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Israeli Finance Minister Yuval Steinitz on Israel’s economic growth and foreign investment in the country.
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-- but Israel has one of the most vibrant economies when it comes to starting businesses -- key officials from Israel meeting in the US.
And meeting with business executives who really want to -- best.
Let's get to Adam Shapiro he is joining us live from the Roosevelt hotel in New York with the country's finance minister Adam.
That's -- -- -- standards joins us now to talk about how Israel has been able to turn its economy around during the global recession.
And joining us how to discuss that is mr.
Stein it's -- let's talk about issues such as the -- unemployment rate at the height of the crisis nine point 6% at Israel.
Today six point 5% plus years ago Israel restructured its economy to.
The point now it's on the verge of having corporate tax rate lower than any other country in the world how is this possible in his -- When we we have chosen a different cultural crisis opponents all the quotes and most other countries.
That -- -- -- woes.
We go to covertly and Oakland.
I'm fifty should be -- these consensus government consumption so logical assumptions.
But completely out of live -- Stronger emphasize.
On the collecting new investments in Kansas City -- -- People sudden denying he'd beat failed it would be feels they initially but -- the crisis as you mentioned unemployment.
-- closer to -- sent -- can you opens the United States.
But PeopleSoft looked into some political something whimsical musically again I think its longest economic -- -- it was in the world.
Also -- he had.
Unemployment is down people -- small jokes and copy stuff than any other with -- company and -- you'll.
-- -- From the fact that the liberals investment -- the political and we.
Cool -- full of people since.
-- the last it's Williamson what is it do you think that attracts foreign investors to Israel about what I've listened to some of the speakers from Israel today they talk about.
Being.
Country that is on par with all of the other western democracies and economies and -- you're surrounded by neighbors who are hostile you're in a very rough neighborhood.
Why is that investors don't seem to be afraid.
Of the neighbors and elegance is really quite speech today -- -- these twists and and they say that the people can find many reasons why local invested easily -- the company to market.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- And Steve you can find.
Most of the -- corporate news you need -- -- exits and many others Microsoft.
Cisco Intel -- opening research and development and and Israel.
What is it that attracts them despite the potential hostilities that enables it openly that visible to -- -- visiting Israel.
And B Fuller.
May be mentioned them and -- mentioned one piece so sort of invested -- music.
And open up indeed that -- -- of insignificant out of these symptoms in Israel -- action to -- Usable.
-- -- -- this -- that he was is that printing home and more money and -- -- and investments.
And look we don't apply again to Michael -- -- all -- that is.
Now I think the reason these committees and is that as simple as a human -- this is a big success of the country on the meat they've been inspirational.
A human cut human cut the number of Ph.D.s exceeds almost every other countries and has not been one in the world is a number of speeches from -- that.
Number one in the world and the number of stuff -- -- -- -- that.
Numbers cool to -- United States and complete number it will start ups won't stop the Sudanese lives and -- -- in China until five.
Lately is that was announced number one is a quarter if you both academic decisions that probably -- but -- industry but more important -- This is a big secret is that this patient unique tendencies both Israeli and the -- scientists engineers will build.
Fully forty movie to seek -- -- syphilis and this is that you.
This and as I wrap up there because I'm getting the signal to wrap Israelis don't take no for an answer they don't really have a choice other than to succeed and go forward.
Doctor status we appreciate you joining us here on the Fox Business Network was I'm gonna throw back to you.
And I know doctor -- -- knows this but the only non US buildings company that Warren Buffett ever bought.
It's -- in Israel he said he went looking for good investments in the Middle East and stop -- Israel some.
