How Israel Got So Rich While Surrounded By Enemies

[@midnightflare9879]

“Let me tell you something that we Israelis have against Moses. He took us 40 years through the desert in order to bring us to the one spot in the Middle East that has no oil.”

[@LucasAlves-yb5lr]

😂😂😂

[@mensrea1251]

When God asked Moses which land he wanted for his people, Moses intended to say “Canada” but he had a stutter and it came out “Canaan”…

[@RodrigoOliveira-tb7zf]

What do you mean it has no oil? It has Lebanese oil, Syrian oil, Egyptian oil, and even Azerbaijani oil

[@freddy4603]

In a way, he dodged a bullet

[@CornishCreamtea07]

To make matters worse he didn't think to bring along Volvic water.

[@Clever_viper]

As a Venezuelan EE fan, I find it sadly hilarious that my reaction to every problem shown in every video is “oh we have that too” 😅

[@santosmedina4248]

Jajajajajaj y como uno argentino también!

[@evangelistajohnfrancis5704]

Sa True

[@roboto12345]

Ya somos dos....viva Bolivia lol

[@youknow_nothing]

Argentinian here, i have the same thought on every video 😅

[@wickathou]

Bro yes!

[@untouchable360x]

"Keep your enemies closer." Whoever said this didn't have many enemies.

[@jackbale5846]

Stannis Baratheon ; )

[@brynjargroossgunnarsson7471]

My interpretation of this saying is that "keep your enemies closer" does not imply physically-close, but always in the front of your mind. To always try to understand what they want, what they are doing, and by knowing this be able to enact countermeasures

[@RAWFestival]

The enemy of my enemy is my friend - captain price

[@anibalmiranda2733]

​@@RAWFestivalno wonder they are being pounded and will always lose!!

[@anibalmiranda2733]

​@@brynjargroossgunnarsson7471well put but, there are people that can't put two and two together.

[@LloydMcElheny-d2w]

A free market economy triumphing over theocracies is not even slightly surprising.

[@smokeyhoodoo]

Israel is a theocracy, what are you talking about? Are you not familiar with the name?

[@rickeras]

Given what's happening to majority of the oil rich countries in middle east, i'd say the lack of oil is more a blessing than a curse.

[@h9hkk6155]

UAE is doing pretty good 💯

[@1990-w1l]

@@h9hkk6155 all fun game until dino juice dry up

[@Luredreier]

It's definitely not a easy beast to tame... We're struggling with getting over our oil extraction addiction here in Norway. We'll get there, but it's slow going as there's a lot of money involved...

[@rodrigojds]

@@h9hkk6155 for now. If they had been smart they would have done what Norway did with its oil money.

[@h9hkk6155]

@@rodrigojds they did better than Norway. Oil revenue is like 5% or smth in UAE, down from 95%, they have done it in less than 25 years. UAE is now a world leading business and finance hub, and a premium tourist attraction 🧲

[@Unknown_nobody-p7b]

“Not many people are buying missile defense systems” WHY AM I LAUGHING AT THIS SO HARD 😂😂

[@alfapaul5593]

You are laughing because of the deception of the video.

[@Unknown_nobody-p7b]

@@alfapaul5593 yeah fair enough

[@anitamurkes9511]

Now they are !

[@SRTKOVA]

Yah it’s true name me one country that has the iron dome ? Or the arrow ? He’s not talking about conventional systems he’s talking systems placed in civilians areas so missiles that are sent to specifically hit civilians are taken down.

[@SRTKOVA]

@@alfapaul5593yah ? Name me one country that has an iron dome and arrow system set up in civilians area to stop rockets set but terrorists into civilian spaces ?

[@Raika63]

EE videos are one of my favorite parts of the week. Also, my sympathy to whomever is going to be moderating these comments.

[@HannibalBarcaRTW]

Just wish he wouldn't add an extra syllable to final word of his every sentence

[@saajiddaya2152]

so far, not much going on. Pretty chill. There was one idiot trying to deny Moses ever existed and that the Israelites were ever slaves. The best reply so far was: "Oh, first Jesus didn't exists, now Moses? Who's next, Adolf Hitler, Albert Einstien?" It was beautiful.

[@MrLegendra]

Feel like he did a good job avoiding anything controversial except calling Hong Kong a country.

[@saajiddaya2152]

@@MrLegendra only Chinese shills care about that

[@howtoappearincompletely9739]

*whoever 😜

[@TheJosephPrice]

Because rather than funding terrorist organizations or oppressing women, they spent their time diversifying their economy, investing heavy in techs and startups and being creative with things like agriculture and water.

[@professorcurious6616]

thats the real answer compared to its neighbours.

[@kokegota1133]

while I agree its neighbours have nutjob cultures, let’s not overlook the blatant warcrimes that country has committed since it’s inception. the whole region is straight up just a burning dumpster fire

[@Caphamtha]

Or they funded terrorist organisations in their neighbouring countries 😂

[@brokenSnake]

Using tech from daddy USA and funding from the entirety of the west

[@moharshad6882]

😂, no buddy, it’s two things, firstly cause of enemies, they stayed united and the evil government everytime they wanted civilian support, they would somehow get a enemy to attack them, secondly cause of all the cash and investments the west does in Israel

[@HustenreiZxD]

Can you guys make the Economics Explained Leaderboard into a website or something? I would love to check it out in more detail without rewatching every video!

