The Prosperity Paradox: How Innovation Can Lift Nations Out of Poverty Hardcover – Illustrated, 15 January 2019
Frequently bought together
- Language : English
- Hardcover : 368 pages
- ISBN-10 : 0062851829
- ISBN-13 : 978-0062851826
- Best Sellers Rank: 19,120 in Books (See Top 100 in Books)
- Customer 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
From the Back Cover
Resolving the Paradox
Starving children on street corners. Slums without adequate clean water and sanitation. Hopeless prospects for employment amid a growing youth population. Most of us are moved by the painful signs of poverty we see in poor countries all around the world. Though some progress has been made, upwards of 750 million people still live in extreme poverty, surviving on less than $1.90 a day. We all want to help. But what might seem to be the most obvious solution to these problems--directly assisting poor countries by investing to fix these visible signs of poverty--has not been as successful as many of us would like. You only have to look at the billions of dollars that have been channeled to these problems over the years with relatively slow progress to conclude that something is not quite right. With these efforts, we may be easing poverty for some--but we're not moving the needle enough long term.
What if we considered this problem through a different lens? What if, instead of trying to fix the visible signs of poverty, we focused instead on creating lasting prosperity? This may require a counterintuitive approach to economic development, but one that will cause you to see opportunities where you might least expect them. We wrote this book to celebrate the role innovation can play, even in the most difficult of circumstances, in creating and sustaining prosperity even in some of the most desperate parts of the world. By supporting and investing in market-creating innovations, we inadvertently engage in nation building.
No customer reviews
|5 star (0%)||0%|
|4 star (0%)||0%|
|3 star (0%)||0%|
|2 star (0%)||0%|
|1 star (0%)||0%|
Review this product
Most helpful customer reviews on Amazon.com
The book is effective in spelling out support for its thesis. Starting with the idea that every nation has the potential for extraordinary growth - what the authors call "nonconsumption" - the book goes on to detail examples where nations (e.g. Singapore, South Korea, Japan) and innovative organizations (e.g. Aravind in India, Celtel throughout much of Africa, etc.) have taken advantage of this potential. What the authors do so well, however, is not just to list out examples of innovative companies and policies, but rather to devise a complete framework based on those successful examples listed that can in turn be replicated in other cases. For instance, the authors argue that infrastructure development should be pulled in alongside to support a market-developing innovation rather than pushed down via institutions in the absence of that innovation, go on to list positive examples, and then analyze exactly why pulling worked better than pushing. In developing their framework for how nations can aim towards prosperity, the authors are doing policymakers a great favor.
Another aspect which I appreciated about the Prosperity Paradox was the intuition and empathy with which the researchers approached development. Take the chapter on corruption, for instance. The authors argue that corruption can often times accompany development simply because, in some situations, it can meet people's needs and their desire for progress better than legal means. If policymakers can focus on offering their populations alternatives that are more attractive than corruption (e.g. jobs that pay sufficient money, upward mobility, etc.), then those states would have a chance to tackle corruption long-term. This stands in stark contrast to common belief that simply investing in strict anti-corruption initiatives or electing governments that promise to end corruption will in fact end that corruption.
Most importantly, though, the authors profess hope for nations in poverty. As they state in the last chapter, the authors believe that the Prosperity Paradox can become a Prosperity Process that is sustained by a continuous commitment to innovation. The examples in the appendix only provide more hope of a brighter future, as we can witness entrepreneurs all around the globe working with limited resources in different, challenging environments to solve the real problems faced by people daily.
On this basis, it's not hard to see why The Prosperity Paradox is currently an Amazon best seller.
I found the history lessons in American economic development (Singer, Eastman, Ford, Giannini) fascinating, as well as parallel examples in Asia. The authors research is profound and compelling, yet very easy and pleasurable to consume over a few sittings.
While this book keeps its focus on global opportunities, I’m inspired by how the authors thinking could be applied locally, to struggling communities within my country. (U.S.) This is hinted at in the Appendix - Disney in Detroit. The notion of fostering pull rather than push is very powerful, as is the focus on non-consumption.
Whether you are new to the theories of Disruptive Innovation and Jobs to be Done, or well-acquainted with them, this is an important book that should be at the top of your 2019 reading list.