Liberalization and the transformation of the political economy

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review


Surely, nothing in Israel has changed more dramatically than the economy and the assumptions underlying the states economical policies. Fifty years ago Israel was a poor new state hopelessly indebted to the outside world. Thirty-five years ago it could be described as a rapidly growing developing country undergoing successful industrialization. Fifteen years ago it was an extreme case of an economically over-burdened state incapable of stemming stagnation and spiraling inflation. But as the century comes to a close, the guardians of the “Washington consensus” hold Israel up as a model of economic liberalization and successful adaptation to globalization and technological change.1

Original languageEnglish
Title of host publicationThe New Israel
Subtitle of host publicationPeacemaking and Liberalization
PublisherTaylor and Francis
Number of pages31
ISBN (Electronic)9780429964718
ISBN (Print)9780813338736
StatePublished - 1 Jan 2018


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