[@JNKprops]

I agree!!! Been actually curious if they have a summary video at least of the leaderboard, but a website with deets may be even better. ❤

[@roboto12345]

Good idea

[@rosanpaudel6330]

Me too

[@zhshsG7]

I agree, that would be interesting

[@drscopeify]

100%

[@sinistercrusader4981]

One thing about other countries trying to replicate Israels success is that simplying copying fiscal and monetary policies doesnt always produce the same results. Israel was able to pull it off because it has a lot of human capital as well as strong government institutions. A country like Pakistan with very low human capital and weak institutions would have a much more difficult time make those policies work.

[@ShubhamMishrabro]

​@@elibunches6044 us aid didn't helped Israel economy. Israel was badly managed till 1980s. Otherwise Egypt, Pakistan and many countries will have strong gdp cause of aid given by usa

[@burgundian-peanuts]

@@elibunches6044 US foreign aid to Israel is a drop in the bucket, less than 1% of Israel's GDP.

[@DavidCodyPeppers.]

Not to mention the United States paying for their military. Peace! \o/

[@DavidCodyPeppers.]

@@burgundian-peanuts 3 billion a year + loan guarantees. But if it is a 'drop in the bucket' I guess they no longer need it. Right? Peace! \o/

[@dl6860]

@@elibunches6044 economic aid to Israel is insignificant. you're speaking about military aid, which isn't given in cash. It's given to US companies. Either way, a lot less than Biden handed over to the Taliban and at least Israel is deserving. You clearly have no perspective.

[@banto1]

A few corrections. What finally got hyperinflation under control in Israel in the '80s was a strictly enforced price and wage freeze. The new currency was more of a psychological fix to get prices into single digits for a loaf of bread that people could relate to instead of the millions it cost before. Almost 40 years later and there are still a few products that are still under strict government price caps. While Israel did absorb around a million people from the former USSR, many of those people were elderly and they were a significant drain on the economy, and very few were actually engineers that could be quickly employed in the yet to emerge hi-tech sector. It's actually the second generation of these immigrants that went to Israeli schools and pursued STEM degrees that makes a big contribution to the current hi-tech scene. Israel's economy was also very lucky in that it didn't take too big a hit in 2008 and during COVID. Israel's lack of a significant local market is actually a blessing. This causes most tech startups to think globally from day-one.

[@gregmark1688]

I'm sure the $158 billion in welfare checks and charity aid the US has donated had little to do with it.

[@sarahrosen4985]

@@gregmark1688 US gives more foreign aid to Egypt. Where did that get them? Also, US foreign aid to Israel is basically vouchers to only buy US military equipment, pumping up US industry. But facts aren’t what concern you. You just really really hate that Israel exists.

[@shaylempert8500]

​@@gregmark1688 So what? The US also gave $130 Billion to Afghanistan and $80 Billion to Egypt, and what economic prosperity did that create? Furthermore, the aid is not actually given in money that goes into the economy but in vouchers for US weapon systems. Thismay affect the military significantly but it does not affect the economy. In actuality, most US states receive much more *actual spendable* money from the US and still their GDP per capita is lesser than that of Israel😮

[@aviweiner1614]

​@@shaylempert8500 It does affect the economy a little in that Israel doesn't need to spend as much on defence (though it still spends a lot)

[@creatorsremose]

@@aviweiner1614 In fairness, Israel necessarily has defence expenses that are reasonably higher than most countries because of its geopolitical situation. So in a way, it evens out.

[@forTehMemes]

That thumbnail goes hard. The United States of course helped with getting their economy off the ground. It’s crazy that Israel has one of the largest economies in the region despite everyone around them hating them. Working under pressure seems to help

[@gab882]

Have to look at things in perspective, lots of countries who have their backs against the wall scenarios like Israel, Singapore etc, tend to do well in spite of their limited resources because of having an existential crisis. Shame on large nations with lots of resources as they tend to take them for granted and neglect their most important resource, their people.

[@tenglim4406]

Yes. Instead, they blame the other people and things, ranging from colonialism to racism, rather than reflecting on it and/or learning from it. More importantly, they too, also will vote for the same party and/or policies again when they have a chance at it or at other places!?

[@gluzkin9317]

Yup pretty much explains most of Africa

[@gemmalee3032]

to stay in business, one has to keep moving, be alert

[@bobshagit-io8lq]

and if it werent for other nations constantly funneling money to this terrorist group they wouldnt have the money they have

[@blitzattack567]

@@tenglim4406Colonialism and racism lead to market inefficiency and poor resource allocation so what you spew is non sense.

[@zibbitybibbitybop]

One of the other very smart decisions the Israeli govt made was to institute programs in their high schools that allow talented students to do apprenticeships at various companies before they even finish school. This results in graduates with perfectly-tailored job skills and experience for the big value-add sectors, and those companies can just hire many of them straight away and get immediate productivity. I think we could desperately stand to implement this model here in the US instead of throwing everyone at college and plunging those kids into intractable student loan debt.

[@gregmark1688]

Maybe if we'd spent $158 billion on our education system, instead of donating it Israel, maybe we could have afforded that kind of system, too.

[@yossi1491]

@@gregmark1688 Uhmmm, probably not. Not only does public education spending in the U.S amount to $666.9 billion ANNUALLY, but of the $158 billion in aid you mentioned; only $34.4b has been economic aid(actual money) spread out over a period of 74 years… I’m not going to break it down mathematically because it would be unfair not to adjust for inflation, but even if we’re being generous, it only amounts to a fraction of a percent difference in “lost education spending”. None of this even matters because spending actually stops short of what the U.S(fed, state and local governments) budgets for.

[@gregmark1688]

@@yossi1491 fair point

[@raylevi5343]

Not going to work because "muh child labour" and "muh privilege" folks will get involved. Does the US citizenry have the mindset required?

[@jerodriguez74]

Germany has been doing that for years too, just not only for talented students but basically everybody.

