Re: Israel’s Roaring Economy
On Jun 20, 2007, at 1:57 AM, Jonathan Nitzan wrote:
These explications, whether plausible or not, all fall into the same trap: they believe the capitalist media. They rush to explain why the Israeli economy is roaring without ever stopping to ask whether it is roaring.
According to the IMF, Israeli GDP growth has averaged 5% since 2004.
That’s not China, but it’s still pretty strong. Population is growing
about 2% a year, so per capita, it’s around 3%. Not the top of the
world, but highly respectable. Is this measurement somehow misleading?
Doug