Israel Business Proposition
ISRAEL
BUSA 3000-040
MW 1:30PM
Spring 2013
Professor Doria
Business Proposition
Background
According to the CIA-World Factbook, Israel is located in the Middle East. It borders the Mediterranean Sea and can be located between Egypt and Lebanon. “Israel’s area is a total of 20,770 sq. km, 20,330 sq. km consists of land and 440 sq. km consists of water. Comparably, it is slightly larger than the American state of New Jersey. As of July 2012, it has a population of approximately 7,590,758 people.” (https://www.cia.gov/library/publications/the-world-factbook/geos/is.html)
Its political system is a Parliamentary Democracy. The chief of state is President Shimon Peres and the head of government is Prime Minister Binyamin Netanyahu. Currently, no single political party is in power in Israel. Because there is no constitution, they have 10-15 political parties.
It has a mixed legal system of English common law, British Mandate regulations, and Jewish, Christian, and Muslim religious laws (https://www.cia.gov/library/publications/the-world-factbook/geos/is.html).
Economy System
The CIA-World Factbook also states that Israel has a market economy that is highly technical. Israel depends heavily on importing resources and goods. It imports grains, crude oil, military equipment, and raw materials. It exports hi-tech equipment, and agricultural products, like fruits and vegetables; and most important, cut diamonds. Israel trade deficits are usually substantial, and are covered by tourism and other services that they export. They also incorporate a significant amount of inflows derived from foreign investment. Israel experienced a brief recession following the global financial crisis of 2008-09. Fortunately, the country entered the crisis with a solid foundation due to a robust banking sector and its practical fiscal policy. Israel’s economy has recovered better than other economies that are as advanced and similar in size. “In 2010,
BUSA 3000-040
MW 1:30PM
Spring 2013
Professor Doria
Business Proposition
Background
According to the CIA-World Factbook, Israel is located in the Middle East. It borders the Mediterranean Sea and can be located between Egypt and Lebanon. “Israel’s area is a total of 20,770 sq. km, 20,330 sq. km consists of land and 440 sq. km consists of water. Comparably, it is slightly larger than the American state of New Jersey. As of July 2012, it has a population of approximately 7,590,758 people.” (https://www.cia.gov/library/publications/the-world-factbook/geos/is.html)
Its political system is a Parliamentary Democracy. The chief of state is President Shimon Peres and the head of government is Prime Minister Binyamin Netanyahu. Currently, no single political party is in power in Israel. Because there is no constitution, they have 10-15 political parties.
It has a mixed legal system of English common law, British Mandate regulations, and Jewish, Christian, and Muslim religious laws (https://www.cia.gov/library/publications/the-world-factbook/geos/is.html).
Economy System
The CIA-World Factbook also states that Israel has a market economy that is highly technical. Israel depends heavily on importing resources and goods. It imports grains, crude oil, military equipment, and raw materials. It exports hi-tech equipment, and agricultural products, like fruits and vegetables; and most important, cut diamonds. Israel trade deficits are usually substantial, and are covered by tourism and other services that they export. They also incorporate a significant amount of inflows derived from foreign investment. Israel experienced a brief recession following the global financial crisis of 2008-09. Fortunately, the country entered the crisis with a solid foundation due to a robust banking sector and its practical fiscal policy. Israel’s economy has recovered better than other economies that are as advanced and similar in size. “In 2010,
Cited: “About Agrotechnology”. The Israel Export and International Cooperation Institute. 19 Jan. 2013