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Dynamism in Retreat
Report

Dynamism in Retreat

Consequences for Regions, Markets, and Workers

Economic Innovation Group
EIG, 2017
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Editorial Rating

9

Qualities

  • Analytical
  • Visionary
  • Engaging

Recommendation

Policy experts note a disturbing trend in the US economy: a reduction in the vibrancy and vitality of the commercial community, evidenced by lower levels of new business formation and entrepreneurial energy. Today, fewer companies are opening their doors than ever before. The Economic Innovation Group – a think tank started by some notable high-tech titans – offers a robust commentary on the causes of reduced US economic dynamism and some prescriptions for altering the trajectory. getAbstract recommends this compelling, timely report to business leaders and state officials.

Take-Aways

  • In the post-World War II years, the US economy boomed, as creative destruction enabled new businesses and spawned innovation.
  • But since the late 1970s, US economic dynamism, which drives the pace and scope of firms entering and exiting the market, has slowed considerably.
  • The decline in business formation is evident across industries and localities, leading to downward trends in employee turnover and interstate migration.

About the Author

The Economic Innovation Group is a think tank advocating for entrepreneurialism.

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