Until the Intifadah and the Oslo agreements, a non-political process of economic collaboration was leading to a gradual reconciliation between Arabs and Jews, explains ICSEP President Daniel Doron in a talk sponsored by the America-Israel Friendship League. That process can now resume, Doron argues, helped by economic reform within Israel.
Finance Minister thanks ICSEP for helping historic market reform
4 Aug ’05
MINISTER OF FINANCE
August 4, 2005
Israel Center for Social and Economic Progress
This week’s passage of an historic capital market reform bill and additional tax reform has set the stage for catapulting Israel’s economy into the 21st century. I want to take this opportunity to thank you and ICSEP for your truly invaluable assistance in helping bring about this important reform.
By shrinking the size of the public sector, cutting taxes, accelerating privatization, de-monopolizing industry, reforming the government pension system and transforming Israel’s capital market, our policies have already begun unleashing Israel’s enormous economic potential. An economy that only two years ago was on the verge of financial collapse, with negative growth and double-digit unemployment and interest rates has turned around. Our economy is now growing by over 4% annually, the unemployment rate has fallen dramatically, interest rates have been halved and the stock market has more than doubled.
ICSEP’s tireless work to formulate concrete and practical reform plans, and its efforts to mobilize public support for these reforms have played a major role in making this turnaround possible. The role you played is even more remarkable in view of the fact that most of the time you alone were actively supporting reform in the face of great opposition.
In particular, I want to commend you on your success at educating a new generation of Israeli students about the critical importance of free markets in building a strong and just society. I was pleased to discover during my lectures to hundreds of your students across the country that these future leaders of Israel have been considerably influenced by your efforts.
While much work remains to be done, I think it is important every once in a while to consider how far we have already come. Thanks in no small part to your work and support, we can look back at these last two years with a great deal of pride, and forward to a future where only the sky is the limit.
With deep appreciation,
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US VIP group
24 Nov ’09
Gilder/Forbes Telecosm 2009 Conference
10 Nov ’09
Tarrytown House Estate, Tarrytown, New York
“Past reforms have focused on asking for more money for education,” ICSEP President Daniel Doron noted in his speech to the Merage Forum on education.
“This despite the fact that Israel is already spending the highest proportion of GDP on education in the West.
“Yet, despite a steady growth in expenditures, standards and achievements have shown little improvement; in fact they have further deteriorated.”
25 Jun ’07
Strategic Forums Sponsored by Paul Merage
“Before I continue with my remarks, let me sound an optimistic note,” said Daniel Doron, ICSEP President, in his opening remarks to the Strategic Forums Sponsored by Paul Merage.
“You will hear voices say that attempts to reform Israel are futile, that you cannot initiate significant changes here.
“We know better.”
The high-powered conference was held to explore ways of encouraging Israeli high-tech to meet the serious challenges facing it and to continue flourishing.
“In 10 years, Israel could be one of the 10 richest countries in the world,” Finance Minister Benjamin Netanyahu told guests at ICSEP’s first annual United States Awards Dinner.
Milton Friedman expressed similar beliefs to those assembled at New York’s St Regis Hotel: “Israel has the potential of being the Hong Kong of the Middle East,” he said in his video address.
During dinner, Israel’s minister of economic affairs in America, Ron Dermer, presented the awards.
Republican Jewish Coalition
26 May ’05
“Most of you have visited Israel,” ICSEP president Daniel Doron began his address to the Republican Jewish Coalition in Washington on May 25th.
“You saw a vibrant, seemingly well-to-do country.
“You ate at posh restaurants full of prosperous Israelis, visited their impressive villas and saw their expensive cars.
“And yet, Israel, chock-full of human talent and energy, a world-class high-tech leader, seems in perpetual economic trouble.
“If the country is to survive it must reform its economic system, and do it soon.”
Read the entire speech.
ICSEP has circulated the following letter together with a PowerPoint presentation: “A Competitive Capital Market – A Growth Engine for the Israeli Economy”.
Enclosed is a draft document on the reform of financial markets in Israel. We hope it explains why such a reform is so vital for Israel’s viability, and why Israel needs a strong economy to meet the extraordinary threats and challenges facing it.