[Pdf] (The Prosperity Paradox: How Innovation Can Lift Nations Out of Poverty)
Inating as well as parallel xamples in Asia The authors research is profound and compelling yet very asy and pleasurable to consume over a few sittingsWhile 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 US 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 consumptionWhether you are new to the theories of Disruptive Innovation and Jobs to be Done or well acuainted with them this is an important book that should be at the top of your 2019 reading list The book is about how countries can come out of poverty The authors cite several xample South Korea Japan and US However the biggest and most profound Losing My Virginity and Other Dumb Ideas economic transformation of the past 100 years is completely overlooked CHINA The book misses thislephant in the room The rise of china out of poverty to become an The Magic Rolling Pin economic superpower has not followed the trajectory the authors propose Eually important is India which only find a passing mention While the book is readable it lacks depth and seems like a business book The authors did a GREAT job in tackling a difficult problem namely how to tackle poverty and create long termconomic and social prosperity The Prosperity Paradox team s answer is simple yet powerful Indecent... Exposure (Indecent, even if it sounds counterintuitivenduring prosperity for less developed countries will not come from fixing poverty but rather from investing in innovations that create new markets within these countriesThe book is Not Without a Fight effective in spelling out support for its thesis Starting with the idea thatvery nation has the potential for Garden Bouquets and Beyond extraordinary growth what the authors call nonconsumption the book goes on to detailxamples where nations The Unseen Wonder eg Singapore South Korea Japan and innovative organizationsg Aravind in India Celtel throughout much of Africa The Management Bible etc have taken advantage of this potential What the authors do so well. Ainable prosperity and offers a groundbreaking solution for true and lasting changeGlobal poverty is one of the world’s most vexing problems For decades we’ve assumed smart well intentioned people willventually be able to change the conomic trajectory of poor countri.
This book has been well thought out well reasoned and is a great work addressing challenges in the developing world as an xcellent follow on to the disruptive innovation work that has defined Christensen s career Efosa Ojomo and Karen Dillon as Sleepless (Bird of Stone, excellent co authors and their insights shine through as well This book should be reuired reading forvery course on international development at very business school and very 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 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 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 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 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 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 countriesI found the history lessons in American conomic development Singer Eastman Ford Giannini fasc. Clayton M Christensen the author of such business classics as The Innovator’s 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 conomic development fail to generate sust.
However is not just to list out Invisible (The Curse of Avalon examples of innovative companies and policies but rather to devise a complete framework based on those successfulxamples 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 Yummy Supper examples and then analyzexactly why pulling worked better than pushing In developing their framework for how nations can aim towards prosperity the authors are doing policymakers a great favorAnother aspect which I appreciated about the Prosperity Paradox was the intuition and mpathy 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 attractive than corruption g jobs that pay sufficient money upward mobility Deep Listening 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 orlecting governments that promise to nd corruption will in fact nd that corruptionMost 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 Evolution, Me Other Freaks of Nature examples in the appendix only provide hope of a brighter future as we can witnessntrepreneurs all around the globe working with limited resources in different challenging Lara and the Gray Mare (Hoofbeats: Lara and the Gray Mare, environments to solve the real problems faced by people dailyOn this basis it s not hard to see why The Prosperity Paradox is currently an best seller. Es Fromducation to healthcare infrastructure to Trajan eradicating corruption too many solutions rely on trial andrror Essentially the plan is often to identify areas that need help flood them with resources and hope to see change over timeBut hope is not an ffective strategy.