Israel’s economy – a fertile incubator for tech start-ups, perhaps rivaled only by Silicon Valley – stands out for excessive market concentrations across most of its industrial and service sectors. According to economist Dany Bahar, the Israeli middle class isn’t benefiting from the nation’s vibrant economy due to its high consumer prices, partly the result of monopolies. Thus, Israelis advocate political efforts to lower their cost of living. getAbstract recommends this insightful article on Israel’s economic challenges to analysts, policy makers and executives.
In this summary, you will learn
- What causes Israel’s high consumer prices and
- What economic reforms the government should undertake.
About the Author
Dany Bahar is a global economy and development fellow at the Brookings Institution.