Free Ebook The Prosperity Paradox: How Innovation Can Lift Nations out of Poverty
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The Prosperity Paradox: How Innovation Can Lift Nations out of Poverty
Free Ebook The Prosperity Paradox: How Innovation Can Lift Nations out of Poverty
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Audible Audiobook
Listening Length: 9 hours and 37 minutes
Program Type: Audiobook
Version: Unabridged
Publisher: HarperAudio
Audible.com Release Date: January 15, 2019
Language: English, English
ASIN: B07KFLTT8B
Amazon Best Sellers Rank:
The authors did a GREAT job in tackling a difficult problem, namely how to tackle poverty and create long-term economic and social prosperity. The Prosperity Paradox team's answer is simple, yet powerful: even if it sounds counterintuitive, enduring prosperity for less developed countries will not come from fixing poverty, but rather from investing in innovations that create new markets within these countries.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 wish we could magically deliver this powerful book to the nightstands of political and business leaders worldwide. The Prosperity Paradox brings the insightful theories of Dr. Clay Christensen to bear on the world’s most challenging issues that impact billions of people. It offers a positive, hopeful view of how focusing on market-creating innovations can transform institutions, cultures and countries.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.
The book makes a profound and correct observation that our common view of a major global problem has a serious flaw! Whether it's Africa or the US, we shouldn't be focused on beating poverty. Instead, we should focus on bringing prosperity, a much more lasting and independent concept. Although much of the discussions in the book are centered in Africa, I believe this book is just as relevant, if not more, to our backyards and inner city streets where we continue to witness major poverty-related problems. Christensen makes it very clear that beating poverty is not a gradual process. It is more of a big jump supported by innovations that create new markets. We don't create good jobs by handing out things, but by creating new products and services that open up new markets. That was true a hundred years ago, and that is true today! This book contains one of the most significant macroeconomic observations in the past 50 years!
It’s been a long time since I read one of Christianson’s books. This one has some really good ideas. I’ve often wondered why some countries stay poor even when they have a wealth of resources. I believed it was cultural, but I think I may be wrong. The South Korea example is perfect. They created prosperity through their choice of markets. Countries that focus on infrastructure and aid never seem to improve. We see the same thing in our cities. What if they focused on unserved markets instead of welfare. It might make a difference.
This book has been well- thought out, well-reasoned, and is a great work addressing challenges in the developing world as an excellent follow-on to the disruptive innovation work that has defined Christensen's career. Efosa Ojomo and Karen Dillon as excellent co-authors and their insights shine through as well. This book should be required reading for every course on international development at every business school and every public policy school! All International Dev professionals should have this book in their personal and office libraries! Can't wait for the next installment from this dynamic trio!
Truly great book. Very easy read. Also extremely insightful. Great for people passionate about creating lasting sustainable change. Found it hard to put it down when I started reading.
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