The Prosperity Paradox

The Prosperity Paradox

Author: Clayton M. Christensen

Publisher: HarperCollins

Published: 2019-01-15

Total Pages: 415

ISBN-13: 0062851837

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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 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 co-authors 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 twenty 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 book 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 book; it is a call to action for anyone who wants a fresh take for making the world a better and more prosperous place.


Book Synopsis The Prosperity Paradox by : Clayton M. Christensen

Download or read book The Prosperity Paradox written by Clayton M. Christensen and published by HarperCollins. This book was released on 2019-01-15 with total page 415 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 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 co-authors 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 twenty 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 book 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 book; it is a call to action for anyone who wants a fresh take for making the world a better and more prosperous place.


The Land of Too Much

The Land of Too Much

Author: Monica Prasad

Publisher: Harvard University Press

Published: 2012-12-31

Total Pages: 306

ISBN-13: 0674071549

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The Land of Too Much presents a simple but powerful hypothesis that addresses three questions: Why does the United States have more poverty than any other developed country? Why did it experience an attack on state intervention starting in the 1980s, known today as the neoliberal revolution? And why did it recently suffer the greatest economic meltdown in seventy-five years? Although the United States is often considered a liberal, laissez-faire state, Monica Prasad marshals convincing evidence to the contrary. Indeed, she argues that a strong tradition of government intervention undermined the development of a European-style welfare state. The demand-side theory of comparative political economy she develops here explains how and why this happened. Her argument begins in the late nineteenth century, when America’s explosive economic growth overwhelmed world markets, causing price declines everywhere. While European countries adopted protectionist policies in response, in the United States lower prices spurred an agrarian movement that rearranged the political landscape. The federal government instituted progressive taxation and a series of strict financial regulations that ironically resulted in more freely available credit. As European countries developed growth models focused on investment and exports, the United States developed a growth model based on consumption. These large-scale interventions led to economic growth that met citizen needs through private credit rather than through social welfare policies. Among the outcomes have been higher poverty, a backlash against taxation and regulation, and a housing bubble fueled by “mortgage Keynesianism.” This book will launch a thousand debates.


Book Synopsis The Land of Too Much by : Monica Prasad

Download or read book The Land of Too Much written by Monica Prasad and published by Harvard University Press. This book was released on 2012-12-31 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Land of Too Much presents a simple but powerful hypothesis that addresses three questions: Why does the United States have more poverty than any other developed country? Why did it experience an attack on state intervention starting in the 1980s, known today as the neoliberal revolution? And why did it recently suffer the greatest economic meltdown in seventy-five years? Although the United States is often considered a liberal, laissez-faire state, Monica Prasad marshals convincing evidence to the contrary. Indeed, she argues that a strong tradition of government intervention undermined the development of a European-style welfare state. The demand-side theory of comparative political economy she develops here explains how and why this happened. Her argument begins in the late nineteenth century, when America’s explosive economic growth overwhelmed world markets, causing price declines everywhere. While European countries adopted protectionist policies in response, in the United States lower prices spurred an agrarian movement that rearranged the political landscape. The federal government instituted progressive taxation and a series of strict financial regulations that ironically resulted in more freely available credit. As European countries developed growth models focused on investment and exports, the United States developed a growth model based on consumption. These large-scale interventions led to economic growth that met citizen needs through private credit rather than through social welfare policies. Among the outcomes have been higher poverty, a backlash against taxation and regulation, and a housing bubble fueled by “mortgage Keynesianism.” This book will launch a thousand debates.


The Poverty Paradox

The Poverty Paradox

Author: Mark Robert (Herbert S. Hadley Professor of Social Welfare in the George Warren Brown School of Social Work Rank, Herbert S. Hadley Professor of Social Welfare in the George Warren Brown School of Social Work Washington University in St. Louis)

Publisher: Oxford University Press

Published: 2023

Total Pages: 225

ISBN-13: 0190212632

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"This book has been quite some time in the making. Across a number of years I have researched, taught, and written about poverty. In my opinion, there are few topics of greater importance. It is a dominant and disturbing feature of the American landscape. Yet despite the hundreds of books, articles, reports, and programs addressing the issue, the United States continues to have the highest rates of poverty among the wealthy countries"--


Book Synopsis The Poverty Paradox by : Mark Robert (Herbert S. Hadley Professor of Social Welfare in the George Warren Brown School of Social Work Rank, Herbert S. Hadley Professor of Social Welfare in the George Warren Brown School of Social Work Washington University in St. Louis)

