
The Unlikely Success Story of Israel's Economy
Economics Explained
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Introduction
Israel is a small middle-eastern country on the Mediterranean Sea. It doesn't have direct trading partners across their borders, and its only real access to global trade is over the ocean. In 2009, Israel was spending more than 5% of its GDP on energy imports. Despite all of these challenges, Israel is still one of the wealthiest and most advanced economies in the world.
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