This paper explores the relationships between state organizations, big
business corporations, non-governmental interest groups and instituti
onal elites in a relatively unexamined site: the Israeli political-eco
nomic system. Relationships between the numerous participants in state
policy-making are examined through research on policy forums in the e
conomic domain. Policy forums are defined as institutional settings fo
r encounters between state and non-state organizations, through their
elites; importantly, these encounters establish exchange relationships
among the participants in economic policy-making processes. This arti
cle homes in on one important dimension of these relationships: the ne
twork structure of ties within and among policy forums. Interlocking d
ata serve as indicators of the ties among the participants in policy f
orums. As the research presented here illustrates, the significance of
policy forum networks rests not in their formal functions, but rather
in their structure and with the elite persons who sit on their boards
.