Download or read book The Poverty Paradox written by Mark Robert (Herbert S. Hadley Professor of Social Welfare in the George Warren Brown School of Social Work Rank, Herbert S. Hadley Professor of Social Welfare in the George Warren Brown School of Social Work Washington University in St. Louis) and published by Oxford University Press. This book was released on 2023 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book has been quite some time in the making. Across a number of years I have researched, taught, and written about poverty. In my opinion, there are few topics of greater importance. It is a dominant and disturbing feature of the American landscape. Yet despite the hundreds of books, articles, reports, and programs addressing the issue, the United States continues to have the highest rates of poverty among the wealthy countries"--


The Paradox Of Wealth And Poverty

The Paradox Of Wealth And Poverty

Author: Daniel Little

Publisher: Routledge

Published: 2018-02-07

Total Pages: 304

ISBN-13: 0429964579

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We live in a time of human paradoxes. Scientific knowledge has reached a level of sophistication that permits understanding of the most arcane phenomena and yet religious fundamentalism dominates in many parts of the world. We witness the emergence of a civil, liberal constitutionalism in many regions of the world and yet ethnic violence threatens the lives and dignity of millions. And we live in a time of rapid economic and technological advance and yet several billions of people live in persistent debilitating poverty. In this book, Daniel Little dissects these paradoxes offering the clearest perspective on how best to approach international development.Using both empirical and philosophical approaches, Little provides a schematic acquaintance with the most important facts about global development at the turn of the twentieth century. In doing so, he explores what appear to be the most relevant moral principles and insights that ought to be invoked as we consider these facts and then draws conclusions about what sorts of values and goals ought to guide economic development in the twenty-first century.


Book Synopsis The Paradox Of Wealth And Poverty by : Daniel Little

Download or read book The Paradox Of Wealth And Poverty written by Daniel Little and published by Routledge. This book was released on 2018-02-07 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: We live in a time of human paradoxes. Scientific knowledge has reached a level of sophistication that permits understanding of the most arcane phenomena and yet religious fundamentalism dominates in many parts of the world. We witness the emergence of a civil, liberal constitutionalism in many regions of the world and yet ethnic violence threatens the lives and dignity of millions. And we live in a time of rapid economic and technological advance and yet several billions of people live in persistent debilitating poverty. In this book, Daniel Little dissects these paradoxes offering the clearest perspective on how best to approach international development.Using both empirical and philosophical approaches, Little provides a schematic acquaintance with the most important facts about global development at the turn of the twentieth century. In doing so, he explores what appear to be the most relevant moral principles and insights that ought to be invoked as we consider these facts and then draws conclusions about what sorts of values and goals ought to guide economic development in the twenty-first century.


The Economics of Poverty Traps

The Economics of Poverty Traps

Author: Christopher B. Barrett

Publisher: University of Chicago Press

Published: 2018-12-07

Total Pages: 425

ISBN-13: 022657430X

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What circumstances or behaviors turn poverty into a cycle that perpetuates across generations? The answer to this question carries especially important implications for the design and evaluation of policies and projects intended to reduce poverty. Yet a major challenge analysts and policymakers face in understanding poverty traps is the sheer number of mechanisms—not just financial, but also environmental, physical, and psychological—that may contribute to the persistence of poverty all over the world. The research in this volume explores the hypothesis that poverty is self-reinforcing because the equilibrium behaviors of the poor perpetuate low standards of living. Contributions explore the dynamic, complex processes by which households accumulate assets and increase their productivity and earnings potential, as well as the conditions under which some individuals, groups, and economies struggle to escape poverty. Investigating the full range of phenomena that combine to generate poverty traps—gleaned from behavioral, health, and resource economics as well as the sociology, psychology, and environmental literatures—chapters in this volume also present new evidence that highlights both the insights and the limits of a poverty trap lens. The framework introduced in this volume provides a robust platform for studying well-being dynamics in developing economies.


