Fischer said that a window of opportunity for
long-term economic growth, export expansion, and
political and security independence was now
opening, including the knowledge of economic
independence. "We're actually already on this
path. If we continue on it, we can fully realize
our potential, and be among the world's most
developed countries," he declared. Fischer
estimates Israel's growth potential at 5-6% a
year.
In his first public appearance since becoming
Governor of the Bank of Israel, Prof. Stanley
Fischer recommended bolstering economic
productivity, and increasing investment in
education and technology. "Higher productivity is
critical for sustainable growth. Being in the
forefront of knowledge and technological
innovation is essential to economic growth. Any
country that aspires to economic leadership must
guarantee that its pool of technological know-how
will increase," stated the new Governor.