A second area of concern involves our nation’s continuing role in the new high-tech international financial system.
The main reasons are unsuitable human capital, as shown by the PIAAC tests examining the cognitive skills of the adult population in Israel—such as problem solving skills in a digital environment—the problem of excessive and inefficient bureaucracy, and the fact that the economy is not sufficiently open to international competition in various aspects, such as the attitude toward competitive supply from abroad or relatively high non-tariff barriers.