Kandel: Effect of peace on our economy is overstated

20 Questions interviews Eugene Kandel, the head of the National Economic Council to the Prime Minister. Prof. Kandel asserts that the country’s main objective should be to improve education.

By DEBORAH DANAN
February 21, 2011 13:49
1 minute read.
20 questions

20 questions 58. (photo credit: courtsey)

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

Do you think that planned cuts for ministries’ budgets may hurt the public more than the other proposals? In your opinion, what is the biggest problem facing the Israeli economy? What does the state intend to do with the money earned from natural gas?

This week’s 20 Questions hosts Professor Eugene Kandel, the head of the National Economic Council. The Council serves as the economic headquarters for the Prime Minister, with the purpose of assisting in the process of decision-making.


Prof. Kandel contends that one of the biggest problems facing Israeli economy is the extreme shortage of human capital, whereby the demand is far outpacing the supply.

Be the first to know - Join our Facebook page.


In order to combat this, the government is invested in efforts to incorporate parts of the population that do not generate their share of knowledge workers. These efforts include improving education to be more relevant for the labor force, and increasing the employment rates of less proactive factions of the population, including the Haredi and Arab sectors.

When asked about the government’s intentions regarding revenues garnered from natural gas fields, Kandel states that the amount will be insignificant if distributed among the citizens. Instead, the profits will go primarily towards education and a small part will be delegated towards the country’s defense.

In the face of increasing costs of gasoline, Kandel supports the move to encourage people to employ much wiser and efficient uses of this resource, including car pooling and public transportation.

Kandel attributes the reason for Israel’s high prices on both basic commodities and luxury items to the country’s relative isolation. Smaller markets mean lower levels of competition which naturally increase the prices of foodstuffs and electronics.

20 Questions is a JPost Premium Content initiative empowering our readers to shape the content they would like to see. Reader participation is vital and we encourage your feedback. Please submit all comments, questions and suggestions to jpost20questions@gmail.com

 

 





Related Content

Anti-government protesters demonstrate on a street in central Ankara
June 16, 2013
Thousands take to streets of Istanbul, defy Erdogan

By REUTERS