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*Business dynamism is the process by which firms continually are born, fail, expand, and contract, as some
jobs are created, others are destroyed, and others still are turned over.
*Entrepreneurs key
*Recent research shows that dynamism is slowing down
**Across a broad range of sectors in the U.S. economy, even in high-tech
**National decline in business dynamism has been a widely shared experience
*Implies a continuation of slow growth for the indefinite future, unless for equally unknown reasons or by virtue of entrepreneurship-enhancing policies (such as liberalized entry of high-skilled immigrants), these trends are reversed
