The Israeli Economy, 1985–1998 : From Government Intervention to Market Economics
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| Title: | The Israeli Economy, 1985–1998 : From Government Intervention to Market Economics |
|---|---|
| Description: | An analysis of the structural reforms that transformed Israel's economy from one dominated by government intervention to a market-oriented, open economy.From 1973 to 1985, the Israeli economy suffered a deep crisis: the growth rate declined, foreign debt increased, and inflation soared to annual rates of a few hundred percent. This book analyzes the structural reforms initiated between 1985 and 1998 that transformed the Israeli economy from one of heavy government intervention to a market-oriented, open economy. The reforms introduced fiscal discipline, increased central bank independence, and reduced government intervention in capital, labor, and financial markets. Also, competition was fostered in monopoly-controlled markets. The results of these reforms include, among others: a decline from 77 percent to 55 percent in the government expenditure portion of the gross domestic product, a decline from 65 percent of credit volume to 5 percent in government involvement in directing credit, and almost complete elimination of the tight control of the foreign-exchange market. These reforms, together with the mass migration into Israel from the former Soviet Union and the peace process with Israel's neighbors, accelerated economic growth, particularly in the business sector. Topics discussed include the impact of macroeconomic policy and structural reforms on growth, employment, inflation, balance of payments, and the rapid expansion of high-tech industry. The book also examines the consequent increase in income inequality and related problems. |
| Authors: | Avi Ben-Bassat |
| Resource Type: | eBook. |
| Subjects: | Structural adjustment (Economic policy)--Israel |
| Categories: | BUSINESS & ECONOMICS / Economics / General |
| Database: | eBook Collection (EBSCOhost) |
| FullText | Links: – Type: ebook-pdf Text: Availability: 0 |
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| Header | DbId: nlebk DbLabel: eBook Collection (EBSCOhost) An: 78205 RelevancyScore: 979 AccessLevel: 6 PubType: eBook PubTypeId: ebook PreciseRelevancyScore: 978.796813964844 |
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| Items | – Name: Title Label: Title Group: Ti Data: The Israeli Economy, 1985–1998 : From Government Intervention to Market Economics – Name: Abstract Label: Description Group: Ab Data: An analysis of the structural reforms that transformed Israel's economy from one dominated by government intervention to a market-oriented, open economy.From 1973 to 1985, the Israeli economy suffered a deep crisis: the growth rate declined, foreign debt increased, and inflation soared to annual rates of a few hundred percent. This book analyzes the structural reforms initiated between 1985 and 1998 that transformed the Israeli economy from one of heavy government intervention to a market-oriented, open economy. The reforms introduced fiscal discipline, increased central bank independence, and reduced government intervention in capital, labor, and financial markets. Also, competition was fostered in monopoly-controlled markets. The results of these reforms include, among others: a decline from 77 percent to 55 percent in the government expenditure portion of the gross domestic product, a decline from 65 percent of credit volume to 5 percent in government involvement in directing credit, and almost complete elimination of the tight control of the foreign-exchange market. These reforms, together with the mass migration into Israel from the former Soviet Union and the peace process with Israel's neighbors, accelerated economic growth, particularly in the business sector. Topics discussed include the impact of macroeconomic policy and structural reforms on growth, employment, inflation, balance of payments, and the rapid expansion of high-tech industry. The book also examines the consequent increase in income inequality and related problems. – Name: Author Label: Authors Group: Au Data: <searchLink fieldCode="AR" term="%22Avi+Ben-Bassat%22">Avi Ben-Bassat</searchLink> – Name: TypePub Label: Resource Type Group: TypPub Data: eBook. – Name: Subject Label: Subjects Group: Su Data: <searchLink fieldCode="DE" term="%22Structural+adjustment+%28Economic+policy%29--Israel%22">Structural adjustment (Economic policy)--Israel</searchLink> – Name: SubjectBISAC Label: Categories Group: Su Data: <searchLink fieldCode="ZK" term="%22BUSINESS+%26+ECONOMICS+%2F+Economics+%2F+General%22">BUSINESS & ECONOMICS / Economics / General</searchLink> |
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| RecordInfo | BibRecord: BibEntity: Classifications: – Code: 330.95694054 Scheme: ddc Type: prePub Languages: – Code: eng Text: English Subjects: – SubjectFull: Structural adjustment (Economic policy)--Israel Type: general Titles: – TitleFull: The Israeli Economy, 1985–1998 : From Government Intervention to Market Economics Type: main BibRelationships: HasContributorRelationships: – PersonEntity: Name: NameFull: Avi Ben-Bassat – PersonEntity: Name: NameFull: Avi Ben-Bassat IsPartOfRelationships: – BibEntity: Dates: – D: 01 M: 01 Type: published Y: 2002 – D: 04 M: 02 Type: profile Y: 2014 Identifiers: – Type: isbn-print Value: 9780262025188 – Type: isbn-print Value: 9780262527842 – Type: isbn-electronic Value: 9780262268059 Titles: – TitleFull: The Israeli Economy, 1985–1998 : From Government Intervention to Market Economics Type: main |
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