is recovery around the corner?
At the conference on December 8-9, leading experts will examine the prospects for global recovery in 2014.
The 2013 “Globes” Israel Business Conference on , will try to analyze the condition of the global economy and examine whether the recovery, led by the economies of the US and Europe, is real. On one hand, US economic policy has succeeded in beating the crisis forecast that hung over it, while on the other hand, Spain and other European countries have had their first growth after years of crisis. But the threats remain, and they are great. Once again, the US has just avoided default by the skin of its teeth, and bought some relief for its economy. At the same time, it seems that the US has become addicted to “cheap money” and the helicopter of Ben Bernanke, who has decided to hand the task of initiating the exit strategy to his successor. In Europe, despite the rally in leading indices, the level of unemployment, especially among the young, remains high and dangerous, and the need for structural reform in and a and deepening of the EU are growing more urgent.
On the other side are the emerging markets, including China, India, and Brazil, which have begun to downshift. Their high growth rates of the previous decade now seem like a fleeting episode that will not be repeated. Together with the decline in growth rates, it seems that these economies desperately need thorough restructuring, which if not implemented immediately, threaten their economic achievements.
An equally important question is how these processes and movements in the global economy affect the Israeli economy, which demonstrated economic and financial soundness during the years of the crisis, but is undergoing a prolonged rise in the cost of living, accompanied by soaring real estate prices and widening social gaps between sectors of the population.
The first day’s plenum session will be opened by President of the State of Israel Shimon Peres. It will be followed by a special debate on the global economy in 2014, moderated by Richard Quest, the host of CNN’s “Quest Means Business”. The participants will be PIMCO global strategic advisor Prof. Richard Clarida, a Lowell Harris Professor of Economics at Columbia University and the US Assistant Treasury Secretary for Economic Policy in 2002-2003; former CEO of Deutsche Bank AG Dr. Josef Ackermann; China International Capital Corporation chairman Jin Liqun; and “Financial Times” associate editor and chief foreign affairs commentator Gideon Rachman.
The second day’s opening plenum session will discuss Israeli business sector growth, and will host former Governor of the Bank of Israel Prof. Stanley Fischer, Israel Chemicals Ltd. (TASE: ICL) president and CEO Stefan Borgas,Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) president and CEO Dr. Jeremy Levin, and Prof. Alan Dershowitz of Harvard University, and a prominent defender of Israel.
OECD Secretary General Gurria to speak at Israel Business Conference
Angel Gurria will discuss a range of issues that will appear in the OECD report, with a focus on taxes and the healthcare system in Israel.
OECD Secretary General Jose Angel Gurria is making a special trip to Israel to participate in the "Globes" 2013 Israel Business Conference. He will participate in the first day's plenum session and will speak with Richard Quest, the host of CNN's "Quest Means Business".
Gurria will discuss a range of issues that will appear in the OECD report, which will be published close to the conference, with a focus on taxes and the healthcare system in Israel.
For further information and registration, go to Israel Business Conference .
Gurria was elected secretary-general of the OECD in June 2006, and was reelected for a second term in 2010. He has strengthened the OECD's standing as global forum on economic policy, and has modernized and carried internal reforms at the organization.
Gurria, a Mexican citizen, arrived at the OECD after a distinguished career in Mexican public service, including terms as Minister of Foreign Affairs and Minister of Finance and Public Credit in the 1990s.
Israel joined the OECD in 2010, after an accession process of several years. The OECD was founded in 1961 by countries in North America and Western Europe, and has expanded over the years to include countries in Asia, the Latin America, and Eastern Europe. It currently has 34 members. The OECD member states account for more than 60% of global GDP.
The "Globes" 2013 Israel Business Conference, the country's largest business conference, will be held this year under the title "The Global Economy in 2014". It is Israel's premier and most prestigious economic event.
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