[@ulrichbrodowsky5016]

I wonder where the international space station would be on the economics national leaderboard. Sure there is a lot speaking against the ISS, but it's GDP per capita should be downright astronomic!

[@john2335]

Also, for comparison the late russo/soviet Mir would be a nice addition, for reference. Unless the former inhabitants are members of the duma, I bet they at best own a 43m2 apartment in a nasty kruschevka and gdp per capita is at the levels of Ethiopia 🤣

[@marhabanet]

It gets 10 out of 10

[@howtoappearincompletely9739]

Pun intended?

[@ulrichbrodowsky5016]

@@howtoappearincompletely9739 of course

[@drfelren]

10 out of 10 for GDP per capita, but its growth prospects don't look great. There is a private company (I forget which one, as there are many aspiring to build space stations) that has a blueprint to attach their module to the ISS and then disconnect from it before the ISS mission terminates. This would in effect keep the spirit and some of the equipment from the ISS in orbit, however, the invasion of Ukraine has shortened the life of the ISS, and thus I am pessimistic that this concept will launch. I am super hyped for Gateway and the other potential space stations in the coming years and decades. As a big StarCraft fan, the namesake of Gateway makes me happy.

[@coachalexjara]

Great job, brother. Keep up the good work.

[@Sandel99456]

this video has no basis in reality but yeah

[@DrVictorVasconcelos]

I would also like to hear about Brazil's hyperinflation recovery, at some point. Just suggesting a topic.

[@Jururuca]

O plano real foi inspirado justamente neste plano israelense. Infelizmente, o FHC não conseguiu completar todo o plano.

[@renatofernandes7939]

The problem is that it was a solved problem, but it Just got back a few years ago. And right now it's actually an argument against this video, because even with The inflation controlled The country Still has one of The biggest real interest rates in the world, showing that an independent central Bank it's not always good.

[@DrVictorVasconcelos]

@@renatofernandes7939 What do you mean? Hyperinflation in the 80s was solved? Or are you suggesting that the more recent inflation (c. 2013) hikes were hyperinflation-which they weren't by any textbook definition I know. Regarding the independence of the central bank, I'm not sure there's a clear cut answer. I'm assuming you already know the cons, so let me argue the other side: It can be positively terrible for a country to have the entire monetary policy decided by whoever wins an election, regardless of how temporary or mistaken a given political "trend" is, especially given they will already be in control of fiscal policy. Turkey is a prime example of what happens when the central bank is not independent: the president lets inflation eat away at the economy and fires any economy minister who says he must hike interest rates.

[@crescentprincekronos2518]

​@@DrVictorVasconcelosthe pros are always hard to see. It's almost like one needs hindsight to realize what was good in certain ways.

[@fahadahmad444]

Palestine for the Palestinians. Israelis are illegal immigrants who must return to Europe

[@DesmondKarani]

Israel and Taiwan are very similar in a way most people would not understand (or try to ignore). Both countries were established by the very brightest individuals who moved from Russia and Europe (Israel) and the mainland China (Taiwan). Imagine having your top 1% moving away to another land and establishing it from scratch? They don't have to deal with the issue of forcing everyone to be aligned to one goal. They're very likely to be very responsible with their resources since everyone wants the best for their new country.

[@cheeseflavoredsoda3262]

Both established by the US to have control in the region*

[@osheridan]

​@@cheeseflavoredsoda3262Israel? Sure. Taiwan? Barely. The current Republic of China dates back to 1912, before the US could make that type of splash so far away

[@nikhilhembrom8952]

​@@cheeseflavoredsoda3262no Taiwan already existed as Japanese colony they took Chinese immigrants and settle them there plus Britain created Israel only usa helped them post WW2 with veto

[@danghoangluong2942]

@@osheridan Israel was created by British

[@tomaszpopawski4577]

Whitout US both would be poor like their neighbours

[@milesrout]

"Turkey, formerly Turkey" I laughed out loud.

[@lumkaze2000]

Should do a video explaining why surrounding economies are so rubbish😂

[@lawman3966]

Them spending their time killing each other over who's Sunni and Shiite could have something to do with it.

[@Mikkeyboyy]

@@lawman3966 more to it than that western capitalism influence

[@GH-xy4zz]

Human Capital matters very much. And for Human Capital, you need a culture that promotes hard work and smart work…

[@yodorob]

One more little but significant thing not mentioned in this video: Israel has been labelled the "Start-Up Nation" due to its technological and military expertise.

[@dangerousavocadoschannel4081]

Interesting video but where is chapter 4? 2:15 of the video they say they will discuss if the economic success story of Israel could be coming to an end, but then this question never comes up again!

[@Ataturkinator]

I think it was kind of made unnecessary by the entire remaining part of the video being how they're growing very well and building up very stable and sustainable industry. Probably just added in for viewer retention lol

[@eliavrad2845]

My guess is that they cut the part on the demographic shifts: While Israel has a sector of wealthy, well educated population, there are other sectors who are less wealth and even poor like the ultra-orthodox or Arabs, and nobody has any idea what to do about that, so it's not certain the success story will continue. The political situation which was bad in the 80's but looked to be getting better is about the same but looking to get worse, so confidence is an issue. It reminds me of a lot of the problems in California: The economy is much better in numbers than in person, and there's no real solution to any of the long-standing problems.

[@juliantucker807]

The current government is a big threat to Israel's economic future

[@lordoflamanchar]

yup... 🥳

[@ebglua6804]

Nice to finally see a video about Israel where the comments aren’t spamming “Free Palestine” and “From the river to the sea” or anything political.

[@longjidalu3845]

Me too!!

