Joe Zuback,
Chief Technology Officer, Senior Vice President, Siemens Water Technologies
Moderator:
Glenn Yago, Director, Capital Studies, Milken Institute
Doron Almog of Athlone Global Security talks about the strengths – and challenges – of Israel’s economy. At right is Joseph Bachar of the Israel Tax Authority.
Beyond the headlines, the results of economic and financial reform in the wake of last summer's second Lebanese War have been remarkable in Israel: 4.5 percent economic growth in 2006 (8 percent for the final quarter), unprecedented foreign direct investment of $13.4 billion, historical stock market highs, dramatically low interest rates, a budget deficit of less than 1 percent of GDP and the remarkable achievement of becoming a net-creditor to the world. Israel's pioneering work in high technology, the Internet, clean technology, security, biotechnology and agriculture drive growth at home and beyond. Economic growth, however, has been uneven. Israel has the highest poverty rate among western developed countries (24.4 percent), persistent unemployment (8.4 percent) and growing regional and income polarization. Panelists will explore lessons learned in becoming a competitive entrepreneurial force for new technologies and the challenges of transferring these lessons to Israel's vision and hope as a nation and as a leader in the global economy.
Global Conference 2013
Former Prime Minister Tony Blair, philanthropist Bill Gates and Strive Masiyiwa of Econet Wireless discuss advancing prosperity in Africa.
