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Cultural Geography: Israel

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Words 965
Pages 4
Kayla Boggs
Ms. Jones
Cultural Geography, Period 4
22 October 2015
Righteous Israel
Even though it may not seem like it, Israel is one of the strongest nations of them all. Israel is in an area on planet Earth known as the Middle East. Israel lies along the Eastern coastline of the Mediterranean Sea. Israel is bordered by Lebanon, Syria, Jordan and Egypt. It is close to Europe, Asia, and Africa but is considered a part of Asia. Israel is the homeland of the Jewish people, and the Bible contains a historical account of the first thousand years of Israel’s history. Even though the Jewish people spent many centuries dispersed around the world, they never forgot about their true homeland. In 1948 the Jewish people regained their independence that …show more content…
It is a technologically advanced market economy. Israel ranks as one of the top 20 nations on the UN’s Human Development Index. Currently Israel is number 19, and considered “Very Highly Developed.” Israel is ranked ahead of France, Austria, and Belgium, and has a thriving economy. Its GDP growth, 3.2%, is higher than many other developed nations. Its low unemployment rate also contributes to why its economy is so strong. Israel’s unemployment rate is 2% lower than the United States’ unemployment rate, which currently sits at 9.4%. The Israeli people’s economic strategy is one of the reasons how Israel managed to mitigate the global financial crisis. Israel worked diligently to cut its deficit, prior to economic downturn. Then they let the deficit grow when the economy began to suffer. According to The Atlantic “Their central banker, Stanley Fischer, may be the smartest one in the world” (Weissman). His efforts have helped to keep Israel’s currency stable. Fischer’s strategy is to direct the economy toward consistent growth. Israel also recently became a member of the Organization for Economic Co-operation and Development (OECD). Because of this membership Israel can now work together, with countries like United States, Canada, and the United Kingdom. These countries work together to promote economic growth, wealth building, and consistent development. Israel’s great exports add to why its economy is so powerful. Israel has limited natural resources. Most of Israel’s imports are raw goods, such as uncut diamonds, and energy resources like coal and oil. Israel manages to export finished products such as chemical components, electronic goods, and aircraft parts. This trade of importing raw materials for finished goods gives Israel an advantage because raw materials are inexpensive but manufactured goods offer high profits. Israel has a highly educated and skilled workforce. Additionally, Israel has a lot

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