“The level of dynamism is a matter of how fertile the country is in coming up with innovative ideas having prospects of profitability, how adept it is at identifying and nourishing the ideas with the best prospects, and how prepared it is in evaluating and trying out the new products and methods that are launched onto the market.”

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Originally said in English.

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About Edmund Phelps

Edmund Phelps is quoted here; further biographical details are not publicly available.

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"The level of dynamism is a matter of how fertile the country is in co…" — Edmund Phelps | Daily Quotes