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December 10, 2016 / 10 Kislev, 5777

Posts Tagged ‘OECD’

Europeans Turn to Israel to Spur Lagging Economies

Sunday, September 25th, 2016

By Andrew Friedman/TPS

Jerusalem (TPS) – About 60 ministers of education from a range of OECD countries gathered Sunday in Jerusalem for a three-day program to explore Israel’s culture of entrepreneurship.

Participants in the Global Education Industry Summit, hosted by Education Minister Naftali Bennett, said that Europe’s business culture has largely stagnated in recent years. They added that for economies looking to develop tools for a rapidly changing technology marketplace of, Israel provides a model.

“We’ll we have to find ways to bolster innovation in Europe,” said Bartek Lessaer, policy analyst for the European Commission Directorate General for Education and Culture told Tazpit Press Service (TPS).  “We’ve been stagnating for several years. We know the Israeli economy has been very innovative – we’re here to learn how things are done here. We’d like to learn more about the linkage between business and public investment, and more efficient ways of engaging public money to stimulate new solutions to old problems.

Speakers at the opening plenum session at the Israel Arts and Science Academy campus in Jerusalem included Israeli Education Minister Naftali Bennett, Nobel Laureate Prof. Yisrael Aumann and concluded with a panel discussion featuring school principal Itai Benovitch and two honor role students.

Asked about the nature of Israel’s start-up culture – several delegates noted that many countries pride themselves on advanced science education programs, but have not developed the same reputation for technology advancement – Bennett and Aumann pointed to elements of the Israeli experience to explain the discrepancy.

“Israel is the number two superpower in the technology world, after California,” said Prof. Aumann. “Compare our story to China: They have an outstanding engineering curriculum, but there is a lack in basic science education. But basic, fundamental science is the driving factor here – it creates curiosity and wonder. Those things bubble up and inspire questions, which inspire people to apply [their knowledge].”

Education Minister Bennett then apologized to the professor for an “open display of Israeli ‘chutzpah’, saying the country’s entrepreneurial culture is a byproduct of a  culture norm in Israel that are largely absent overseas.

“First of all, we are trained to question authority here. We foster a culture of debate, and young people are expected to have confidence that their ideas have value.

“Second, When I served in an elite commando unit in the IDF, we were trained to deal with hostage situations. If the door was locked, we were expected to go in through the window. If the window wouldn’t open, we had to drill a hole in the roof. If that didn’t work – well, we had to do something else. The expectation was clear: Get It Done was the expectation. Period.

“That is the secret of the start-nation,” said Bennett.

TPS / Tazpit News Agency

Consumer Confidence in Israel at -15%, on Upward Trend Since October 2015

Monday, September 12th, 2016

Israeli consumer confidence index in August 2016 stood at -15%, down from -11% the month before, but on a positive trend since October 2015, when it stood at -25%, Israel’s Central Bureau of Statistics announced Sunday. Consumer Confidence in Israel averaged -22.46 from 2011 until 2016, reaching an all-time high of -11.30 in July of 2016 and a record low of -38.47 in September of 2012.

Israel’s consumer confidence is among the lowest in the OECD countries, but in most of these countries, other than in Sweden, Denmark and Finland, consumer confidence has been negative. This includes Germany and the UK.

The reason cited for low consumer confidence in Israel is the lack of attractive and reliable savings and investments programs.

However, in August 2016, according to the CBS, the relative consumer confidence index stood at 112, showing a trend of improvement since June 2013, when the index stood at 41.

According to the CBS, in Israel, the Consumer Confidence indicator measures consumers’ expectations about changes in their household financial situation; about Israel’s general economic situation; about unemployment levels; and about their household saving plans over the next 12 months. The indicator is calculated based on the combination of responses to 4 questions presented to a sample of 759 people ages 21 and older. Consumer confidence is measured on a scale of -100 to +100, where -100 indicates an extreme lack of confidence, 0 means neutral and +100 stands for extreme confidence.

JNi.Media

Annals of Obesity: Israeli Kids Drink More Soda than Americans, Arabs More than Jews [video]

Tuesday, June 14th, 2016

At least 50% of the world population suffer from overweight and obesity, compared with the situation in the 1980s, when only 10% of the population was obese, according to worldwide management consulting firm McKinsey & Company. If the rate of weight gain remains as it is today, close to half the people on planet Earth will be obese by the year 2030. Israel’s figures are relatively good compared with the rest of the OECD countries, but still, according to the Israeli Health Ministry, 1.7 million Israelis, or 25% of adults and 14% of children, are obese, and out of those 700 thousand are considered pre-diabetic, and 500 thousand already suffer from type 2 diabetes. Also, adding those who are overweight (BMI of 25 and up) to the 25% who are obese, shows that almost half the population in Israel is overweight.

To illustrate, according to The Marker, in one of the meetings of the commission to promote a healthy diet, Health Ministry director-general Moshe Bar Siman Tov said ironically, “We fail to understand how come 50% of the population are not overweight, considering the current consumer culture.”

