TITLE

ISRAEL: The New Economic Policy

AUTHOR(S)
Samuel, Dan
PUB. DATE
April 1952
SOURCE
New Republic;4/7/53, Vol. 126 Issue 14, p16
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article focuses on the new economic policy of Israel. There has been no revolutionary reversal of policy, but rather a somewhat belated official recognition of Israel's financial crisis. The crisis was caused by the cost of mass immigration, by the need to maintain a strong defense force, by the tremendous demands of capital expansion, and by comparatively low industrial output. The new measures, a triple exchange rate for the Israel pound, a balanced budget, greater incentives for local production and foreign investment are therefore designed to promote self sufficiency, and to bring down the standard of living to a more realistic level.
ACCESSION #
14454812

 

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