RubinReports: Israel's economic and strategic situation is surprisingly bright right now. That’s partly due to the government’s own economic restraint and strategic balancing act, partly due to a shift in Obama Administration policy, and partly due to the conflicts among Israel’s adversaries.
Let’s start with the economy. During 2012, Israel’s economy grew by 3.1 percent. While some years ago this would not be all that impressive it is amazing given the international economic recession. The debt burden actually fell from 79.4 percent of Gross Domestic Product to only 73.8 percent. As the debt of the United States and other countries zooms upwards, that’s impressive, too.
Israel’s credit rating also rose at a time when America’s was declining. Standard and Poor lifted the rating from A to A+. Two other rating systems, Moody’s and Fitch, also increased Israel’s rating.
Now not only is gas from Israel's offshore fields starting to flow but a new estimate is that the fields are bigger than expected previously.
Now not only is gas from Israel's offshore fields starting to flow but a new estimate is that the fields are bigger than expected previously.
And that’s not all. Unemployment fell from 8.5 percent in 2009 to either 6.8 to 6.9 percent (according to Israel’s bureau of statistics) or 6.3 percent (according to the CIA)...
...Face it. The obsession with the “peace process” is misplaced and misleading. The big issue in the region is the struggle for power in the Arabic-speaking world, Turkey, and Iran between Islamists and non-Islamists. And, no, the Arab-Israeli conflict has very little to do with these issues. Those who don’t understand those points cannot possible comprehend the region. Secretary of State John Kerry may run around the region and talk about big plans for summit conferences. But nobody really expects anything to happen.
...Face it. The obsession with the “peace process” is misplaced and misleading. The big issue in the region is the struggle for power in the Arabic-speaking world, Turkey, and Iran between Islamists and non-Islamists. And, no, the Arab-Israeli conflict has very little to do with these issues. Those who don’t understand those points cannot possible comprehend the region. Secretary of State John Kerry may run around the region and talk about big plans for summit conferences. But nobody really expects anything to happen.
This is not, of course, to say that there aren’t problems. Yet what often seems to be the world’s most slandered and reviled country is doing quite well. Perhaps if Western states studied its policies rather than endlessly criticized them they might gain from the experience.
