“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

Жыл бұрын

😂😂😂

@mensrea1251

Жыл бұрын

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

Жыл бұрын

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

@freddy4603

Жыл бұрын

In a way, he dodged a bullet

@CornishCreamtea07

Жыл бұрын

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

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

Жыл бұрын

Jajajajajaj y como uno argentino también!

@evangelistajohnfrancis5704

Жыл бұрын

Sa True

@roboto12345

Жыл бұрын

Ya somos dos....viva Bolivia lol

@youknow_nothing

Жыл бұрын

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

@wickathou

Жыл бұрын

Bro yes!

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

10 ай бұрын

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

@osheridan

10 ай бұрын

​@@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

8 ай бұрын

​@@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

6 ай бұрын

@@osheridan Israel was created by British

@tomaszpopawski4577

5 ай бұрын

Whitout US both would be poor like their neighbours

It’s impressive what a culture that values intelligence and a strong work ethic can do for an economy.

@eljangoolak

Жыл бұрын

We have that culture in Iran but also one of the highest brain drains in the world. Government is the final deciding factor

@georgebruv3955

Жыл бұрын

Yea plus apartheid and literally genociding the native people

@ashkanarzani3856

Жыл бұрын

@@eljangoolak Our situation is totally different as we have a theocracy and a corrupt government as well as no foreign investments bc of sanctions.

@eljangoolak

Жыл бұрын

@@ashkanarzani3856 so basically what i said, government is what caused all that pain for us

@Moonuuu

Жыл бұрын

​@@eljangoolak You support radical Islamist

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.

@hhkk6155

Жыл бұрын

UAE is doing pretty good 💯

@user-kx4xs2xd3k

Жыл бұрын

@@hhkk6155 all fun game until dino juice dry up

@Luredreier

Жыл бұрын

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

Жыл бұрын

@@hhkk6155 for now. If they had been smart they would have done what Norway did with its oil money.

@hhkk6155

Жыл бұрын

@@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 🧲

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

Жыл бұрын

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

Жыл бұрын

Good idea

@rosanpaudel6330

Жыл бұрын

Me too

@zhshsG7

Жыл бұрын

I agree, that would be interesting

@drscopeify

Жыл бұрын

100%

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

7 ай бұрын

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

7 ай бұрын

Yup pretty much explains most of Africa

@gemmalee3032

5 ай бұрын

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

@bobshagit-io8lq

5 ай бұрын

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

@blitzattack567

3 ай бұрын

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

Great job, brother. Keep up the good work.

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

@HannibalBarcaRTW

Жыл бұрын

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

@saajiddaya2152

Жыл бұрын

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

Жыл бұрын

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

@saajiddaya2152

Жыл бұрын

@@MrLegendra only Chinese shills care about that

@howtoappearincompletely9739

Жыл бұрын

*whoever 😜

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

Жыл бұрын

​@@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

@Unknown-jt1jo

Жыл бұрын

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

@DavidCodyPeppers.

Жыл бұрын

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

@DavidCodyPeppers.

Жыл бұрын

@@Unknown-jt1jo 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

Жыл бұрын

@@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.

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.

You’re telling me that an ethnicity that comprises 40% of Nobel laureates in science managed to build a rich country? I am shocked!

@user-yy2fl2yf5m

4 ай бұрын

Same organization that gave Obama a Peace Prize for starting three wars on behalf of Israel. Israel's wealth has come from looting FSU and America. Israel not only rigs Wall Street but has also collected Trillions from U.S. military industrial complex after endless 9/11 wars. See: Dov Zakheim

@BarkWhoGoesThere

3 ай бұрын

Do you not take billions of dollars of aid from my country (usa)/ our paychecks? Do we not provide universal Healthcare for your country while our love ones have to pay thousands a year to keep alive? Honestly sir can your country still thrive without a single dime I'm sorry to say comes out of our work checks?

@niranjanjpillaicalculus

3 ай бұрын

​@@BarkWhoGoesThereThat is actually a muth, Israel pays for its own health care, but the US does sent money for military though

@BarkWhoGoesThere

3 ай бұрын

@@niranjanjpillaicalculus I mean no disrespect just searching for truth can you elaborate on how isreal provides universal health care? I've searched for answers and gotten surprisingly no were searching online . In fact how isreal economy thrives other than aid from other countries is hard to find . It's a real mystery to me.

