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The Prosperity Paradox: How Innovation Can Lift Nations Out of Poverty

The Prosperity Paradox: How Innovation Can Lift Nations Out of Poverty


The Prosperity Paradox: How Innovation Can Lift Nations Out of Poverty

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Learn how emerging technologies can bring fresh economic opportunities to developing nations around the world.

<p>Poverty in developing nations is causing human suffering on a massive scale, and despite receiving billions of dollars in aid from wealthy countries, many communities are poorer now than they were before. In this Snapshot, you’ll explore Harvard business professor Clayton Christensen’s framework for economic growth. His research shows that top-down models of charity do not produce consistent results, and economic aid based on innovation and entrepreneurship is more likely to succeed. </p><br>

Read this Snapshot if you:

  • Want to learn more about efforts to combat global poverty
  • Are interested in understanding why poor countries struggle to succeed
  • Wonder which models of economic development work
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Introduction

Around the world, people are forced to choose between feeding their children, caring for the elderly in their families, or tending to basic needs such as healthcare and education. In developing nations, the suffering caused by a lack of resources and infrastructure is especially acute. In these countries, violence, corruption, and disorder create living conditions characterized by hunger, disease, and desperation. Unfortunately, for many of the people who live in these situations, there are few ways out, and the cycle of poverty continues down generations.

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