The Prosperity Paradox: How Innovation Can Lift Nations Out of Poverty
Written by Clayton M. Christensen, Efosa Ojomo and Karen Dillon
Narrated by Mike Chamberlain
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About this audiobook
Clayton M. Christensen, the author of such business classics as The Innovator’s Dilemma and the New York Times best-seller How Will You Measure Your Life, and coauthors 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 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 coauthors 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 20 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 audiobook 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 audiobook; it is a call to action for anyone who wants a fresh take for making the world a better and more prosperous place.
Clayton M. Christensen
CLAYTON M. CHRISTENSEN (1952–2020) was the Kim B. Clark Professor at Harvard Business School, the author of nine books, a five-time recipient of the McKinsey Award for Harvard Business Review’s best article, and the cofounder of four companies, including the innovation consulting firm Innosight. In 2011 and 2013 he was named the world’s most influential business thinker in a biennial ranking conducted by Thinkers50.
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Reviews for The Prosperity Paradox
136 ratings16 reviews
- Rating: 4 out of 5 stars4/5It was a real eye opener. New concepts were taught. But the last 30% of the book somehow dragged the book.
- Rating: 5 out of 5 stars5/5Excellent book. Listened from start to end. Highly recommended for anyone who wants to help empower developing nations
- Rating: 5 out of 5 stars5/5It is possible that my foundation of previous books on public policy and National development may have served as a foundation but I reckon this book to be the best in helping countries and individuals build and sustain wealth. I recommend without holding back!
- Rating: 5 out of 5 stars5/5Fantastic, revolutionary book. I am passionate about improving things in the developing world and this book provides the correct approach of doing that. Thanks to the authors for putting it together.
- Rating: 5 out of 5 stars5/5This book is one of the few that I can add to my collection of "everyone should read it more than once". It gives a broad perspective of the world, with plenty of examples of how innovation truly works to bring prosperity and get out of poverty.
- Rating: 5 out of 5 stars5/5Great book! A must read for everyone :) lots of info!
- Rating: 5 out of 5 stars5/5Great to listen and give inspiration in doing inovation on our daily life. Good example in prosperity of a nation and sustainability
- Rating: 5 out of 5 stars5/5Love this book, especially the concept of non consumption. Thanks to the author.
- Rating: 5 out of 5 stars5/5This book made me look at the world through a whole new lens. They really highlight how innovation can have a significant impact on developing nations.
- Rating: 5 out of 5 stars5/5Best business book I will always recommend. Well researched and well targeted
- Rating: 5 out of 5 stars5/5I am short of words Clayton is a "genious". Thanks
- Rating: 5 out of 5 stars5/5Wow! This book helped me see the world thorough different lenses. Well thought out book. Thank you sir. This is a master piece. I wish every world leader read your book, the world would be a much better place.
- Rating: 5 out of 5 stars5/5Clayton’s innovation models and his view of the world is amazing. What he postulates for nations and prosperity is expandable to business and individuals. It’s a great lens to look thru and as a business agility coach I add these to my other lenses to create a powerful lens for creating competitive advantage.
One suggestion though. I reread all his previous books in sequence again to put myself into Clayton’s shoes to see how he evolved his ideas over a period of two decades or more.
A must read including his previous publications.2 people found this helpful
- Rating: 5 out of 5 stars5/5One book I couldn’t find a binding argument in the opposition.
- Rating: 4 out of 5 stars4/5Use many examples to explain an easy idea. Inspiring but may not need to read through it all.
- Rating: 5 out of 5 stars5/5A great guide to life nations out of poverty. By encouraging market creating innovation by entrepreneurs who solve local market problems and convert non consumers into consumers. This way growing new industries and creating jobs that never existed.
1 person found this helpful