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Joseph Zeira

The Israeli Economy: A Story of Success and Costs

The Israeli Economy: A Story of Success and Costs

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The Israeli Economy, by Joseph Zeira, is an authoritative economic history of Israel from its founding to the present, shedding critical new light on its rapid economic growth. It explains how the new state's astonishing growth continued into the early 1970s due to public investment in education and large foreign transfers. Zeira analyzes the costs of the Arab-Israeli conflict and discusses how Israel went through intensive neoliberal economic policies in recent decades, which failed to enhance economic performance and led to significant social inequality.

Format: Hardback
Length: 408 pages
Publication date: 23 November 2021
Publisher: Princeton University Press


From its humble beginnings in 1922, when Palestine was a small country in a volatile and impoverished region, Israel has undergone an extraordinary economic transformation. Today, with a population of nine million, Israel stands as one of the wealthiest nations on the globe. The Israeli Economy: A Comprehensive History, written by Joseph Zeira, delves into the intricate story of this remarkable journey, shedding valuable new light on Israel's rapid economic growth.

Zeira takes readers on a historical journey, spanning from the early days of Israel's establishment to the present. He vividly describes how Israel's economic development unfolded amidst intense conflicts with the Palestinians and neighboring Arab countries. He reveals the critical factors that contributed to Israel's astonishing growth in the early 1970s, attributing it to significant public investment in education and substantial foreign transfers.

In his analysis, Zeira examines the profound costs of the Arab-Israeli conflict, highlighting how economic output could be significantly higher with a comprehensive peace. He explores how Israel underwent intensive neoliberal economic policies in recent decades, only to witness their failure to improve economic performance and exacerbate social inequality.

The Israeli Economy: A Comprehensive History is a groundbreaking work, based on more than two decades of extensive research. It provides a comprehensive survey of a modern economy that has weathered wars, immigration waves, and other significant shocks. This book offers valuable insights and lessons for nations worldwide, as it sheds light on the strategies and challenges that can shape economic development in diverse contexts.

In conclusion, The Israeli Economy: A Comprehensive History is a must-read for anyone interested in understanding the complex economic history and current state of Israel. Through its detailed analysis and insightful perspectives, this book provides valuable insights into the factors that have contributed to Israel's remarkable transformation and the lessons that can be applied to other nations seeking economic growth and stability.

Weight: 732g
Dimension: 164 x 300 x 36 (mm)
ISBN-13: 9780691199450

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