I just hope that those who have the clout to implement its principles actually read it and put it in to practice! Such a loss!

Very relevant to India.
Like several other books that have taken a hard look at how to address third world poverty, this one shows how our current efforts are misdirected. A massive investigation of economic history in the service of proposing a political order to overcome inequality.Readers who like their political manifestoes in manageable sizes, à la Since 1960, $4.3 trillion spent on developmental assistance in poor countries. The authors' core argument is that a certain kind of innovation, called a "market-creating innovation," can help lift nations out of poverty by generating profits, creating jobs, and by orienting culture in more prosperous ways. Not one, which I was also surprised the author’s never delved into. This book talks about innovation and how under-developed markets can be viewed as a great opportunity for new businesses (provided they are offering a real need). The prosperity paradox : how innovation can lift nations out of poverty. You may review our His first book, The Innovator's Dilemma, articulated his theory of disruptive technology.Clayton M. Christensen is the Robert and Jane Cizik Professor of Business Administration at the Harvard Business School, with a joint appointment in the Technology & Operations Management and General Management faculty groups. So much insight into markets in countries all over the world, learnt a lot of that. His first book, The Innovator's Dilemma, articulated his theory of disruptive technology.“What could happen if we changed our emphasis from push to pull?

Market creating innovation is different from efficiency innovation (eg outsourcing for cheap labor), and sustainability innovation (enhancing existing products). Since its publication, emerging entrepreneurs and venture capitalists in low- and middle-income countries have been using Christensen’s framework to make the case for opportunities to build prosperity. Will need to own and mark up.Not his best book, but still better than anything elseGreat book on the failures of most current development efforts in third world countries. I believe Deirdre McCloskey, George Gilder, Michael Novak, among others, offer a better theory of how and why innovation occurs (McCloskey’s focus on rhetoric and Gilder’s on an information theory of capitalism, which is the most innovative theory I’ve ever read), at the macro level. Great examples. The chapter on corruption was also quite enlightening, applying the same concepts of local problem solving to address corrReally nice book on push vs. pull when trying to solve problems, with emphasis on developing regions. 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 authors did a great job in tackling a difficult problem, namely how to tackle poverty and create long-term economic and social prosperity.
A case in point is Mo Ibrahim, who, 20-odd years ago, saw that in Africa, with its lack of landline infrastructure, lay the opportunity to build a vast cellphone network to serve the continent’s billion people. The plan of the book is: first, to describe the various kinds of innovation, from efficiency, to sustaining, to market-creating; second, to review the history of economic development through these lenses; and third, to explore how to grapple with the various barriers to development--including by vertically integrating to account for more infrastructure and externalities than required in a 'developed' nation. By Clayton M. Christensen, Efosa Ojomo, and Karen Dillon Added February 28, 2019. Runs on market-worlder philosophy that market innovations can save the world (which I may just be too disillusioned by after reading Winners Take All to be impressed by the nuance offered here). Brutal Truth #1: Shrinkage & The Prosperity Paradox. Or computers sent to communities where there is no electricity. influencers in the know since 1933. They challenged many assumptions I had about the necessity of good governance and infrastructure prior to economic growth and development. Imagine how many markets could be created; imagine how many Tolarams, Nollywoods, M-PESAs, and other new-market creators could emerge; imagine how many jobs could be created. Nonetheless it was a good listen, provoked some thoughts about what I do currently in my home countryThis is an important book! A prosperity paradox is at play: efforts to solve visible signs of poverty don’t actually lead to lasting prosperity. A deftly argued case for a new kind of socialism that, while sure to inspire controversy, bears widespread discussion. Outstanding! We can’t end poverty by focusing on poverty. Great read.Clayton Christensen is one of my favourite thinkers. So the broken well becomes a monument showing how aid does not work. we became the empire, we put the world on the dollar standard, we had lots of resources, we successfully created a mixed economy, etc etc). Kahneman continually refers to System 2 as “lazy”: We don’t For centuries, economists have debated what brings about economic development, what are the best mechanisms for tackling poverty. Stop thinking about how we can rescue people from poverty; start looking for innovations and market opportunities in these economies.

I am so grateful to have been able to read this book, and so sad that professor Clayton M. Christensen is no longer with us.


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