Established in 2006, The Israeli Institute for Economic Planning (“IEP”) is a non-partisan, non-profit organization, dedicated to promoting Israel’s economy as a free-market competitive economy.
IEP's mission is to identify major barriers and market failings that significantly impede entrepreneurship, innovation and growth (such as redundant bureaucracy and unfair competition), and to offer practical solutions that will lead to significant long-term changes and improvements.
For many years, the Israeli economy has been highly concentrated and dominated by monopolies. These forces often rely on outdated laws and regulations that work to their advantage, and harm the public in various aspects: high cost of living, high barriers to entry of new enterprises, adversely affecting growth and entrepreneurship (in particular in the small and medium size business segments) and causing limited competition.
In this environment, it is clear why Israel’s economy is characterized by a high cost of living, uncompetitive capital markets, cross-sector corruption, and dominant labor unions capable of paralyzing the economy's gates of export and import and block significant reforms. The weak governance and limited Knesset’s supervision tend to preserve this “status quo”.
IEP constantly works to shape a more competitive economic structure, open markets to competition, remove barriers, increase transparency and fight market failures. This involves changing the 'genetic code' of the economic culture in Israel, identifying and exposing problematic mechanisms of wealth distribution and moving away from protectionism and nepotism.
At the same time, IEP works with state institutions, encouraging them to remove redundant bureaucracy barriers to create a better regulation environment, boost growth and competition engines and provide economic certainty required for the success of these objectives.
To advance our vision, we work through different channels, create a solid research infrastructure as a base for our activity, collaborate with civic and research institutions, raise issues through public discussion forums and offer solutions to relevant decision-makers and elected officials across the political spectrum.
These goals are reflected in all of IEP's activities, starting from the selection of the research projects through the design of the practical research method and ending with the drafting of practical recommendations and solutions, including required legislation and regulatory decisions.