The Health Ministry has recently launched a campaign against the consumption of soda drinks, which are a kind of statewide plague. A survey conducted in local schools has shown that Israeli children are at the top of the world average in their daily consumption of sweetened drinks. The world average for consuming sweet drinks is 25% of girls and 32% of boys. The average in the US is 30% among girls and 37% among boys.

In Israel the average is 41% for girls, 45% for boys — while for Israeli Arab children it is even higher, as 51% of Arab children ages 11 to 15 consume a sweet drink at least once a day.

© JNi.media

© JNi.media

It is well-known today that an overweight child will likely suffer from obesity in adulthood. In Israel every fifth first grader (20%) is overweight, and by the seventh grade 30% — one in three children — are overweight.

Among Arab children the situation is even worse, with close to 40% of Arab seventh graders suffering from overweight.

In Israel, some 70% of the food being consumed is processed, which is why Israeli children and teens consume 12 grams of sodium daily, easily double the recommended amount.

Diabetes in Israel harms the weaker population strata, most notably the Arabs. The rate of diabetes among the poor is three times higher compared with middle and upper class Israelis. An estimated 25.5% of Israeli poor are diabetic, compared with 7.1% Israeli middle and upper class. The rate of the rise of diabetes among the poor in Israel is swift and alarming, jumping in 12 years from 7.8% in 2002 to 25.5% in 2014.

According to the Health Ministry, the cost of obesity is estimated at $1.55 billion annually, with a third of the cost coming from direct care for obese patients and two-thirds from indirect losses, such as reduced earning ability, sick days and nursing care. Israel’s largest HMO, Maccabi Health Services, has submitted to the Health Ministry data suggesting it spends on diabetic patients 53% more than it does on the average insured member.


Israeli Health Ministry’s anti-soda drinking campaign

JNi.Media

Israel’s Material Well-Being and National Wealth Stats Up Across the Board

Wednesday, May 4th, 2016

Real national disposable income per capita in Israel has gone up by 1.7% in 2014 compared with the year before, reaching a level of 119% compared with the year 2000, Israel’s Central Board of Statistics announced on Wednesday.

In 2014, the government debt as a percentage of GDP (65%) was lower than that of France (85%), Spain (88%), the UK (94%), the US (98%), and Italy (127%). It was higher than Germany’s (48%), the Czech Republic (46%), Sweden (44%), Turkey (37%), Switzerland (21%), and Norway (17%).

Between the years 2008-2011 there was a moderate rise in net income inequality in Israel (according to the Gini coefficient, a.k.a. the Gini index or Gini ratio — a measure of statistical dispersion intended to represent the income distribution of a nation’s residents, which is the most commonly used measure of inequality.) It was followed by a downward trend in the Gini index until 2013, but remains high in Israel, compared with other OECD countries — higher than the US, Turkey, Mexico and Chile.

In 2013, the net annual income per standard capita was 91,604 shekel ($24,283), a rise of 5% compared with the year before, in 2013 rates. The net annual reported income per standard capita in Jewish households was double the amount in Arab households.

In 2013, Israel’s household debt as a percentage of GDP (47%) was significantly lower than most other OECD countries, such as Spain (79%), France (63%), Germany (56%), and Italy (49%). It was still higher than that of Poland (35%), Slovakia (32%), and Hungary (31%).

58% of Israelis ages 20 and up were satisfied with their economic situation in 2014: 59% of men, 57% of women.

Israeli Jews were more satisfied than Israeli Arabs — 60% vs. 48% respectively.

JNi.Media

Israeli Death Rates from Most Cancers, Heart Disease, Among Lowest in OECD

Sunday, November 29th, 2015

(JNi.media) Israel’s Central Bureau of Statistics last week released its report on Causes of Death in Israel in 2013, which includes a few positive notes about the state of health of Israelis.

The report’s highlights were:

Mortality rates from cardiovascular (heart) and cerebrovascular (brain) diseases have gone down by more than 80% since the mid-1970s.

The most common cause of death in Israel in 2013 was malignant neoplasms (cancer), followed by heart disease.

The Death rates from malignant neoplasms (cancer), ischemic heart disease and cerebrovascular diseases in Israel are lower than in most Organization for Economic Co-operation and Development (OECD) countries.

The mortality rate from trachea, bronchus and lung cancer, which is the most common cancer type in Israeli men, is very low relative to the OECD countries. However, the mortality rate from breast cancer, which is the most common type in Israeli women, is very high relative to the OECD.

Also, mortality rates from diabetes, infectious diseases and kidney diseases are very high in Israel compared with OECD countries.

In 2013, 41,479 residents died in Israel, half a percent of Israel’s population that year. 49.4% of the deceased were male, 50.6% female.

6% of the deceased were under age 45. 80% of the deceased were over age 65 (of which 65% were older than 75 and 36% – were over the age of 85).

1.3% of the deceased (539) were infants under one year old.