@niranjanjpillaicalculus

3 ай бұрын

@@BarkWhoGoesThere Technology dude. They have really advanced technologies in irrigation, salt water purification etc. They provide universal health are by taxes I think.

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

Жыл бұрын

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

@sarahrosen4985

Жыл бұрын

@@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

Жыл бұрын

​@@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

Жыл бұрын

​@@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

Жыл бұрын

@@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.

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

Жыл бұрын

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

Жыл бұрын

@@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

Жыл бұрын

@@yossi1491 fair point

@raylevi5343

10 ай бұрын

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

@jerodriguez74

7 ай бұрын

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

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

9 ай бұрын

Yea U.S. money is liquid gold.

@Extys

9 ай бұрын

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

@etai993

9 ай бұрын

​@@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

7 ай бұрын

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

@ElihuNavon

7 ай бұрын

@@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%

Great video,informed.gbu🙏

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

@Xandao_O_Imperador_de_Banania

Жыл бұрын

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

@renatofernandes7939

Жыл бұрын

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.

@dr.victorvs

Жыл бұрын

@@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

Жыл бұрын

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

@fahadahmad444

Жыл бұрын

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

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

Жыл бұрын

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

Жыл бұрын

It gets 10 out of 10

@howtoappearincompletely9739

Жыл бұрын

Pun intended?

@ulrichbrodowsky5016

Жыл бұрын

@@howtoappearincompletely9739 of course

@drfelren

Жыл бұрын

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.

Fantastic video, really enlightening, thank you!

@fahadahmad444

Жыл бұрын

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

Great info thanks

Israeli Economics MA student here, most of the stuff said in the video is great and spot on! Israel's strength is its top-of-the-line fiscal and monetary policy. Despite this, there is a huge issue in Israel that has been growing in the recent years and it needs to be addressed - the ever growing disparity in labor productivity in the country. The burden on productivity is actually growing on a smaller percentage of the population - because a fair amount of the economic growth is due to population growth in less productive demographics (specifically Haredi populations who do mostly do not take part in highly industrialized sectors and do not partake in investments in human capital). So these very productive sectors, who are mostly characterized by high export rates do not see the economic benefits of the population growth. For more information I would highly recommend to read works by Prof. Moshe Hazan and Prof. Joseph Zeira

@oshke5225

Жыл бұрын

Yep, pretty surprised they did not mention that at all

@dylanwebb2

Жыл бұрын

It also glosses over the massive foreign aid in the past does it not? Or did I miss it?

@vorong2ru

Жыл бұрын

​@@dylanwebb2 that's foreign aid was pre new sheckel anyway

@lloydgush

Жыл бұрын

Just do new haredi.

@lloydgush

Жыл бұрын

​@@dylanwebb2 the "aid" is military loans. It actually makes a lot of interest for the US, which is meaningless because Israel is a fraction of the US.

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

Жыл бұрын

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

Жыл бұрын

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

Жыл бұрын

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

@lordoflamanchar

Жыл бұрын

yup... 🥳

They get annual funding from America and the west...a lot of funding from other countries tax revenue...

israel actually developed its jewelry industry due to its deep alliance with apartheid south africa which was the world's largest producer of gold and diamonds

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

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

@AnimatedStoriesWorldwide

Жыл бұрын

Wikipedia still exists as of today...

I wouldn't even be sure Israel is doing so good DESPITE it's political situation. It could just as well be BECAUSE they have to be careful at every step, stay alert, can't afford to doze off in a corrupt swamp and have to maintain an amazing discipline to maintain their stand. It's not like being unsuccessful or even mediocre is an option. It's be successful or get overrun by your neighbours.

@miaya3898

Жыл бұрын

Israel wasn't actually invincible in the 6 day war. The Syrian Army was giving them a good whooping. Only for the UN to negotiate a ceasefire. Syrians troops learned of the order to stand down from radio broadcasts. Guess who was the defense minister of Syria at that time?

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.

I was waiting for this for so long!!

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

@AnimatedStoriesWorldwide

Жыл бұрын

(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

Жыл бұрын

@@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

Жыл бұрын

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

@fahadahmad444

Жыл бұрын

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

Great video!!

Always interesting, thank you.

