IDB says: Israeli economy is competitive

09.10.2011                      12.Cheschwan. 5772

Wirtschaft:

IDB says: Israeli economy is competitive

IDB group is not arguing that Israel doesn't have economic concentration, it is arguing that the concentration that exists is not harmful.

The hearings that the government-appointed economic concentration committee holds for the big business interests should be open to the general public, demands Zahava Gal-On, member of the Knesset Finance Committee. At least one group may be open to that, going by its opinion stated yesterday that Israel's economic concentration is not a problem: The IDB group filed its position paper with the committee yesterday, writing, "There is no question that the Israeli economy is highly competitive."
The group is not arguing that Israel doesn't have economic concentration. It is arguing that the concentration that exists is not harmful. IDB quotes former Supreme Court president Aharon Barak, who once ruled that an economy as small as Israel's warrants and enables a relatively high level of economic concentration, to improve the ability of Israeli companies to compete in the international markets….