We need a general approach to economic policy that relies primarily on markets to allocate resources, while recognizing the essential role of the state, especially in the provision of public goods.
At the same time, we need to accept the fact that no small economy can flourish except by integrating into the global economy, as Israel has so successfully done over the past fifty years. Indeed, the opening of the capital account in the last fifteen years, the end of foreign exchange controls, has had a profound and positive effect on the entire economy.