[@yitzchakmordechai]

It's because rational smart people are here.

[@engabdulahi2515]

Free Palestine 🇵🇸 🇵🇸🇵🇸🇵🇸🇵🇸🇵🇸

[@NoamTheGOAT50]

​@@engabdulahi2515 free Palestine from Hamas and Iran. עם ישראל חי וקיים לנצח נצחים!!!! ❤

[@YesmineMenyar]

Free Palestine ❤

[@robertetin1156]

I would be curious for your opinion on the book "Startup Nation", which about Israel's economic transformation from essentially a socialist state to a tech hub.

[@AnimatedStoriesWorldwide]

The only way to being a tech hub is through a socialist state, especially for new nations (I don't say this as a socialist, I don't lean left). The first generation arrives, mostly poor and uneducated so it needs free public services to guarantee the second gen can focus on studying manufacturing so that the third gen can shift to a service/STEM economy. Nobody ever arrived in a quasi blank place, and had kids that became engineers, while struggling to get running water.

[@robertetin1156]

@@AnimatedStoriesWorldwide I agree. But the fact is that plenty of countries start of socialist and are not able to transform themselves into economically powerful tech hubs the way israel has. Israel isn't the only country that has been able to do this, but the list is relatively small and israel has done very well even in comparison to other countries that have successfully transitioned from socialist to market economies. The book I mentioned provides one explanation for why israel has transitioned so spectacularly. I would be curious what EE thinks about that explanation.

[@fahadahmad444]

Palestine for the Palestinians. Israelis are illegal immigrants who must return to Europe

[@dawnfire82]

@@AnimatedStoriesWorldwide Really? Because that is, roughly, the history of the settling of the American west. Pioneers and settlers staking out homesteads in the hills, forests, prairies, mountains, and deserts of the expansive west, without power, running water, paved roads, or even governance. But they were literate, set up schools, and advanced themselves. No socialism in sight.

[@shainahum6717]

​@@dawnfire82actually the US had a history of socialism policies when you look back at it. for example giving land ownership to settlers in the west. also, the support given to children and students of the baby boomer generation after WW2. while USA isn't nor wasn't a socialist country, you can see several socialist policies in it that were an important boom in the economy. also, there is a difference because the USA took more then a century to become a major eorld player (with a huge territory and lots of citizens) compared to israel's 50 years to become a major high-tech competitor in the world, without the same amount of lands, people and recources that the USA had.

[@gabrieljoseph6310]

The IMF estimated Israel's GDP at US$564 billion and its GDP per capita at US$58,270 in 2023 (13th highest in the world), a figure comparable to other highly developed countries.

[@amitsunoko7270]

Yea U.S. money is liquid gold.

[@Extys]

@@amitsunoko7270 0.5% of their GDP is from the US.

[@etai993]

​@@amitsunoko7270 3.5 billion dollars are given to Israel in arms credit. Nothing of that is calculated in Israel's GDP. Stop the bulshit.

[@TrystanTyrell-dd1px]

$250b of that 500b is US aid oger 70 years

[@ElihuNavon]

@@TrystanTyrell-dd1px israel's gdp is 500b per year us gave less than 200b in 75 years thats around 2.5b per year that's 0.5%

[@motorvlog5952]

It would be interesting to also see a Gdp chart for every one of these countries split for agriculture, services, industry, ...

[@AnimatedStoriesWorldwide]

Wikipedia still exists as of today...

[@nadki8]

Israel is being encircled and very small country 😿 and tiny . 🙊 No oil is a blessing , for them. Limited resources, work hard and work smart.

[@SamAntonio-wj9fu]

Work hard means...ever since inventing usury (interest) for the first time in the history of the world and specializing in everything that is unjust, dishonest, corrupt, malice, unhealthy, unholy, foul, wicked, scandalous, obscene, dreadful etc. etc. etc

[@mdkddkkdkdkd4692]

Hey mate, I would love to see you re-rank Switzerland on the leaderboard after the Credit Suisse crisis.

[@AnimatedStoriesWorldwide]

(Implying a single bank failing can affect the economy of an entire nation...) The wealthiest company on earth is poorer than the poorest developed country, and that's with assets spread on all continent. The failure of CS will probably not even reflect in a percentage change of GDP growth for switzerland....

[@mdkddkkdkdkd4692]

@@AnimatedStoriesWorldwide thanks for your reply. However, take a moment to remember Lehman Brothers and how its debacle triggered the GFC? Now, the combined UBS is twice the size of the Swiss economy and hence too big to bail. The glorious Switzerland isn't rich enough to bail UBS and it's hypothetical failure will reek havoc across the global financial system.

[@joecurran2811]

​​@@mdkddkkdkdkd4692 Other countries might step in. Then again they might not.

[@fahadahmad444]

Palestine for the Palestinians. Israelis are illegal immigrants who must return to Europe

[@Gorjid19Venus]

At around 6:50 I think you made a mistake - the Israeli shekel replaced the Israeli pound (or Lira) one to one, not the new Israeli shekel.

[@gilliebersohn2109]

Wrong! The Lira (aka pound) was the first currencty, it was replaced in 1980 by the Shekel, 100:1 which in turn was replaced by the New Shekel 1,000:1.

[@Gorjid19Venus]

​@@gilliebersohn2109 yeah that's the point.... He's saying that the shekel replaced the new Israeli shekel in 1980 and that's wrong. The shekel replaced the Lira in 1980

[@mrinmoybanik5598]

I think small nations like Israel are in a much better position to manage their economies better than larger ones. Other than china their's hardly any other country of its size that could change it's economic trajectory by such margins.