This is not about oil or no oil. This is about culture. If books and reading was part of arabic countries dna (not just a privelege) - we all would already be happily living in a worldwide khalifat

@Artistofun

Жыл бұрын

Quite opposite, oil gives you illusion of wealth and power, and more huge reasons for corruption and wars as you sea now in Israel around gas.

Amazing video, keep em coming

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.

Жыл бұрын

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

Жыл бұрын

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.

Жыл бұрын

@@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

Жыл бұрын

His available on telegam with the username information below.

@williamsdavis.

Жыл бұрын

@@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.

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

@fahadahmad444

Жыл бұрын

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

Man as an Israeli who watches your videos regularly, I've been waiting for this video for a very long time. Now I get it just in time for Israel's independence day. I'm glad to say the video didn't disappoint. Great job!

@xAnonymousComedia

Жыл бұрын

Israel's colonization day

@dolevlitvin8904

Жыл бұрын

Same here (-:

@aizenmd5705

Жыл бұрын

Same

@MrGenoHydra

Жыл бұрын

אתה לא היחיד שרואה את הסרטונים שלו באופן קבוע. And i hope the current govt won't muck it up too much because of their hardcore populism

@RedPhoenix550

Жыл бұрын

@@tomertzaig2627 I am a big supporter of the elected government and I wish the personal vendetta against Netanyahu would cease.

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

@alfapaul5593

4 ай бұрын

You are laughing because of the deception of the video.

@U.K.N

4 ай бұрын

@@alfapaul5593 yeah fair enough

@anitamurkes9511

2 ай бұрын

Now they are !

Very sentimental Video

Hi economics explained! I have been watching your channel for a while now. You consistently make undoubtedly the best economics videos on KZread. 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

Жыл бұрын

ohh yeah that would be interesting to see

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

@fahadahmad444

Жыл бұрын

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

1:45 Todaaaaaaaaayeee🤣🤣🤣🤣 Aussie accent😅

God bless Israel

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

@user-oi2jx4bx8z

3 ай бұрын

WE live in a society 😮

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 👍🏼

Because they are smart and are not lazy

@gpl992

2 ай бұрын

The two Opposites of what Anti Semites tend to be:Lazy and Stupid.Just like the SJWs.

Interesting historical perspective. I believe the effect of gas production has been very modest. The economy has been very succesful for quite some time even before gas started flowing. What is significant is the substantial scope to further increase gdp given the population growth rates and the growing numbers of women, ultra orthodox and arabs into the economy

I’ve been waiting for this video for years, thank you so much! A few things that are worth to mention: Israel has a very impressive agriculture industry, leaning on innovative farming techniques and water purification methods that were locally developed. The produce, wine, olive oil, and other products here are considered to be top tier, however Bering that labour is expensive in Israel the products are not extremely competitive in the global, or even local markets. The export of many high tech companies, and military equipment is also a main source of foreign reserves, and that has been a huge help for not only stabilising the shekel, but making it into a strong currency that allows for easy imports, and gives our population the opportunity to travel the world cheaply.

@gregmark1688

Жыл бұрын

Do you suppose the success of their agriculture relative to their neighbors has anything to do with the fact that they illegally invaded and annexed the primary water sources in the region with their US-supplied tanks and guns? Nah, probably just a coincidence.

@22KIzo

Жыл бұрын

@@thotslayer9914 אכן. כתבה שטחית. עד לפני חמש עשרה-עשרים שנה היה יותר זול כאן ורוב האזרחים היו יכולים לקנות דירה בשכונה טובה או לשכור דירה באזור ת"א-רמת גן

@fahadahmad444

Жыл бұрын

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

@stupidnumber23

Жыл бұрын

רק מראה שgdp per capita הוא נתון שאמנם יכול להצביע על דברים מסויימים אבל מעלים עין מדברים אחרים. יוקר המחיה בישראל משוגע והכסף מתחלק בחוסר שיוויון משווע. אני עזבתי את הארץ, בן 31 ועם שני דירות. יכלתי רק לחלום על זה בארץ.

@AtidAPT

7 ай бұрын

you have forgotten to mention USA. WIthout USA , nothing would have been achieved in israel. USA is the sole reason why israel has achieved all the advanced technology and for israeli poeple can travel the world cheaply.

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

Small but fascinating ❤

They make whatever is given to them better.

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

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

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

A very clever population. I love that.

