Abstract
Objective. The main objective of this article was to study the Israeli experience of post-war economic reconstruction and to define the factors effecting the growth and development of the economy of Israel. Methods. We used such general and specific methods as comparison, analysis, synthesis, graphic method and grouping in order to gain this objective. Results. As a result of this research we defined the main indicators of economic development of Israel and its position in world ratings. We also defined the main indicators of development of Israel as a state, among which are international support, issue of government bonds, reparation from Germany, and development of the New Economic policy, establishment of the Israeli Military Force culture and inflow of human resources. Launching of major infrastructure projects played a significant role in economic recovery, such as water supply system construction, sea ports and processing plants. Moreover, state supported agriculture and light industry. The economy of Israel is highly developed due to support to research and development achievements made by scientists, thus, it is based on gaining new knowledge and its practical implementation. The basis for Israel’s economic miracle is science, the development and implementation of new technologies with their further adaption for real manufacturing. Israel’s experience is a valuable example of post-war reconstruction of a country and the way to bring the country out of ruins. It is worth taking Israeli experience into account while developing Ukraine’s Marshall Plan when it goes about taxation, state production support, human capital accumulation, development of innovations and their implementation into processing industry. Scientific novelty. In the research the authors proved that the phenomenon of Israel’s economic miracle is unique and its experience is a positive example of how to make the economy innovative out of nothing. Practical significance. The research defined the factors effecting the establishment of the economy of Israel. These factors may be used in the Ukrainian reality, while developing the recovery plan. Key words: economy competitiveness, innovative economy, technology and innovation, post-war reconstruction, international experience, global economy, development.
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