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| Fifty-two years ago, Israel was founded as a social welfare state with a relatively low standard of living. Since then it has developed rapidly, both technologically and socio-economically. Out of necessity, however, successive governments have had to focus on crisis management. Due to the cost of unavoidably high military expenditures and the shortage of natural resources, the constraints that were placed on the Israeli economy were significant. Israel's socio-economic future depends upon its ability to cope with the challenges of technology, international competition and global markets. The challenge facing Israel's economy today is to accelerate its economic growth and ensure a higher standard of living for all of its citizens by achieving sustainable competitive advantages in global markets. It is our firm belief that a strong society needs a strong democracy and that a strong democracy needs a strong and diversified private sector. Clubs like the Wharton Club of Israel are important catalysts for the required changes in the mindset of the business leadership and policy makers of the State of Israel. Specifically,
the Wharton Club of Israel strives to create a strong community among
alumni, faculty and students who share a common interest in Israel's economic
future. Our vision
is to be part of a group of business leaders that will strive to:
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