Summary of Delivering on Economic Prosperity in Israel
How Monopolies Are Hampering the “Start-Up Nation”
Brookings Institution, 5/2016
Despite Israel’s vibrant economy, an elevated cost of living squeezes its middle class.
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
- What economic reforms the government should undertake
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