ISRAEL 
HIGH-TECH & INVESTMENT REPORT

from the July 2005 issue


Fischer calls for Investment in Technology and Education


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.

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.


Reprinted from the Israel High-Tech & Investment Report July 2005

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