Israel Industry During The Last 50 Years.

Prepared by the Economics Department of Bank Hapoalim.

When the State of Israel was established, it was faced with the challenge of absorbing mass immigration and finding sources of income for the country's newcomers. During the early years of the State, preference was given to agriculture, which supplied food and made it possible to disperse the population. Industrial production required capital and raw materials that were not available to the economy at the time. During the 1950's, the approach was changed and an active policy of encouraging industrial development was ado