Zvi Eckstein: Global Economic and Social Hot Spots
Episode Description
Fragile stability probably best describes how visiting Wharton finance professor Zvi Eckstein sees the world. From Cairo's Tahrir Square to Wall Street and beyond, the former deputy governor of the Bank of Israel recently shared his thoughts with Knowledge@Wharton about the world's economic and social hot spots. As 2011 draws to a close, people around the world -- including those in his home country, Israel -- face numerous challenges whose solutions are hardly easy. 📂 Finance & Accounting
Brief Summary
Professor Xin discusses Israel's economy, European debt risks, and potential Middle Eastern cooperation amid global economic slowdowns.
Key points
- Israel's Economic Outlook. Professor Xin discusses the risks to Israel's economy due to Europe's debt crisis.
- Political Stability in the Middle East. The need for stability and competition policies in the Middle East for economic growth.
- The Role of Education in Jewish History. Professor Xin explains how education shaped Jewish society and economic success.
- Impact of Jewish Migration. The migration and population size of Jewish people had a huge impact on their occupational choices.
- Integration of Soviet Immigrants. In the early 1990s, Israel saw a large wave of immigrants from the former Soviet Union.
- Job Creation Challenges in the US. The US economy struggles to create jobs, particularly for the long-term unemployed.
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Episode highlights
- Israel's Economic OutlookProfessor Xin discusses the risks to Israel's economy due to Europe's debt crisis.“The key risk is really the reduction in Israeli growth of exports.”1:50Nov 28, 2011
- Political Stability in the Middle EastThe need for stability and competition policies in the Middle East for economic growth.“Stability and competition policies are key for economic development.”10:12Nov 28, 2011
- The Role of Education in Jewish HistoryProfessor Xin explains how education shaped Jewish society and economic success.“Education had a huge impact on the occupational migration of the Jewish people.”25:14Nov 28, 2011
- Impact of Jewish MigrationThe migration and population size of Jewish people had a huge impact on their occupational choices.“The key reason for the Jews choosing their occupation was mainly their comparative advantage.”25:45Nov 28, 2011
- Integration of Soviet ImmigrantsIn the early 1990s, Israel saw a large wave of immigrants from the former Soviet Union.“About 900,000 people came and they became like 20% of the Jewish population.”27:03Nov 28, 2011
- Job Creation Challenges in the USThe US economy struggles to create jobs, particularly for the long-term unemployed.“The key question in the labor market is to match demand and supply.”31:10Nov 28, 2011
Tension
45/ 100Some tension
