What Is The Impact Of Trade In Israel?

Israel’s economy is very high, and is one of the most highly ranked nations in the Arab and Middle Eastern region. It is an extremely well developed economic country considering that the country only consists of 8 million people. The country lacks a lot of natural resources and products and relies on other countries to support it on this cause, Israel’s education department is one of the merely advanced department throughout its region and competes with other countries. An example of Israel’s economy is Israel’s Dead Sea

of the two countries, Israel’s general economy is affected in a different way than the United

Israel is a leading contributor in the high-tech industry including aviation, communications, computer-aided design and manufacturers, medical electronics, and fiber optics. Israel’s other major industries include wood and paper products, food, tobacco, cement construction, cut diamonds, and textiles. The major imports include raw materials, investment goods, fuels, fuels, grain, and consumer goods. The major exports of Israel include machinery, equipment, software, cut diamonds, chemicals, textiles and apparel. While Israel’s economy continues to profit, problems have begun to arise in the economy. “The economy in Israel shows a decline in recent years. Israel’s income inequality and poverty rates are among the highest of the countries that are members of the Organization for Economic Co-operation and Development (OECD) and there is a broad perception among the public that a small number of “tycoons” have a cartel-like grip over the major parts of the economy” (“Middle East: Israel”). The discovery of two large natural gas fields off the coast of Israel in 2009 brightened the outlook of Israel’s energy security as they come online within the coming years. Israel consistently ranks high among the world’s economies in terms of its technological readiness, venture capital availability, and the quality of its research organizations. The country ranks first in availability of

"Israel was not created in order to disappear- Israel will endure and flourish. It is the child of hope and the home of the brave. It can neither be broken by adversity nor demoralized by success. It carries the shield of democracy and it honors the sword of freedom."This quote from President John F. Kennedy 's Zionists of America Convention speech can considerably show that despite the small size of the country, its culture spreads out from many different foundations that would allow Israel itself to thrive. Israel has such a great history behind it. There has been a great deal of events that have occurred in this country. A lot of the history is still standing today and is still in fact being talked about. However violence and disagreements have contribute a serious role in Israel’s short history. In just the six one years Israel has been declared a state they have fought in six wars, two civil wars, and over hundreds of disputes over the state. Yet, Israel still stands proofing that it 's people have survived against all odds, and will continue to survive. Since their culture is massive, and we all have many things to be learn from it. The culture of Israel , which includes religion, holidays, food, and influential people, is essential to their flourish throughout the world.

The economy for the Jewish population is flourishing. This is due to a prosperous workforce and good education. More of the Jewish population are getting advanced degrees which helps them to create jobs by their expertise in their respected field. However, due to military conflict with other nations, billions of dollars have been used for defense material which can and will lead to a decline in the economy for Israel. There is also a large gap between the rich and poor in Israel. However, there is low unemployment and inflation which has helped Israel’s economy. The biggest challenge for Israel is the major gap between rich and poor. Overall, Jewish people in Israel have great opportunities for good education and jobs—even if that means going

As is seen, the US has long opposed boycotts of Israeli entities. Some Members of Congress have argued the US needs to continue this trend and enact legislation which will protect the integrity of trade as well as protect the state of Israel. In fact, it could be argued that protecting trade freedom of Israel is the only way to protect the state as a trade isolation would leave it vulnerable and susceptible to different forms of deterioration.

Israel is a Middle Eastern Country located along the eastern coastline of the Mediterranean Sea. It is surrounded by Lebanon, Syria, Jordan and Egypt, and lies at the crossroads of three continents: Asia, Europe, and Africa. Israel is a technologically advanced market economy. As of 2013, the country as a whole ranked 19th out of 187 nations on the UN 's “Human Development Index”. It is considered a highly developed country. Metal, biomedical and electronic equipment, pharmaceuticals and chemicals are some of Israel’s major money moneymaking sectors. In conjunction to this they also have a booming diamond industry. Although they are a world leader in advanced technology they are not completely self-dependent. They relay on other countries

