This comprehensive study examines the sources of growth and stagnation in the Israeli economy, focusing on the development of the industrial and agricultural sectors, changes in the supply of labour, the nature of capital markets and the expansion of the defence budget. The author analyzes policies that have been successful in lowering inflation an

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.

This book constitutes the first attempt at a comprehensive description, history, and analysis of Israel's economy. Plessner examines events of the past two decades and advances the hypothesis that problems within the Israeli economy can be explained by the extent of its departure from the institutions and rules that govern predominantly market economies. He argues that Israel is unusual in that it affords an opportunity to analyze a socialized economy embedded in a democratic society. Individual chapters describe Israel's economic growth and stagnation, the government's domination of capital and credit markets, and the absence of a truly independent private sector. The concluding chapter evaluates the stabilization program of the 1980s and its aftermath and provides a prognosis for the future. Told within the framework of the story of Zionism and the creation of the Jewish state, this book answers the question of why the Israeli economy finds itself today in the same state in which it has languished since 1973.

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.