Premier Yitzhak Rabin told Israeli industrialists last night that a militarily secure Israel would make little sense without a sound economic structure and a strong society at home. Addressing the closing session of the Manufacturers Association’s annual meeting here, Rabin stressed that the economic future of Israeli lies solely in Israel’s hands and if there is any criticism “it must be aimed at ourselves.”
Rabin said “It is we who must seek ways and means to boost our economy and enable it to withstand trials and challenges. We have to produce more and export more so that our position in world trade improves.”
The Association elected its first “sabra” (Israel-born) president, 49-year-old Abraham Shavit, whose industrial field is metal and electronics, He succeeds Marc Moscievitz. In his acceptance speech, Shavit urged the government to follow up its tax reforms with wage reforms. He claimed that the present wage structure in Israel is the cause of much of the country’s labor troubles.
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