Growth without diversification, technological improvement, and increased productivity is easily reversed: all it takes is a dip in commodity prices.
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Frequently Asked Questions
What kind of dip does the first quote describe?
It refers to a personal, creative slump that many artists tend to experience partway through their careers, and a wish to avoid it.
What economic point does the second quote make?
It warns that growth lacking diversification and real productivity gains is fragile and can be wiped out by a fall in commodity prices.
Are the two dips in this collection related?
No, one is a personal creative low point while the other describes a broader economic vulnerability, connected only by the shared word dip.
Does the artist quote suggest the slump is common?
Yes, it frames the slowdown as something many artists tend to go through rather than a rare or unusual occurrence.
What lesson does the economic quote offer?
It suggests that lasting growth needs diversification and genuine productivity improvement, since relying on commodity prices alone leaves an economy exposed.
The other warns that growth built without diversification can collapse quickly once commodity prices fall, a very different kind of dip.
