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The History of Israel's Economic Success
Israeli economy grew relatively rapidly in the 70s and early 80s. The growth rate was absolutely spectacular, as those numbers suggest, over 10% per annum. Israel would simply not exist without that first phase of social democratic socialist, kibbutz anchored version of the Israeli project. What we're really looking at is a fairly typical gear shift from rapid post-World War II growth to much more slow and contested and inflationary growth.