The OECD points to a serious problem of poverty in Israel despite the development – Yahoo Finance Spain

Jerusalem, Jan 31 (EFE) .- Poverty and social gap, caused in part by low productivity and lack of competition in the market, are the main problems facing the economy of Israel, according to a report released today to mark the fifth anniversary of its integration in the OECD.

The report, submitted in person to the Israeli government by the secretary general of the organization Angel Gurria, highlights the success of Israel at the macro level but at the same time, draw a yellow card to the authorities for not solving the pressing social problems.

“With a considered monetary, financial and fiscal policy , growth (GDP) exceeds that of most OECD countries over the last decade, “he says in that regard the report, which highlights the increase in labor, low inflation and relative safety financial funds.

This, he adds, this rapid development faces “significant absence of regulation to encourage competition in the market, especially in the food, banking and electricity-it weakens productivity and reduces the available “household income.

result of this lack of competitiveness is the high level of prices prevailing in the country even though the income of the majority of the population They are not up to that circumstance, which makes Israeli society in the poorest second in the OECD after Mexico.

“The level of poverty is particularly high among the elderly, partly because of the low existing pensions, “recalls the document also warns that ultra-Orthodox and Arab-Israelis are not yet up to the rest of the population in labor matters.

These are the two groups most poor country because traditionally one of the partners does not usually work The man in the case of the first and women in the seconds, plunging their homes in dependence on public aids that have been progressively reduced in the last decade.

Eight years ago, when Israel took its first steps towards the OECD, the organization urged the country to address this serious problem and, although there have been great strides level mentality, in practice the result is little visible.

“The percentage of workers between Orthodox and Arab remains low,” says the organization.

The poverty, which affects 18% of Israelis, is also encouraged by the disproportionate price of housing, up by almost 50% to the US and the EU, where salaries are also much higher.

In a Ministers Council meeting in which participated Gurria, Netanyahu recognized the seriousness of “the major differences (social) differences between ethnic groups,” and the fact that the Israeli economy continues burdened with “exaggerated regulation and bureaucracy”, the hindering entrepreneurship and competitiveness

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