ISRAEL HAYOM
by Yoram Ettinger
November 29, 2014

The assumption that Israel’s economic growth depends on peace accords, and that Israel’s economy cannot withstand BDS (boycott, divestment and sanctions) pressure, are inconsistent with reality. In fact, Israel’s unique economic growth — from $1.5 billion GDP in 1949 to $300 billion in 2014, from $50 million in exports in 1949 to $97 billion in 2014, and from no foreign exchange reserves in 1949 to $92 billion in 2014 — has been driven by aliyah (Jewish immigration), fiscal responsibility, brain power, cutting-edge commercial and defense technologies, exports, military deterrence and (most recently) the discovery of natural gas reserves. READ MORE