The situation of Israel is in many ways unique. No other country has absorbed so many immigrants relative to its size. Few other countries have been able to grow so fast, modernize so extensively and maintain a free society and a republican democracy. It has achieved this despite the active hostility of many of its neighbours and whilst undertaking enormous economic, military, political and social commitments. However, its economy has been undergoing a crisis phase. Its rate of economic growth has slowed drastically and there are now serious doubts about whether it can continue to finance such extensive commitments. This book discusses how the economy has reached its current state and assesses its future prospects. Persistent and high levels of capital imports have helped supply the capital necessary for rapid modernization but they have also helped to finance consumption. Israel holds the record for the highest rate of foreign debt per capita (actually higher than its equivalent rate of GDP) and also for the largest trade deficit per capita. Throughout recent years, successive governments have struggled to control massive inflationary pressures within the economy. An enormous defence budget places a further strain on the economy. However, given the realities of Israel's recent past and its immediate situation it is difficult to see how this burden is going to be eased substantially in the near future, and this book analyzes the possible consequences of this.

The Israeli Economy: Dreams and Realities

Business & Money

Aharoni, Yair.

Economics

Routledge

<p>First published in 1991, during a significant stagnation in the Israeli economy, this title discusses the causes of the economic downturn, and assesses the country’s prospects. Throughout, Aharoni measures the economic problems Israel has endured against the social and economic successes it has been able to achieve. He highlights the incongruities of the aspirations of Israel’s founders and supporters and the reality, as well as the interplay of economic and political forces that have shaped this. With a detailed introduction to the ideology and development of the state of Israel, and a history of the Israeli economy and its institutional structure, this title will be of significant value to any student studying the economic history of Israel and the Middle East.</p>

The Israeli Economy (Routledge Revivals): Dreams and Realities

Reference

First published in 1991, during a significant stagnation in the Israeli economy, this title discusses the causes of the economic downturn, and assesses the country’s prospects. Throughout, Aharoni measures the economic problems Israel has endured against the social and economic successes it has been able to achieve. He highlights the incongruities of the aspirations of Israel’s founders and supporters and the reality, as well as the interplay of economic and political forces that have shaped this. With a detailed introduction to the ideology and development of the state of Israel, and a history of the Israeli economy and its institutional structure, this title will be of significant value to any student studying the economic history of Israel and the Middle East.

Foreign Investment Decision Process

Harvard Business School Press

No Risk Society

Chatham House

The no-risk society (Chatham House series on change in American politics)

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