[@shithalshetty9762]

India might

[@emmanuelezele7281]

why other than china ...japan is over 120m

[@shithalshetty9762]

@@emmanuelezele7281 but it's declining power

[@emmanuelezele7281]

@@shithalshetty9762 funny west propaganda

[@only_fair23]

​@@emmanuelezele7281Wait, why would that be West propaganda? Japan is one of the US' strongest allies. And it is declining.

[@GODBLESSYOU532]

Great video,informed.gbu🙏

[@zawadmuttaqi5597]

Hi economics explained! I have been watching your channel for a while now. You consistently make undoubtedly the best economics videos on KZbin. I greatly admire your style of explaining a country's economy. Can you please make a video about the economy of Bangladesh? The country has grown magnanimously in the past 30 years. I think it would be a great video

[@foreverskeptical1]

ohh yeah that would be interesting to see

[@MrLegendra]

You did a great job staying neutral and not saying anything controversial in this video! Except perhaps calling Hong Kong a country…some bots may get angry with that lol

[@gregmark1688]

What I love is how, in the 1930s, Time magazine did a great job of staying neutral and not saying anything controversial when they made Adolf Hitler their Man Of The Year. Sometimes not saying something controversial is the wrong thing to do, but hey, who cares about all that history stuff, amirite?

[@MrLegendra]

@@gregmark1688 Isreali people have a right to exist. Isreal has offered a two state solution multiole times but Palastineans want them wiped off the face of the earth. But you know...who cares about History?

[@marina12345678911000]

@@gregmark1688 Fascinated! Just learned: Over the years, Time Magazine has named a number of controversial figures, including dictators, murderers, and criminals, as their "Man of the Year" or "Person of the Year." Here are a few examples: Joseph Stalin: Time Magazine named Stalin "Man of the Year" twice, in 1939 and 1942, due to his leadership of the Soviet Union during World War II. Ayatollah Khomeini: In 1979, Time Magazine named Khomeini "Man of the Year" due to his role in the Iranian Revolution and the establishment of an Islamic republic in Iran. Deng Xiaoping: Time Magazine named Deng "Man of the Year" in 1979 due to his leadership in modernizing China's economy and opening it up to the world. Adolf Hitler: As previously mentioned, Time Magazine named Hitler "Man of the Year" in 1938. Nikita Khrushchev: In 1957, Time Magazine named Khrushchev "Man of the Year" due to his leadership of the Soviet Union during the Cold War.

[@marina12345678911000]

Vladimir Putin: Time Magazine named Putin "Person of the Year" in 2007 due to his increasing influence on world events, particularly his leadership of Russia. Bashar al-Assad: In 2011, Time Magazine named al-Assad as one of the runners-up for "Person of the Year" due to his leadership of Syria during the early stages of the Syrian Civil War.

[@only_fair23]

You could say that about Taiwan but Hong Kong isn't a country no matter how you cut it. It's not independent.

[@leandrochavez6480]

Can you make a video about Chile? You're the only guy in youtube who can do a reliable analysis of its economy without getting political about it.

[@Dorlan2001]

Chile should be an interesting one, and I look forward to it. Curious to see how it compares/contrast with Argentina

[@leandrochavez6480]

@@Dorlan2001 He already made a video about argentina but i think its the best example to compare in the region, specially in recent times.

[@awisin871]

They spent 5.1% of gdp on R&D which is highest in world.

[@kalomboC]

What role did/does US aid (biggest recipient) play in the Israeli economy? And is it viable without that aid?

[@australianjackaroo6660]

None, US aid Israel does not affect Israel's economy

[@kalomboC]

@@australianjackaroo6660 that's literally impossible

[@australianjackaroo6660]

@@a.wadderphiltyr1559 because the aid money does not enter Israel's economy

[@australianjackaroo6660]

@@kalomboC no it's not

[@Greyhound10075]

US aid amounts to $3.7bn while Israel’s economy produces $530bn in 2022. So US aid represents about 0.7% of Israeli GDP, hardly significant honestly! Moreover, the US aid doesn’t really enter Israeli GDP effectively, simply because US aid is conditioned to be spent for Israeli’s military ONLY and must be spent to support American industries ONLY. As an American myself, I consider our country’s support as important for our most trusted ally in the region. More, it is a huge return on investment for all the technologies US and Israel produced in cooperation these last few years.

[@m.heyatzadeh]

This is really informative. I really appreciate the amount of effort that's been put toward these videos.

[@fahadahmad444]

Palestine for the Palestinians. Israelis are illegal immigrants who must return to Europe

[@larry-2]

BRICS wants to build a new currency. It is also worth noting that gold has historically been used as a store of value and a means of exchange, and some countries still hold significant amounts of gold in their reserves. However, it is unclear how a new currency backed by gold would function in the current global financial system and whether it would gain widespread acceptance. Ultimately, any decision to create a new currency would be subiect to numerous economic, political, and logistical considerations.

[@kenthendrix.]

It's interesting to learn more about the discussions and proposals around BRICS nations and their potential use of gold. There are several reasons why people may choose to buy gold, including its historical use as a store of value and means of exchange, its potential as a hedge against inflation or currency devaluation, and its relative scarcity compared to other commodities. Additionally, gold can offer diversification benefits to investment portfolios, as it tends to have a low correlation with other asset classes like stocks and bonds. However, it's important to note that investing in gold carries risks and may not be suitable for evervone. and investors should carefully consider their investment objectives, risk tolerance, and financial situation before making any decisions.

[@christianaemilio1]

Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver is also a good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you. I work with COURTNEY HEATH WILLIAMS, a financial consultant regulated by the SEC, and started small, but eventually accumulated almost $1 million.

