How do nations lift themselves out of poverty? How can entrepreneurs creating lasting impact? What's the difference between a market innovation and a product innovation? Is China REALLY a planned economy? And Capitalism--is it broken?
Today, Chris sits down with Efosa Ojomo, co-author of the book "The Prosperity Paradox: How Innovation Can Lift Nations Out of Poverty." They discuss the difference between consumption and non-consumption markets, how innovating in the latter can change entire countries, how we need to start re-thinking global economic development, and why it's time for a new lens with which to view China, the World Bank, the IMF, and basically everything else.
Chris also points out that capitalism isn't doing so well in the United States and we should probably do something about that.
Read The Prosperity Paradox
Follow Efosa on Twitter
Read more of Efosa's writing on Medium
Book: "The White Man's Burden" by William Easterly
From Axios, Article: "Too Much Money (and too few places to put it)"
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