FEATURES OF THE DEVELOPMENT OF THE ISRAELI ECONOMY AT THE PRESENT STAGE

Autor: Evgenii V. Palamarenko
Rok vydání: 2020
Předmět:
Zdroj: SCIENTIFIC REVIEW. SERIES 1. ECONOMICS AND LAW. :126-142
ISSN: 2076-4650
DOI: 10.26653/2076-4650-2020-1-2-11
Popis: Israel's economy is distinguished by a high degree of involvement in international economic relations. The peculiarities of Israel's economic development indicate a large-scale transition from low-tech (agricultural and textile industries) to high-tech (defense industry, high technology) production. This has become possible both thanks to American aid to Israel and due to proper investment in education. A feature of the current stage of technological development is the transnationalization of industries, the commercialization of Israeli start-up companies, the creation of an innovative environment for business development. An extraordinary turn for Israel was the shift from energy dependence on Arab producers to energy independence and an exporter of natural gas. Israel, Greece, Egypt and Cyprus have found common interests in energy and natural gas production off their shores. Due to the discovery of energy resources in the exclusive economic zone, Israel has declared itself not only as an energy independent actor in the regional economy, but also as a potential exporter of natural gas in the region and to Europe. In addition, the intensification of Israel's international economic relations with the countries of the world has shown itself in expanding the geography of new agreements on a free trade zone with a number of states. It is thanks to this that new markets for the supply of Israeli products in Africa and the CIS strengthen Israel's international economic cooperation, establishing strong and promising economic ties.
Databáze: OpenAIRE