The ten most common causes of death led to 75% of all deaths in 2013. The two most common causes of death were malignant neoplasms (cancer) and heart disease — 41% of all deaths in Israel resulted from these two causes. As in all recent years, malignant neoplasms were the most common cause of death in 2013, making up about a quarter of all deaths.

External causes constituted one third of men’s deaths and one eighth of women’s. Of all the external causes of death, the biggest gender gap was in incidents of suicides, traffic accidents and murder. The adjusted mortality rate from suicide by age among men was four times higher than among women (6.8% vs. 1.7%, respectively). Death from road accidents was 3.8 higher among men than women (6.6% vs. 1.8%, respectively). The murder rate among men was 2.8 times higher than among women (2.3% versus 0.8%, respectively).

JNi.Media

Israel’s Economy Endures Global Economic Meltdown

Sunday, January 6th, 2013

1.  Israel’s 2009-2012 economic growth of 14.7% leads the OECD countries, ahead of Australia – 10.7%, Canada – 4.8%, USA – 3.2%, Germany – 2.7%, France – 0.3%, Euro Bloc – 1.5% decline.  Israel’s growth was undermined by the stoppage of natural gas supply from Egypt, which requires the acquisition of more expensive sources of energy (“Israel Hayom”, Jan. 2, 2013).

2.  Israel’s 2012 economic growth, 3.3%, leads the OECD countries which average 1.4% growth, ahead of the US (2.2%), Canada (2%), Japan (1.6%), Brazil (1.5%), Germany (0.9%), France (0.2%), Britain (0.1% decline), Spain (1.3% decline) and Italy (2.2% decline), trailingIndia’s 4.5% and China’s 7.5% .  Israel’s growth per capita, 1.5%, exceeds OECD’s average of 0.7%.  Israel’s unemployment, 6.9%, is lower than the OECD (other than Germany’s and Japan’s) which averages 8%.  Israel’s private consumption increased 2.8%, compared with the OECD average of 1%.  Notwithstanding the global meltdown, Israel’s exports grew 1% at a time when most countries experience a substantial decline in exports (Globes Business Daily, December 31, 2012).

3.  Israel’s 2012 tourism – all time high of 2.9 million tourists, compared with 2.8 million in 2011.  American tourists lead the pack, ahead of Russia, France, Germany and Britain. Domestic tourism grew 3% (Ma’ariv, December 25).

4.  Australia’s $30BN Woodside Petroleum (WPL) is acquiring 30% of the rights of Israel’s Leviathan offshore natural gas field licenses for $696MN upon signing the agreement in February, 2013, $200MN upon launching exports, $350MN upon final decision to invest in liquefied natural gas export facilities, 11.5% royalties up to $1BN and $50MN for immediate oil exploration underneath Leviathan.  Woodside explores investment in additional Israeli offshore natural gas licenses (Globes, Dec. 4).

5.  The $1.6BN Minnesota-based Stratasys merged with Israel’s $1.4BN Objet (3D printers manufacturer), a week following the acquisition of Israel’s Retalix, by NCR, for $800MN. Objet’s market value before the merger was $634MN (Globes, Dec. 4).  The $10BN Wollingford, CT-based Amphenol acquired Israel’s Tel-Ad for $65MN; the US storage giant, EMC, made its 5th Israeli acquisition, More IT Resources, for $15MN.  EMC employs 1,000 persons in its Israeli research and development centers (Globes, Dec. 3).  Israel’s CrossRider was acquired by an overseas unidentified company for $37MN (Globes, Dec. 17).  The Menlo Park-based Greylock Venture Partners and the Palo Alto-based Norwest Venture Partners led a$12MN 1st round of private placement by Israel’s ScaleIO (Globes, Dec. 11).

6.  Google inaugurated its Israeli Start Ups Incubator, signaling its aim to expand its Israel operations (Globes, Dec. 11). The Holland-based Philips announced the establishment of a new research & development center in Israel, which will employ scores of scientists and engineers.  Philip’s research & development center in Haifa – which coordinates special applications developed in Israel the US, Holland and India – employs 600 persons, specializing in CT 3D imaging (Globes, Dec. 13).

7.  Electricite’ de France’s (EDF) renewable energy unit inaugurated its first three projects in Israel’s Negev – a $65MN investment.  EDF plans additional ventures in Israel, demonstrating its confidence in the viability of Israel’s economy (Globes, Dec. 19).

Visit The Ettinger Report.

Yoram Ettinger

Israel GDP Expected to Grow More than US’s in Next 50 Years

Monday, November 12th, 2012

Israel’s gross domestic product is expected to grow at a much higher annual rate than the United States for the next 48 years, according to a report by the OECD.

In the report “Looking to 2060: Long-Term Global Growth Prospects”, the OECD predicted that Israel’s average annual rate of growth between now and 2060 would be approximately 2.6% – the US growth is expected to grow at 2.1% in the next 50 years.

The report showed that India and China would grow by leaps and bounds – 5.1% and 4.1% respectively.

Malkah Fleisher

Printed from: http://www.jewishpress.com/news/israel-gdp-expected-to-grow-more-than-uss-in-next-50-years/2012/11/12/

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