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It is easy to become dispirited. Despite my concern about the near-term outlook, advising business leaders requires that I look past the pandemic. Akcigit and Ates argue that greater concentration among firms and a slowdown in business dynamism is the cause of a myriad of factors that slow economic growth. Furthermore, a slowing pace of growth of the working-age population and an increase in older members of the workforce, as well as a greater number of retirees, has significant economic consequences for the pace of startups. I
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