Abstract
ABSTRACT Since its establishment in 1948, Israel’s economic policy has been original and unique, since it was loath to accept imported foreign economic ideas, and at times even explicitly rejected them. When such ideas were partly accepted, they were adjusted to local circumstances – economic, social or political – as understood by the political leadership. This unconventional economic policy was successful – not only by conventional economic standards but also when considering the massive socioeconomic challenges confronted by Israel during its first thirty years of statehood.
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