Want to Foster Prosperity? Focus on Market-creating Innovations

China has slashed extreme poverty from some 66% in 1990 to under 2% today. Clayton Christensen, a professor at Harvard Business School, an expert on innovation and one of the authors of The Prosperity Paradox, says China’s prosperity comes from its market-creating innovations that have made products and services affordable and accessible. Christensen believes that other nations can replicate such success. In a conversation with Knowledge@Wharton, Christensen discusses what he calls the three types of innovation and why only one drives strong economic growth.