num_pages: 368
description: Clayton M. Christensen the author of such business classics as The Innovators Dilemma and the New York Times bestseller How Will You Measure Your Life and co-authors Efosa Ojomo and Karen Dillon reveal why so many investments in economic development fail to generate sustainable prosperity and offers a groundbreaking solution for true and lasting change.Global poverty is one of the worlds most vexing problems. For decades weve 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 companiesbut 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 Americas 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 theyve 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.
language: None
title: The Prosperity Paradox: How Innovation Can Lift Nations Out of Poverty
publisher: Harper Business