With the global economic crisis and the slow-down in Israel – How can we re-start the engines of growth?
Over the past few years, the global economy has experienced major upheavals and significant changes: an ongoing crisis, the growing importance of Asia and Latin America, an increasing emphasis on sustainability, cyber threats, and more. These changes have not passed over the Israeli economy. While the rapid economic growth that Israel has experienced over the past two decades has been based on its ability to meet the world’s growing demand for innovation and technology, can Israel create new engines of growth given the challenges of the economics of tomorrow? What are the fields in which Israel can lead given the anticipated new trends in world demand? What conditions are necessary for these fields to succeed on a global level: capital infrastructures and access to credit, government activity and regulation, R&D capacity, human capital and cooperation with international bodies? What role does the social sector have in light of the crisis? And what can we learn from the experience of other countries that are facing a similar challenge?
Professor Eugene Kandel is the Head of the National Economic Council at the Prime Minister’s Office of Israel. He is the Emil Speyer Associate Professor of Economics , Director of the Center for Financial Markets and Institutions and former Chairman of the Economics Department at the Hebrew University of Jerusalem. Kandel is the Co-Founder of the Israeli Institute for Corporate Governance, Editor of the Journal of Financial Markets and Associate Editor of the Applied Economics Research Bulletin.
Raymond J. Baer is the Honorary Chairman of Julius Baer Group Ltd. and Bank Julius Baer & Co. Ltd. In the past he served as the Chairman of the Board of Directors of the Julius Baer Group Ltd. and Bank Julius Baer & Co. Ltd as well as Head of the Private Banking Business Line and Vice President of the Group Executive of Julius Baer Holding Ltd.
Weili Dai is the Co-Founder of the Marvell Technology Group. She is the only woman co-founder of a global semiconductor company, and since it began in 1995, she has helped Marvell’s rise to become one of the top semiconductor companies in the world. For her contributions to technology and society, Newsweek named Ms. Dai among the “150 Women Who Shake the World,” Forbes named her one of the “World’s 100 Most Powerful Women” and CNN International featured her throughout its Leading Women series.
Maxine Fassberg is the Vice President of the Technology and Manufacturing Group, General Manager of Intel Israel, and Fab 28 plant manager for Intel Corporation. She is a Member of the Supervisory Council and the Audit Committee of the Bank of Israel and sits on the Board of Directors of The Hebrew University of Jerusalem and the Bloomfield Science Museum Jerusalem. Fassberg was inducted into the Women in Technology International (WITI) Hall of Fame in June 2009. She is the recipient of the Israel Industry Award for 2011 from the Manufacturers Association of Israel and the prestigious Hugo Ramniceanu Prize in Economics for 2012, and was identified as one of the 10 most powerful women in tech in April 2012 as published by CNN.
Nick O’Donohoe is the CEO of Big Society Capital, an independent financial institution that was established to develop and shape a sustainable social investment market in the UK. O’Donohoe was a Member of the Executive Committee of JP Morgan Chase where he worked for 15 years and also served as Global Head of Research and as the supervisor of the firm’s Social Finance Group.
Ofra Strauss is the Chairperson of the Board of Directors of the Strauss-Elite Group. She was previously CEO of Strauss and General Manager of Strauss Salads. Strauss has served as a member of the Jewish Agency’s Board of Governors from June 2002, is a member of the Jewish Agency Executive and was the Co- Chair of the Mobilizing Israeli Society Subcommittee. In the past, she served as Chairperson of the “Adopt a Soldier” foundation and is a former Chairperson of WIZO’s local fund-raising campaign.
Professor Lawrence (Larry) H. Summers is the Charles W. Eliot University Professor and President Emeritus of Harvard University as well as the Weil Director of the Mossavar-Rahmani Center for Business & Government at Harvard’s Kennedy School. In the past he served as the 71st Secretary of the Treasury for President Clinton, Director of the National Economic Council for President Obama and Vice President of Development Economics and Chief Economist of the World Bank. Summers was the first social scientist ever to receive the annual Alan T. Waterman Award of the National Science Foundation (NSF).
Imad Telhami is the Founder and CEO of Babcom Centers, a social business initiative that aims to build, advance and develop successful businesses that will advance important social goals. Babcom is a large call-center initiative in the Galilee whose purpose is to assist Arab men and women to integrate into the job market. Babcom employs hundreds of workers in three centers (In Tefen and Misgav). In the past, Telhami served as the Deputy CEO of Delta Industries. For over 25 years, he served at Delta Galil in a number of senior management roles, responsible for divisions, factories and thousands of workers in Israel and abroad.