Leapfrogging What can Israel 15 Learn from the

Leapfrogging ". . . המובילות להיות אחת ראש What can המדינות Israel 15 - מ Learn from" : הממשלה the World?

A conversation with: Professor Michael Spence 2001 Nobel Prize Laureate in Economics Chair of the Commission on Growth and Development Professor Ricardo Hausmann Director of the Center for International Development at Harvard University Dr. Rory O’Donnell Head of the National Economic and Social Council of Ireland Professor Manuel Trachtenberg Chairman of the Planning and Budgeting Committee of the Council for Higher Education Host: Gidi Grinstein President and Founder of the Reut Institute

Leapfrog. Three Legs. Sustaining High Growth Inclusiveness Sustainability

Sustaining High Growth. 3. 5% for more than 8 years.

Inclusiveness. All citizens benefit from growth. Commission on Growth & Development, The Growth Report

Sustainability. Preserving for the future. The Brundtland Commission of the United Nations, 1987

Leapfrogging is not Common, Yet it is Possible. Countries that have leapt: Korea, Finland, Singapore and…Israel.

Israel has Already Leapt Once. Between 1951 -1972 the average annual growth rate per capita was 5. 5%.

Measuring Success. Quality of Life. Beyond GDP per Capita.

Israel Ranks 38. The Economist’s Quality of Life Index 2005.

Its Income Gap has Grown. EU average – 4. 9 Israel – 7. 5 CBS, Society in Israel, 2010

Leapfrogging is Not a Luxury. It’s a Necessity. Israel exports more talent per capita than anywhere else.

Ecosystems Produce Growth. People take resources and rearrange them in more valuable ways Paul Romer

Capacity to Transform. The ability of institutions to adapt to an ever changing reality.

Shared Vision. Mobilizing different sectors.

Governmental Policies Encouraging the market to ‘self assemble’

Protecting People, Not Jobs. Ensuring lifetime employability

Leadership. Adapting to environment. Maintaining core values.

Unique & Global Development Policy. Leveraging unique assets to compete globally.

Regional Leapfrog. Think Globally, Act Locally.

A Serving Elite. Those acting to improve our future, from all sectors.

Saving Today to Build Tomorrow. Transferring resources from consumption to investment.

Vision: Israel as one of the fifteen leading nations. “Our goal should be to be ranked as one of the top fifteen countries in the world by per capita income within the next fifteen years“. PM Benjamin Netanyahu, December 2010