The Prosperity Paradox: How Innovation Can Lift Nations Out of Poverty. Clayton M. Christensen, Efosa Ojomo, and Karen Dillon, Harper Business, 2019, 282 PP, ISBN 9780062851826

Abstract

The book "The Prosperity Paradox" by Clayton M. Christensen and his co-authors emphasizes the significance of innovation in creating prosperity and combating poverty. The authors focus on market-creating innovation, which has worked well in regions such as Japan, South Korea, Nigeria, Rwanda, India, Argentina, and Mexico. The book describes the failures of typical development aid efforts to fight poverty and the effectiveness of market-creating innovations. The authors provide recommendations for innovators, entrepreneurs, government, and business leaders on how to combat poverty and solve prevalent corruption and infrastructure miseries. The book is well-structured into four sections, providing a comprehensive analysis of the prosperity paradox. The authors share their firsthand experience and participant observations to closely observe and analyze why some countries succeed while others suffer in deep poverty. The book is written for those working to rid the world of poverty, investors, innovators, entrepreneurs, policy-makers, and anyone interested in understanding the causal interactions between prosperity and innovation.