Click Here to visit The Smart Globalist, our new online magazine covering the global economy, international affairs, and public policy.
The Economic Strategy Institute has launched The Smart Globalist
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an online magazine which publishes a diverse array of contributors hailing from academia, print journalism, finance and the public policy community. The Smart Globalist's original editorial content includes both short, timely commentary on the latest news and current events, as well as longer analytic pieces exploring the complex issues surrounding international trade, investment and foreign policy. We hope that our coverage and analysis of these issues will eventually lead to practical, pragmatic solutions to the challenges and opportunities presented by globalization.
The Smart Globalist also aggregates content from some of the best blogs and media outlets on the internet. By syndicating content from established and emerging bloggers, The Smart Globalist hopes to draw attention to important perspectives often missing from the mainstream media, while taking advantage of the new ways of organizing and distributing information afforded by new technologies.
The Smart Globalist is run on a not-for-profit basis by the Economic Strategy Institute, a non partisan, non-profit public policy research organization based in Washington DC. The website is funded in part through a generous grant from the Alfred P. Sloan Foundation.
Click Here to visit The Smart Globalist, our new online magazine covering the global economy, international affairs, and public policy.
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ISRAEL 2020: A STRATEGIC VISION FOR ECONOMIC DEVELOPMENT
Click Here to Download the Full Report as a PDF File
EXECUTIVE SUMMARY
Israel’s economic performance over the past decade has been impressive. The combination of recent structural reforms and huge investments in R&D has led to a high-tech boom. Israeli political and business leaders deserve credit for their successes. Many difficult reforms were enacted and much of the foundation for future economic growth has already been laid. Indeed, its successes have catapulted Israel into the top ranks of the developed world’s economies. But Israel’s new peers are formidable competitors, and Israel cannot rest on its laurels. Many other countries have also had impressive economic performances over the past 10 years and have grown faster and delivered greater gains to their citizens than Israel. In this regard, Israel is like a global corporation in danger of complaisance over its growth without realizing that it is losing market share and could well find itself facing an unexpected crisis. The fact that global competition from new quarters like China and India is more pressing by the day and that the favorable circumstances of the past decade are not likely to last, only increase this danger. Furthermore, not all sectors of the Israeli economy have performed well recently, and the social and demographic challenges facing Israel are daunting, to say the least.
Now is therefore the time to set out a strategy for the future. It is much better to enact further reforms from a position of strength when times are good, than to try to respond unprepared in the midst of crises.
To assess the reality of Israel’s performance and to help shape thinking about how and along what lines to develop an economic strategy for the future, the Economic Strategy Institute has been conducting a benchmarking exercise that compares Israel’s economic performance to those of Singapore, Taiwan, Ireland, Sweden, Finland, and Estonia.
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