For many years, the development of the European project contributed to economic growth in the Member States: the progressive abolition of tariffs favoured specialization, made it possible to reap the benefits of scale economies and stimulated efficiency and competition, with positive effects on employment and welfare.
Karnit Flug: Infrastructure development plan for Israel Remarks by Dr Karnit Flug, Governor of the Bank of Israel, at the Cabinet meeting on the multiyear infrastructure development plan, Tel Aviv, 3 September 2017.