Israel's Economic Revolution.

When the State of Israel was established in 1948 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 the local population with food and made it possible to disperse the population to outlying areas. There was little industrial production because of the scarcity of capital and raw materials. During the late 1950's the approach was changed and an active policy of encouraging industrial development was adopted. Industrial producti