An authoritative economic history of Israel from its founding to the present In 1922, there were ninety thousand Jews in Palestine, a small country in a poor and volatile region. Today, Israel has a population of nine million and is one of the richest countries in the world. The Israeli Economy tells the story of this remarkable transformation, shedding critical new light on Israel's rapid economic growth. Joseph Zeira takes readers from those early days to today, describing how Israel's economic development occurred amid intense fighting with the Palestinians and neighboring Arab countries. He reveals how the new state's astonishing growth continued into the early 1970s, and traces this growth to public investment in education and to large foreign transfers. Zeira analyzes the costs of the Arab-Israeli conflict, demonstrating how economic output could be vastly greater with a comprehensive peace. He discusses how Israel went through intensive neoliberal economic policies in recent decades, and shows how these policies not only failed to enhance economic performance, but led to significant social inequality. Based on more than two decades of groundbreaking research, The Israeli Economy is an in-depth survey of a modern economy that has experienced rapid growth, wars, immigration waves, and other significant shocks. It thus offers important lessons for nations around the world.

This book analyzes the development of the Israeli economy in its historical context. It shows how the ideology of the dominant group in the Zionist movement led to the development of agriculture, thus meeting the preconditions for successful industrialization. Remarkable, if uneven, growth has taken place, with increasing allocations for defense. Regional isolation led to the emphasis on high-quality exports for developed markets that has stimulated the technological base. Israel has benefited from mass immigration and increased access to foreign capital, factors that have transformed the economy. The book includes chapters on the development of the Jewish community in Palestine during the British Mandate; macroeconomic developments and economic policy; globalization and high technology; defense; the economics of the Arab minority; Israeli settlements and relations with the Palestinians; and the role of religion. It concludes with an examination of the socioeconomic divisions that have widened as the economy has grown.

What the world can learn from Israel's meteoric economic success. Start-Up Nation addresses the trillion dollar question: How is it that Israel -- a country of 7.1 million, only 60 years old, surrounded by enemies, in a constant state of war since its founding, with no natural resources-- produces more start-up companies than large, peaceful, and stable nations like Japan, China, India, Korea, Canada and the UK? With the savvy of foreign policy insiders, Senor and Singer examine the lessons of the country's adversity-driven culture, which flattens hierarchy and elevates informality-- all backed up by government policies focused on innovation. In a world where economies as diverse as Ireland, Singapore and Dubai have tried to re-create the "Israel effect", there are entrepreneurial lessons well worth noting. As America reboots its own economy and can-do spirit, there's never been a better time to look at this remarkable and resilient nation for some impressive, surprising clues.

A rigorous analysis of the role played by globalization in key episodes in the development of the Israeli economy, from hyperinflation crisis to high-tech surge. Anti-globalization sentiments are rising, especially in Europe and the United States, with the increasingly integrated global economy blamed for domestic economic distress. In this book, Assaf Razin argues that Israel offers a counterexample to this view, showing decisively positive economic effects of globalized finance, trade, and immigration. He offers a rigorous analysis of the role played by globalization in key episodes in the remarkable development of the Israeli economy. His findings may hold lessons for productivity-challenged advanced economies as well as for other countries such as China currently making the transition to fully developed economies. Razin examines the wave of immigration after the collapse of the Soviet Union, as highly skilled Soviet Jews migrated to Israel and the effect on income inequality; the Great Moderation of inflation and employment in advanced economies, as Israel's inflation converged in parallel with low world inflation rates; Israel's robustness in the face of the deflation shocks of the 2008 financial crisis; and technology transmission through foreign direct investment, reinforcing Israel's high-tech sector surge. He also considers such ongoing challenges as high fertility and low labor market participation and the economic costs of the Israeli-Palestinian conflict.

The Israeli economy was performing well before the COVID-19 shock but the pandemic is threatening to reverse some of Israel’s recent economic achievements, raise poverty and exacerbate wide productivity disparities between its vibrant high-tech sector and lagging sheltered sectors. Lockdown measures and high uncertainty have led to a sharp contraction in output and reduced employment.