[@williamsdavis.]

@@christianaemilio1Please if you don’t mind, could you please share the contact information of your financial advisor, because I’m seeking for a more effective investment approach on my saving.

[@christianaemilio1]

His available on telegam with the username information below.

[@williamsdavis.]

@@christianaemilio1I appreciate you for sharing. Finding his handler was simple; he appears to be knowledgeable and adaptable. I drop him a message hoping he responds.

[@SolracNexus]

People keep talking about how much the US gives israel money, but not how much hamas uses money donated by other countries for military equipment - which was supposed to be used to improve social welfare and infrastructure...

[@Tamayo.Sama2023]

Because they are not giving up to take their land back?? If they gave up, for sure they'll improve their life

[@liamogorman3312]

You do realise gaza did have schools, hospitals ect. They had to spend money on military too seeing as their neighbour was given nukes and other weapons by America and other countries. Secondly if they did try build their economy by making a port or an airport it would be destroyed by the isrealis. You can't develop your economy and help your people when your neighbour is one of the largest military powers in the world and they refuse to accept you as a state

[@BushBushBushBush]

Was never their land in the first place. ​@@Tamayo.Sama2023

[@Tamayo.Sama2023]

@@BushBushBushBush you in denial, that land been changing rulers from bizantine, khalifah, ottomans, british, and zionist today. we dont know what the future will become :)

[@gtas321]

If Israel stops the occupation of the west bank and Gaza then Hamas wouldn't have ever even existed. Israel brought all the problems it faces onto itself.

[@mosesmm5473]

Love this vidoes as while they're no substitute for doing your own research, as an student that has an economics module, it does make it easier to understand, and just more enjoyable.

[@יאירבןשושן-ק4ל]

First, I want to thank you for your videos, I Watching them every week. As one who lives in Israel I Waited so long to watch your video about as, and it was worth it. Thank you so much.

[@barakdan1858]

Fantastic video, really enlightening, thank you!

[@fahadahmad444]

Palestine for the Palestinians. Israelis are illegal immigrants who must return to Europe

[@YudraKudra]

1:45 Todaaaaaaaaayeee🤣🤣🤣🤣 Aussie accent😅

[@davidtrak2679]

To be fair, there was never a real dollariation in Israel, meaning the Shekel was always used, even when inflation was high. It's true many citizens opted for Dollar CDs, but transacted with Shekels. Dollarization was suggested as a last resort for the economy, but never implemented eventually.

[@Giss.ivan1234]

In the 90s rent prices were listed in USD, the payment was done in NIS but the accirding to the change rate

[@davidtrak2679]

@@Giss.ivan1234 Even up until ~2008, housing prices were unofficially nominated in USD, it was just easier this way. But paid in shekels according to the rate, right. Since they've skyrocketed in 2008 and inflation has been tame, it's in shekels. Didn't know that about rent as well, thanks.

[@xx_gamer_xx8315]

This video looks fantastic! Better than earlier videos. Well done, editor!

[@JJs_playground]

Agreed, it looks a lot better.

[@fahadahmad444]

Palestine for the Palestinians. Israelis are illegal immigrants who must return to Europe

[@arielaw4]

Not related to this, but I would love to see a video on Non-Market housing

[@gantulgaganhuyag717]

Great bunch of people, innovative, resilient and humble. I have no doubt they will figure out a way to live in peace with their neighbors

[@speedypichu6833]

I am going to have the metaphorical comment fire extinguisher ready

[@MuhammadAhmedMubashir]

"world is against you" yes but america isn't against you.

[@seanthe100]

Exactly, Israel only needs one ally

[@michaelwebsternz]

Is EE going to do a video on the new RBA policy reform that prevents the board of the RBA from setting interest rates? That will be a very interesting change. Seems like a big backwards step.

[@michaeljamescollins6800]

the new board is composed of the governer of the RBA. So the governor and the RBA still set rates. Its just that the old board was full of 'business' people who had no ecenomics experience. The new board will be composed of economics and finance experts

[@michaelwebsternz]

@@michaeljamescollins6800 To say business people don't have economics experience is clearly wrong. They are often the best and most connected people to the real economy. Doing everything from theory often causes problems with unintended consequences. They should simply have admitted they had the wrong composition of the board and made some changes. The headlines came across poorly and were quite misleading.

[@rossthompson7956]

They make whatever is given to them better.

[@Mikkeyboyy]

whatever is taken

[@bensnumber1fan708]

Amazing video, keep em coming

[@Ea-pb2tu]

Smart to not show the map in the beginning

[@marhabanet]

Would have been greatly controversial

[@rafaelacosta5724]

This channel leans to PC. That's why it's left-leaning biases.

[@jingus3]

Been waiting 2 years for this

[@philipwatersdeaf]

What about the military? It would have made a huge difference to the economy right?

[@shreyanshu9785]

"Not too many people are buying missile defense system" this says a lot about society.

[@FlorianRösch-t8s]

WE live in a society 😮

[@Connor-vj7vf]

Good video but does skip the recent political upsets and demographic shifts in the country

[@Tpmc9fq]

True. But as an Israeli anything that will be said will be a big guess. We cannot really predict what's gonna happen with the demographics. The judicial reform the government is trying to pass is actually predictable.. They(the government) will fail. Even if they manage to pass some of it without a consensus the Supreme Court will simply cancel it.. They are also down by a lot in every single poll

[@intifadayuri]

Because saying Israel is an apartheid genocidal regime is kinds bad for yt monetizationn

[@MateoMPM]

@@intifadayuri God bless Israel 🇮🇱 " Genocidal she says 😂"

[@chrisdickens4268]

Kinda been born out by the facts now though hasn’t it, good that you find it so funny, when it comes to you I’m sure you’ll use the same emojis

[@salmanb2599]

Where can I find the national leaderboard? Is there a website or anything?

