The Israeli economy, 1995-2017: light and shadow in a market economy

Avi Ben-Basaṭ (Editor), Reuben Gronau (Editor), Asaf Zussman (Editor)

Research output: Book/ReportBook


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.
Original languageEnglish
Place of PublicationCambridge, United Kingdom; New York, NY
PublisherCambridge University Press
Number of pages616
ISBN (Electronic)1108907628, 9781108907620
ISBN (Print)1108820859, 1108830463, 9781108820851, 9781108830461
StatePublished - 2021


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