This is a very useful tool when you are trying to comparing countries to each other because it shows the relative performance of these countries (investopedia.com). Comparing Israel to other countries, in 2016 with the International Monetary Fund (IMF), Israel was ranked number 24 at $37,262, and with the World Bank in 2016 as well, it was ranked as number 22 at $37,293 (Economy of Israel). All of the GDP are converted into United States currency to even out the playing field and make it easier to rank all of the countries. While the GDP per capita can help compare countries to one another, an issue with it is that it doesn’t take into account the differences in cost of living as well as the fluctuations in the exchange rates of a country’s currency (wikipedia.org). Within the entire Middle East, Israel has the highest GDP, just about doubling Iran who is the second highest at $12,900 (Economy in the Middle East). By breaking down the percentages of the GDP in Israel, it shows that most of the GDP is towards services at 64.7%, then 31.2% in industry, and a small 2.5% in agriculture (Economy of Israel). A major contributor to Israel’s economy is trade. The value of the total exports as well as imports together equals to amount 59% of the total GDP (heritage.org).

In today’s modern and scientifically advanced society, there are countless and different categories of Cultures. Taking a moment to understand and comprehend another culture will develop and benefit you as an individual. All are distinctive in their own aspect. They also have many similarities. Although we all come from different backgrounds, our heritage and our surrounding allow us to identify who we are in character. We see different traits all over the world. The immense land of Israel is unique to the world. Its culture, as distinctive as it is, is all around the world. In order to comprehend and appreciate its remarkable inheritance, consider experiencing a few aspects of its History, Military, The Land

Imports: In 2013, Israel was our 21st largest supplier of goods imported to the U.S.

Since the 6 Day War of 1967, Israel has occupied the West Bank and Gaza Strip, the Palestinian economy has become extremely dependent on the richer economy of Israel. Many thought that the signing of the Oslo accords in 1993 would relieve the constraints on the growth of Palestinians would be removed since peace would give them the opportunity to implement their own economic priorities. However, because of the second Intifada, the retraction of the peace process brought West Bank and Gaza Strip to a worse condition than it already was in. Today, the Palestinian economy is still directly tied to Israel’s economy.

Israel’s economy will perform strongly in the following three years, with GDP annual growth rate average 3 percent. Currently, the low interest rate (0.10 percent) and an expansionary budget contribute to a flat unemployment rate and high consumer confidence, which in turn bring about growing household income and robust private consumption. Consumption spending, at both private and public levels, is projected to be the primary driver of economic growth in the following years. Regarding external demand, slower than expected global growth, particularly in Europe, has weakened exports, which account for approximately 40 percent of GDP in Israel. Nevertheless, the top one export destination, the United States (28 percent of total exports), is expected to recover from the previous economic crisis and increase demand for Israeli imports gradually. As a country with insufficient natural resources, Israel is reliant on imports of food and energy. Lower oil prices due to oversupply and demand conditions and the discovery of offshore gas reserves will improve trade balances.

Despite economic prosperity, the Israeli economy faces many challenges, some are short term and some are long term challenges. On the short term its inability to duplicate its success in the telecommunication industry into other growing industries hampers its economic outlooks. Its inability to foster large multinational companies in the last decade also calls into question its ability

Taking into consideration the historical timeline of brutal conflicts of Israel with many Arab countries, specifically Iran and Israel have not always been particularly on bad terms. David Menashri, an Israeli expert on Israeli-Iranian relation, said that “in the back of the historical memory of the Israelis, when you speak about Iran, Iran is considered to be a good friend of Israel.” (Sterling, 2012) These good relationships have been largely formed based on their economic interests where they traded goods which were significant to them such as Israeli weapons and Iran oil.

The United States is India’s number one export market, and it has a trade surplus of more than $30 billion with the U.S. the biggest surplus amount it has with any country, while India is the 18th largest export market for U.S. goods. Top U.S. export types to India in 2016 were: precious metal and stones,