The debate about globalisation and its discontents

5 by predations of the sea peoples. However, the weakening of Mycenean seapower, the destruction of the Hittite kingdom, and finally, the limitation on Philistine strength resulting from the alliance between David and the king of Tyre in the eleventh century, combined to open up "for the Phoenicians, in the first quarter of the first millennium B. C. E. vast overseas trading areas" (Oded 1979a, p. 228). By the end of the eleventh century, pottery from Cyprus, after a long absence could once again be found in Israelite-occupied sites (Albright 1960, p. 47). The expansion of the sea trade in the Mediterranean in which, judging by the song of Deborah (Judg. 5), the northern tribes of Asher and Dan (?) (see figure 1-2) would have parti cipated, was accompanied by the inauguration of camel caravans trans porting the goods of southern Arabia to and through Israel (see Bulliet 1975, especially p. 36). Military victories over the Philistines and Syrians, receipts of tribute, and the collection of tolls from the control of trade routes together with the general revival of trade all contributed to Israel's growing wealth. Indeed, the David-Solomon period (most of the tenth century) is often portrayed as the peak of Israelite economic development. In fact there is precious little extra biblical evidence supporting this portrayal. For example, in spite of the reported activity of David and Solomon's scribes, only one example of 6 "Hebrew" writing from this period, the Gezer Calendar, has been found.

Israel’s economy continues to register remarkable macroeconomic and fiscal performance. Growth is strong and unemployment is low. The external surplus is comfortable, and the public debt-to-GDP ratio, already well below the OECD average, is still falling. However, Israeli society remains marked by weak social cohesion and significant disparities, which penalise parts of the population and threaten the longer-term sustainability of these good results. Despite better employment outcomes among Israeli-Arabs and the Haredim, workers from these communities are often trapped in low-paid jobs due to their weak skill sets, implying persistent poverty and weak aggregate productivity. Moreover, low social transfers imply that the often large families in these communities face deprivation that contributes to child poverty. High cost of living and house prices also weigh on the social situation and well-being, and public transport deficiencies are detrimental to work-life balance and cause urban congestion and poor air quality. The authorities have continued their reform process over the last few years to address these issues. Making growth stronger, more inclusive and more sustainable will require further action and more public investment in education to improve the skills of Israeli-Arabs and Haredim together with additional product market reforms and better transport infrastructure. SPECIAL FEATURES: EDUCATION AND SKILLS; INFRASTRUCTURE

This volume illuminates changes in Israeli society over the past generation. Goldscheider identifies three key social changes that have led to the transformation of Israeli society in the twenty-first century: the massive immigration of Jews from the former Soviet Union, the economic shift to a high-tech economy, and the growth of socioeconomic inequalities inside Israel. To deepen his analysis of these developments, Goldscheider focuses on ethnicity, religion, and gender, including the growth of ethnic pluralism in Israel, the strengthening of the Ultra-Orthodox community, the changing nature of religious Zionism and secularism, shifts in family patterns, and new issues and challenges between Palestinians and Arab Israelis given the stalemate in the peace process and the expansions of Jewish settlements. Combining demography and social structural analysis, the author draws on the most recent data available from the Israeli Central Bureau of Statistics and other sources to offer scholars and students an innovative guide to thinking about the Israel of the future. This book will be of interest to scholars and students of contemporary Israel, the Middle East, sociology, demography and economic development, as well as policy specialists in these fields. It will serve as a textbook for courses in Israeli history and in the modern Middle East.

Research papers on economic conditions in Israel - considers population growth and its role in economic growth; covers structural changes in economic structure and industrial structure, capital investment, relationships between educational level and wage differentials, public expenditure on defence and public services, income redistribution, taxation, etc.; examines balance of payments and energy problems, the system of cost of living allowance, and dynamics of inflation; includes economic policy suggestions. Graphs, references, statistical tables.