This provides the infrastructure that enables the economy to achieve sustained growth, provided that the policymakers know how to face the challenges that it places before them. This is even more the case when there is no general consensus on the matter of fiscal discipline.
We sometimes speak of changes in economic policy, and such changes were essential to developments in the last fifteen years. We must however recognize one important fact: growth derives from the increase in the private sector, and in Israel we have a private sector that in the main is successful, innovative and creative.