambassador and author of The Naked Diplomat
"The Prosperity Paradox by Clayton Christensen, Efosa Ojomo, and Karen Dillon is a timely must-read on the mindset change that turns poverty into opportunity and enables the creation of sustainable prosperity. As World Bank Treasurer, I saw first-hand how the innovative approaches described in this compelling easy to read primer empowers development practitioners and businesses to seek out these profitable opportunities." -- Arunma Oteh, former World Bank Treasurer
"The rise of any economy, local or global, must be fueled by innovative entrepreneurs willing to build new markets. With The Prosperity Paradox, Christensen, Ojomo, and Dillon offer powerful insight and guidance on how we can channel our efforts to create jobs, generate growth, and impact individual lives all over the world." -- Steve Case, Chairman & CEO of Revolution and co-founder of AOL
"Prosperity Paradox is the most important business book since Peter Drucker. It will dramatically change all initiatives on development and well beyond - starting with venture capital and entrepreneurship. It is a must-read for anyone who cares about sustainable economic development." -- Eduardo Braun, Leader of the Advisory Board, Buenos Aires Innovation Park and author of People First Leadership
"The Prosperity Paradox perfectly illustrates the need for investment and support for local innovators. Christensen, Ojomo and Dillon show how real entrepreneurs have created booming businesses in low- and middle-income countries, while generating economic growth. This book is necessary for any entrepreneur who wants to create positive and lasting change, and for any government official or investor who wants a better way to spur global development." -- Matias Recchia, Co-Founder and CEO of IguanaFix
"I can't recommend this book highly enough. Christensen, Ojomo, and Dillon deeply understand both the challenges and opportunities of innovating in unexpected places - and the satisfaction of creating a market that enables prosperity to thrive." -- Richard Leftley, Chief Executive Officer of MicroEnsure
ISBN: 9780062851826
ISBN-10: 0062851829
Published: 24th January 2019
Format: Hardcover
Language: English
Number of Pages: 368
Audience: General Adult
Publisher: HarperCollins Publishers
Country of Publication: US
Dimensions (cm): 23.8 x 16.3 x 3.1
Weight (kg): 0.53
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You Can Find This Book In
This product is categorised by
- Non-FictionEconomicsDevelopment Economics & Emerging Economies
- Non-FictionBusiness & ManagementManagement & Management Techniques
- Non-FictionBusiness & ManagementBusiness Strategy
- Non-FictionEconomicsEconomic Growth
- Non-FictionReference, Information & Interdisciplinary SubjectsInterdisciplinary StudiesDevelopment Studies