Download or read book The Israeli Economy, 1995–2017 written by Avi Ben-Bassat and published by Cambridge University Press. This book was released on 2021-02-18 with total page 639 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.