Area Handbook for Israel

By Harvey H. Smith; Frederica M. Bunge et al. | Go to book overview

CHAPTER 24
FOREIGN ECONOMIC RELATIONS

In the second decade of statehood, international trade became a matter of increasing priority for the government and economy of Israel. Exports increased in volume and in earnings, with industrial products setting the pace of expansion. New overseas markets were cultivated and former ones maintained. Diversification of export commodities was emphasized. Political stability and dynamic economic growth inspired an uninterrupted inflow of philanthropic and investment capital. Tourism rose sharply; so did imports, although with less favorable implications for a persisting balance of payments problem.

Foreign trade patterns were thus somewhat reflective of those challenges that confront the developing nations in their professed goal of rapidly creating a modern, industrialized society. The need to import heavy equipment, highly complex machinery, and raw materials, as well as the need to attract foreign capital, were regarded as preconditions for future growth. Overfull employment by 1969, relatively high personal incomes, and the general atmosphere of prosperity continued to increase local demand for manufactured consumer goods. These two factors, one official and directed toward the future, the other, popular and more immediate, combined to affect adversely the balance of trade by stimulating imports while reducing the quantity of products otherwise available for export.

Israel, although having avoided the hazard of relying upon a single export item, nevertheless, was subjected to the frailties of an unstable world pricing system and to a fluctuating demand for its primary export products. An additional limitation on trade expansion, one basic to Israel, has been Arab hostility with its two corollaries: a heavy defense expenditure and an inability to engage in peaceful commerce with the neighboring countries of the Middle East.

Having labored to achieve membership in the international community and having been dependent over the years upon external financial assistance, Israel continued to seek political security as well as economic self-sufficiency. Foreign trade and aid, consequently, are important both as an extension of diplomacy and as a key determinant in the growth potential of the economy as a whole.

The year 1967, distinguished by the Six-Day War and the end of a

-345-

Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items
Notes
Cite this page

Cited page

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Note: primary sources have slightly different requirements for citation. Please see these guidelines for more information.

Cited page

Bookmark this page
Area Handbook for Israel
Table of contents

Table of contents

  • Title Page i
  • Preface v
  • COUNTRY SUMMARY vii
  • Contents xi
  • SECTION I. SOCIAL 1
  • Chapter 2 - PHYSICAL ENVIRONMENT 13
  • Chapter 3 Historical Setting 29
  • Chapter 4 - POPULATION 55
  • Chapter 5 Ethnic Groups and Languages 67
  • Chapter 6 Social Structures 75
  • Chapter 7 Family 89
  • CHAPTER 8 - LIVING CONDITIONS 98
  • Chapter 9 - EDUCATION 113
  • Chapter 10 - ARTISTIC AND INTELLECTUAL EXPRESSION 131
  • Chapter 12 - SOCIAL VALUES 153
  • SECTION II. POLITICAL 163
  • Chapter 14 - POLITICAL DYNAMICS 187
  • Chapter 15 Foreign Relations 209
  • Chapter 16 - PUBLIC INFORMATION 221
  • Chapter 17 - POLITICAL VALUES AND ATTITUDES 239
  • Chapter 18 - BIOGRAPHIES OF SELECTED KEY PERSONALITIES 255
  • SECTION III. ECONOMIC 273
  • Chapter 20 Agriculture 285
  • Chapter 21 Industry 299
  • Chapter 22 Labor 311
  • Chapter 23 - DOMESTIC TRADE 333
  • Chapter 24 - FOREIGN ECONOMIC RELATIONS 345
  • Chapter 25 Financial and Monetary System 357
  • SECTION IV. NATIONAL SECURITY 369
  • Chapter 27 - PUBLIC ORDER AND INTERNAL SECURITY 397
  • Index 447
  • PUBLISHED AREA HANDBOOKS 457
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
Items saved from this book
  • Bookmarks
  • Highlights & Notes
  • Citations
/ 462

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Search by... Author
    Show... All Results Primary Sources Peer-reviewed

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.