Aaron Katsman
IsraelNewsletter.com

Last week in the tourist city of Eilat, the big-wigs( yours truly was not invited) of the Israeli economy got together to speak about the future of the Israeli economy. Speaking about the global economic slowdown and the ramifications on the Israeli economy, Ministry of Finance director general Yarom Ariav mentioned that he expects a slowdown locally on the heels of the global economic slowdown. Pretty standard analysis.

Then, according to Globes, Ariav said, “The decision to integrate into the global economy has greatly limited options for the Israeli economy. 10% annual growth by emerging markets affects raw materials, oil, and disposable goods.”

What?

Is he saying that that fact Israel is now part of the global economy a bad thing? Would it be better for Israel to be a protectionist and isolationist economy, and just produce goods for our own survival? (Continue »)

Share with others: