Israel Economy

Israel is a developed country, an OECD member, and a representative democracy with a parliamentary system, proportional representation and universal suffrage. The Prime Minister serves as head of government and the Knesset serves as Israel's unicameral legislative body. Israel has one of the highest life expectancies in the world. The economy, based on the nominal gross domestic product, was the 41st-largest in the world in 2010, with a very high standard of living, which is the highest in the Middle East. Israel's financial centre is Tel Aviv, while Jerusalem is the country's most populous city, and its de facto capital The population of Israel, was estimated in 2012 to be 7,848,800 people, of whom 5,909,000 are Jewish. Arabs form the country's second-largest ethnic group, the great majority of whom are settled-Muslims. Smaller minorities include Negev Bedouins, Druze, Christians, Circassians and Samaritans.
Independence and after years
On 29 November 1947 the General Assembly adopted a resolution recommending the adoption and implementation of the Plan of Partition with Economic Union .The Jewish community accepted the plan, but the Arab League and Arab Higher Committee of Palestine rejected it. On 14 May 1948, the Jewish Agency proclaimed independence, naming the country Israel. The following day, the armies of Arab countries attacked Israel, launching the 1948 Arab–Israeli War. Israel was accepted as a member of the United Nations by majority vote on 11 May 1949.
Politics
A member of parliament supported by a parliamentary majority becomes the prime minister—usually this is the chair of the largest party. The prime minister is the head of government and head of the cabinet. Israel is governed by a 120-member parliament, known as the Knesset. Membership of the Knesset is based on proportional representation of political parties.
Foreign relation
Israel maintains diplomatic relations with 157 countries and has 100 diplomatic missions around the world. Only