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Cambridge University Press

Israeli Economy, 1995-2017: Light and Shadow in a Market Economy

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Title: Israeli Economy, 1995-2017: Light and Shadow in a Market Economy
Author: Avi Ben-Bassat
ISBN: 9781108820851
Publisher: Cambridge University Press
Published: 2021
Binding: Paperback
Language: English
Condition: Used: Very Good


B 1631720

Publisher Description:
This book describes and analyses developments in the Israeli economy from 1995 to 2017. During this period, inflation was vanquished, the deficit in the balance of payments turned into a surplus, the public debt to GDP ratio sharply decreased, and unemployment has declined to an historical low. Nevertheless, the economy still suffers from many maladies: the productivity level is among the lowest in the developed world, and inequality has generally been on the rise. In the face of these threats to future growth and social cohesiveness, the question arises: has the reliance on market forces gone too far, and has the government retreated from its traditional tasks, tasks the private sector cannot (or does not) perform.