The Israeli economy : a story of success and costs / Joseph Zeira.

Format:

Book

Author/Creator:

Zeira, Joseph, author.

Series:

Princeton economic history of the Western world.

Princeton economic history of the Western world

Language:

English

Subjects (All):

Israel--Economic conditions.

Israel.

Economic history.

Neoliberalism--Israel.

Arab-Israeli conflict--Economic aspects.

Physical Description:

1 online resource (407 pages)

Place of Publication:

Princeton, New Jersey ; Oxford : Princeton University Press, [2021]

Summary:

An authoritative economic history of Israel from its founding to the presentIn 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.

Contents:

Frontmatter

Contents

Preface

Acknowledgments

1. Historical Background

Part I.The Israeli Growth Miracle

Introduction

2. Catching Up: The Rapid Growth of 1922–1972

3. Explaining Israeli Economic Growth

4. High-Tech, High Fertility, and Missing Capital

Lessons from Part I

Part II. The Israeli-Arab Conflict

5. The Conflict and the Fiscal Roller Coaster

6. Additional Costs of the Conflict

Lessons from Part II

Part III. Economic Lessons from a Turbulent History

7. Business Cycles in Israel

8. The Balance of Payments: From Deficit to Surplus

9. High Inflation in Israel

10. Monetary Policy and Its Costs

Lessons from Part III

Part IV. Neoliberalism and Its Impacts

11. Between Intervention and Markets

12. The Public Sector since 1985

13. Inequality

Lessons from Part IV

Conclusion: Four Decisions, Two Dilemmas, and One Pandemic

Appendixes

References

Index

The Princeton Economic History of the Western World

A Note on the Type

Notes:

Description based upon print version of record.

Description based on print version record.

Includes bibliographical references and index.

Other Format:

Print version: Zeira, Joseph The Israeli Economy

ISBN:

9780691229706

OCLC:

1273972986