Book Synopsis The Economics of Poverty Traps by : Christopher B. Barrett

Download or read book The Economics of Poverty Traps written by Christopher B. Barrett and published by University of Chicago Press. This book was released on 2018-12-07 with total page 425 pages. Available in PDF, EPUB and Kindle. Book excerpt: What circumstances or behaviors turn poverty into a cycle that perpetuates across generations? The answer to this question carries especially important implications for the design and evaluation of policies and projects intended to reduce poverty. Yet a major challenge analysts and policymakers face in understanding poverty traps is the sheer number of mechanisms—not just financial, but also environmental, physical, and psychological—that may contribute to the persistence of poverty all over the world. The research in this volume explores the hypothesis that poverty is self-reinforcing because the equilibrium behaviors of the poor perpetuate low standards of living. Contributions explore the dynamic, complex processes by which households accumulate assets and increase their productivity and earnings potential, as well as the conditions under which some individuals, groups, and economies struggle to escape poverty. Investigating the full range of phenomena that combine to generate poverty traps—gleaned from behavioral, health, and resource economics as well as the sociology, psychology, and environmental literatures—chapters in this volume also present new evidence that highlights both the insights and the limits of a poverty trap lens. The framework introduced in this volume provides a robust platform for studying well-being dynamics in developing economies.


The Paradox of Africa's Poverty

The Paradox of Africa's Poverty

Author: Tirfe Mammo

Publisher: The Red Sea Press

Published: 1999

Total Pages: 292

ISBN-13: 9781569020494

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Taking Ethiopia as a case study, this work examines the prevailing views on the poverty of much of Africa and argues that the current situation can be reversed by attacking the root causes of poverty - once they are properly understood.


Book Synopsis The Paradox of Africa's Poverty by : Tirfe Mammo

Download or read book The Paradox of Africa's Poverty written by Tirfe Mammo and published by The Red Sea Press. This book was released on 1999 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: Taking Ethiopia as a case study, this work examines the prevailing views on the poverty of much of Africa and argues that the current situation can be reversed by attacking the root causes of poverty - once they are properly understood.


The Poverty Paradox

The Poverty Paradox

Author: Rank Mark Robert

Publisher:

Published: 2023

Total Pages: 0

ISBN-13: 9780197677513

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"This book has been quite some time in the making. Across a number of years I have researched, taught, and written about poverty. In my opinion, there are few topics of greater importance. It is a dominant and disturbing feature of the American landscape. Yet despite the hundreds of books, articles, reports, and programs addressing the issue, the United States continues to have the highest rates of poverty among the wealthy countries"--


Book Synopsis The Poverty Paradox by : Rank Mark Robert

Download or read book The Poverty Paradox written by Rank Mark Robert and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book has been quite some time in the making. Across a number of years I have researched, taught, and written about poverty. In my opinion, there are few topics of greater importance. It is a dominant and disturbing feature of the American landscape. Yet despite the hundreds of books, articles, reports, and programs addressing the issue, the United States continues to have the highest rates of poverty among the wealthy countries"--


The Poverty Industry

The Poverty Industry

Author: Daniel L. Hatcher

Publisher: NYU Press

Published: 2016-06-21

Total Pages: 287

ISBN-13: 1479874728

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"Hatcher [posits that] state governments and their private industry partners are profiting from the social safety net, turning America's most vulnerable populations into sources of revenue"--


Book Synopsis The Poverty Industry by : Daniel L. Hatcher

Download or read book The Poverty Industry written by Daniel L. Hatcher and published by NYU Press. This book was released on 2016-06-21 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Hatcher [posits that] state governments and their private industry partners are profiting from the social safety net, turning America's most vulnerable populations into sources of revenue"--


The Other America

The Other America

Author: Michael Harrington

Publisher: Simon and Schuster

Published: 1997-08

Total Pages: 254

ISBN-13: 068482678X

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Examines the economic underworld of migrant farm workers, the aged, minority groups, and other economically underprivileged groups.


Book Synopsis The Other America by : Michael Harrington

Download or read book The Other America written by Michael Harrington and published by Simon and Schuster. This book was released on 1997-08 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines the economic underworld of migrant farm workers, the aged, minority groups, and other economically underprivileged groups.


The Paradox of Poverty

The Paradox of Poverty

Author: Paul Steidlmeier

Publisher: Ballinger Publishing Company

Published: 1987

Total Pages: 350

ISBN-13: 9780887301841

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Affirming that North American economic development literature has generally overemphasised the variables of population, resources and technology in its analysis of poverty and hunger, this research attempts to be comprehensive by integrating the role of social power and participation, as well as that of culture.


Book Synopsis The Paradox of Poverty by : Paul Steidlmeier

Download or read book The Paradox of Poverty written by Paul Steidlmeier and published by Ballinger Publishing Company. This book was released on 1987 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: Affirming that North American economic development literature has generally overemphasised the variables of population, resources and technology in its analysis of poverty and hunger, this research attempts to be comprehensive by integrating the role of social power and participation, as well as that of culture.