[@sirsurnamethefirstofhisnam7986]

It’s his own made up personal list on this KZbin page not on a website

[@johnadams254]

God is undoubtedly protecting and blessing Israel. His chosen people. They are hardworking and family oriented. So many people are jealous of them. Praying for the Peace of Jerusalem ✡️ 🇮🇱 🙏

[@ayandasigxashe7198]

Brilliant, informative interview! Always good to listen to the veterans of the field, Thanks

[@vap72a25]

Your videos are always great, but I would like to be able to visualize the leaders board for a little longer

[@talkinsense9115]

Simple! One followed Academic Path to Development One followed Satanic Path to Destruction

[@יהודהבןאלי]

Very good video. The hyperinflation was related olso to the big banking froud in those years.

[@andreisamarin3517]

Amazing content as always! Would be very cool to see an update on Germany and see it placed on a leader board 😅

[@fahadahmad444]

Palestine for the Palestinians. Israelis are illegal immigrants who must return to Europe

[@hernaniCH]

Did I miss chapter 4? Was actually looking forward to hearing thoughts on if her economic success is starting to come to an end.

[@drscopeify]

Yeah I noticed that was missing but the thing is western countries get some upheaval from time to time here in the USA every time there is a deep recession stuff goes crazy, in 2008 we had Occupy Wallstreet then in COVID we had Black lives matter type activity and Jan 6 issues but things always go back to normal and I would imagine the same in Israel too also France as well. Europe had massive riots in Greece, in France and other countries over the last 10 years but western democracies always have a way of life returning to normality. I guess it just shows how stable the world is overall. Also China had protests recently with the lockdowns and they are back to normal now too, so it seems anyway.

[@fahadahmad444]

Palestine for the Palestinians. Israelis are illegal immigrants who must return to Europe

[@ryandonovan5205]

Levi Eshcol that's why. Dedicated everything to building Israel's economy and doing everything he could to make peace

[@eranjin]

seeing some nice representation online makes my israeli brain excited like a baby

[@chikrumba]

It’s incorrect question. Why other countries surrounded Israel are so poor? Why billions of unrwa money spent to terror? Why Gaza city is not new AbuDhabi or Sharm El Sheikh?

[@emiledin2183]

Don't ask such questions, people don't want to hear this.

[@TheBadai]

When the philosopher is pointing at the moon, people stare at the moon. You stare at the finger. Darkness is absence of light. Israeli neighbors are holes of darkness and their leaders will look at Israel as their source of all problems, instead of building a bridge of peace.

[@אנליטיכאן]

The momentum of god is with Israel

[@Mikkeyboyy]

only if covenant is kept

[@rebecca_stone]

The flourishing of Israel due to innovative approaches just goes to show what's possible when a country's leaders think further ahead than winning their next term / election. I despair at the short-sightedness of Australia which is headed for a rude awakening within the next decade. Brains and brawn, that's the Israeli approach.

[@MadArtillery]

This was an incredibly enlightening video. I had always lumped Israel in with the rest of the middle east but it's highly advanced industries are intriguing

[@fahadahmad444]

Palestine for the Palestinians. Israelis are illegal immigrants who must return to Europe

[@udishomer5852]

Israel just happens to be located in the Middle East. Its economy is highly advanced and the population highly educated and rich (about the same level as France or Germany).

[@brittennz]

Thanks a lot for answering my request and reviewing Israel economy. The timing could not be more interesting as i am currently in Australia

[@kartikeydwivedi4774]

A very well explained video about Isreal and how it shaped it's economy!!

[@fahadahmad444]

Palestine for the Palestinians. Israelis are illegal immigrants who must return to Europe

[@venganzamujer354]

Great info thanks

[@TheLigthbringer]

The way this guy says todaaaay 😂😂😂

[@chikabiche7192]

Lol 😂

[@xyz-uw3ps]

Good video, although it mixed up the Lira with the New Israeli Shekel at some point. More significantly, everything discussed is correct up until the end of 2022 more or less. This year, stability and confidence were badly hit, with mass demonstrations and credit rating downgrade warnings, due to the new government's attempt to capture the judiciary.

[@liorajacob8094]

Very scary times here, that's for sure....

[@Libertarian1111]

All they want to do is bring the judiciary in line with that of the majority of Western countries.

[@AduckButSpain]

Not to mention, they literally accused the Bank of Israel governor of raising interest rates. The most important factor for a successful economy is the independence of that bank! They are inciting against Israel's economy just to have an excuse to look good in the eyes of their blind voters. Like they always do, carelessly. (And I can't stress that enough how much carelessly.)

[@harisadu8998]

I think it's an overreaction. Investors won't care about that much. That's more of a local politics problem.

[@komodoroy]

They focused on progress , while others focused on terrorism

[@astamano1274]

Indeed

[@alicethegreat3742]

Amen

[@OmarOsman98]

No, they got US military aid and private investment. Israel literally cannot survive on its own

[@Fundamental_Islam.]

Epstein was the peak of progress 🙏

[@retrogamedreamer8761]

Quite simple: they’re 100x smarter.

[@trolololololll]

"a little bit of inflation is good". Ok, keep your inflation and i keep my money

[@batrachian149]

t. economics illiterate

[@Jojo-bm4tb]

if you're too successful in the middle of poor countries, everybody's hating on you.

[@pantethine66]

Israel is hated for how it treats certain religious and ethnic groups in the state of Israel.

