Tuesday, February 08, 2011

Israeli Economy For Beginners

We learn from the press and political analysts that, against all odds and in spite of the global financial turmoil, Israel’s economy is booming. Some even suggest that Israel is one of the strongest economies around.

‘How come?’ you may ask; besides maybe avocado, oranges, and some Dead Sea beauty products, none of us has actually ever seen an Israeli product on the shelves. They don’t make cars; nor do they make electric or electronic appliances, and they hardly manufacture any consumer goods. Israel claims to be advanced in high-tech technologies but somehow, the only Israeli advanced software ever to settle within our computers have been their Sabra Trojan Horses. In the land they grabbed by force from the indigenous Palestinians, they are yet to find any lucrative minerals or oil.

So what is it? How is it that Israel is impervious to the global financial disaster? How can Israel be so rich?'


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