[@יובלטאובר]

Yeah, it has the oddisity​@@pantethine66 of allowing freedom of religion, and extremely equal treatment for all it's citizens compared to it's neighbors. How are minorities and political oppositions are doing in Syrian, Lebanon, Egypt and the Golf states?

[@lejs1974]

​@@יובלטאובר freedom of religion is what you call systematic murder? Man you have been called out by south Africa to be an apartheid state, don't give me that bullshit

[@second5992]

why last syllable always gets stretched and goes up? 😂😂

[@profilepicture828]

Australian dialect

[@溝尻マリオ]

Make a video on Brazil hyperinflation in 1990s

[@SlowPeace25]

I'll never understand how the Arab world with nearly limitless money didn't build up a joint military superpower. Baffling.

[@refiperetz8542]

In one word culture.

[@imisstoronto3121]

They thought Egypt back in 67 was the most powerful Arab nation.

[@QUINTUSMAXIMUS]

Limitless money? Not really. While the GDP of Saudi is somewhat more than double than Israel's, most of the Arab world is quite poor. Egypt has a lower GDP than Israel and has 100 million. Also Israel gets billions in aid. The Arab world never had a joint army except under empires anyway. Also Israel is a military dependent of the US.

[@SlowPeace25]

Oil, dude. Oil and gas...unlimited money ​@@QUINTUSMAXIMUS

[@papi2011]

If they even tried to build a military superpower, the US would invade them the next day.

[@Reynaldo-c5p]

No matter what people say , He who keeps Israel will never slumber nor sleep period. All Glory to Yaweh.

[@NormanF62]

In the 1980s, Israel was the DDR of the Middle East: a country with a highlly centralised socialist economy, burdened by huge inefficiencies, a government living beyond its means and a place no one wanted to do business with, making it a high risk low reward country. The economic reforms turned the dismal picture around: shackles removed from the market, government expenses being drastically reduced and taking advantage of its human talent to establish for investors a low risk, high reward country. Israel has a First World economy on par with Western Europe. Its success shows becoming a leading industrial and high tech power can happen with a lot of hard work and maintaining economic and social stability. Israel’s lessons show how a country can create a secure future for itself.

[@xJoeWebster]

the title should be " How To Get Rich When The World Except USA Is Against You

[@Fayssal207]

That's even more impressive 😊

[@ericclark133]

What isn’t mentioned here is that the founders of Israel were strong believers in socialism. Most followed of that movement (I’m not using the word since it is now such a loaded word) were also big time socialists, as was the case with many 19th century intellectuals. They did their darnedest to implement it in the new state. It was when a new generation came into power that they could try these things mentioned here. Yes, the government loaned out money for these ventures, but they were loans, not outright grants. Part of the formula is that Israel’s key demographic has a production focus, not a consumption focus. This is shared with their brethren in the US - despite their otherwise general strong support for economically interventionist policies. Its the same value west found in other very prosperous regions that are resource poor - like Switzerland, Japan, and Scandinavia (yes Norway has immense resources, but it became prosperous before they were discovered due to these values).

[@sher8133]

Israelis are blessed with a brilliant mind to create and innovate. Thus, a light unto the world.

[@pablolynch1152]

Thank you!!!

[@yannickhansen9362]

Great video again, I really enjoy your analysis of countries and would love to see more countries but especially I’d enjoy a new video about Germany since the last one was made before Covid and the Russian Invasion and didn’t yet include your ranking. Also it was more of a historical analysis of Germany and I’d love to hear your analysis on the current state of the economy with high energy prices due to a previous dependency on Russian gas, the fall away of nuclear energy and the general green transition goal of climate neutrality in 2045. Germany is heavily reliant on fossil fuels for its car manufacturing and heavy industry but is adapting by electrifying processes and starting to use hydrogen. I’d guess this would be a very interesting topic. Thanks and keep up the great work 👍🏼

[@danaishappy]

I'll tell you what our secret sauce is: living in such a hostile neighborhood forces you to get creative and innovative. Palestinians channel this to being professional victims, we channel it to success, making this place bloom despite the enormous challenges we face. Also IDF is a place where great partnerships are formed, we are brothers in arms and in business.

[@m_dawood]

I share some of your views but usually a place in a hostile neighborhood shrivels unless backed up by outside power. Israel is the biggest recipient of aid. And Israelis used to be trained in Europe and USA before returning to put their knowledge to good use for their people. In this case, tge hostile neighborhood becomes a a factor for driving forward. I too wish Egypt would watch and learn since we're also surrounded by hostile nations 😉

[@theorderofthepurplephoenix3321]

Comments on this one are gonna be spicy

[@bmc868]

Israel has a strong high tech industry.

[@heyjoe9267]

A well crafted and entertaining video that was quite interesting and it didn’t pummel me with woke leftwing politics….I’m hooked on EE!

[@chukatuk]

Wohoo! I wanted you to review my country so much! Thank you ❤

[@sarahrosen4985]

Yes, but did we also want the trolls and ‘River to the sea’ brain dead zombies swarming like the vermin they are?

[@liranzaidman1610]

Finally, Israel ❤❤❤❤

[@amgozo2007]

And why are they enemies, everyone around it? That’s a question you need to think about

[@neilritson7445]

You need to think, or maybe read something.

[@miketackabery7521]

Needs to get out of his echo chamber and actually HEAR the things he doesn't want to hear.

[@amgozo2007]

@@neilritson7445 i read everything, try me !

[@amgozo2007]

@@miketackabery7521 this is about me or him? I just asked a question the Israelis don’t want to face

[@ZoharHayun]

I'm surprised there still so little free air comments

[@yotamCook]

Hey am one of those 9.4 million 🎉