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

10 ай бұрын

India might

@emmanuelezele7281

9 ай бұрын

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

@shithalshetty9762

9 ай бұрын

@@emmanuelezele7281 but it's declining power

@emmanuelezele7281

9 ай бұрын

@@shithalshetty9762 funny west propaganda

@only_fair23

9 ай бұрын

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

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

@JJs_playground

Жыл бұрын

Agreed, it looks a lot better.

@fahadahmad444

Жыл бұрын

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

Theft.

Very impressive

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

Жыл бұрын

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

Жыл бұрын

@@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

Жыл бұрын

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

@dawnfire82

Жыл бұрын

@@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

8 ай бұрын

​@@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.

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

Жыл бұрын

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

Жыл бұрын

@@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.

The way this guy says todaaaay 😂😂😂

@chikabiche7192

Ай бұрын

Lol 😂

Good explained

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

@YG-mc9fq

Жыл бұрын

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

@Proletariat-intifada

Жыл бұрын

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

@MateoMPM

Жыл бұрын

@@Proletariat-intifada God bless Israel 🇮🇱 " Genocidal she says 😂"

Been waiting 2 years for this

Israel is a God chosen race and his blessing is with them. No matter which countries they settle they will still succeed because God is with them. Christians know that very well and respect them because it is their God that we believe and their scripture that we use. Christians and Israelites have a strong bond and cannot be separated by any reason.

American taxes

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

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

Жыл бұрын

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

@leandrochavez6480

Жыл бұрын

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

Billions from US taxpayers

I really liked how you recognized Hong Kong. Good job

Hi EE, Been huge fan of your videos for years now. There is a little problem in this video.....where is Chapter 4 stated @2:14 of the video? Also for Chapter 3 question, I wasn't able to get any direct answers from the video. While watching, I was thinking maybe Turkey could replicate as it does have foundations needed like educated ppl etc....that's when I also realized there was no direct answer for Question 3 given either. Maybe make this 2 part video to address those.

Thanks for featuring israel EE!! Love your videos, and glad to see your analysis of us 😊 Points you conveyed accurately: - the highly educated population, skilled migration and tech boom are spot on - the recovery from near economic collapse was spot on, and truly remarkable compared to other countries facing such issues Some minor pointers: - the discovery of natural resources happened around 2007, so the skilled migration boom and tourism were big way beforehand since the early 1990s - although we're good at semiconductors and other manufacturing, software has become huge in recent years. - israel does struggle with very very high cost of living - arguably, the reason tech boomed is because of very complicated bureaucracy in every other sector. The government didn't help that much, it mostly did not interrupt!

@michaelali4488

Жыл бұрын

I’ve noticed that Israel seemingly has a lot of health/medtech companies. Curious to hear what you think is driving that

@Ynhockey

Жыл бұрын

​@@michaelali4488 One of the reasons is that Israel has a hybrid healthcare system, where it's mostly public, but private enough that doctors are encouraged to do/publish their own research. Moreover, a huge percentage of Israeli doctors studied abroad, so the local med schools have absolutely insane requirements, i.e. locally trained doctors are only the cream of he crop. Finally, the government invests quite a bit in medical research, and has removed many regulations, so Israel has relatively relaxed medical trial and data collection/sharing regulations. This drives medical research automatically, because health data analysis is much easier than, say, drug development.

@henrylam92

Жыл бұрын

You forgot to mention that people who join the military to learn about cybersecurity will often times land a job after done serving

@osabros

Жыл бұрын

@@michaelali4488 @Ynhockey summarized it well, I'll emphasize the issue of data availability The Israeli healthcare system is based on "vouchers" - different healthcare providers convince citizens to join them, but instead of being paid by the citizens they get paid by the government This creates incentives for providers to give the best possible service at the lowest cost, so they get as many citizens / revenue as possible. In order to make it easy for citizens to switch providers, there is a centralized and anonymized database with all the medical records of all citizens. This makes medical research and development incredibly easy - it's so much easier to track the efficacy of existing treatments and to suggest new ones when companies can see the real world health status of millions of people. It's also one of the reasons we got Pfizer vaccines early - we helped Pfizer prove the vaccine's effectiveness on an entire country rather than a relatively small control group. The voucher system is a great way to allocate government resources in a way that incentivizes the common good - let's hope we see more examples of this in all countries

@Libertarian1111

Жыл бұрын

As someone who lives in Israel, I completely agree with you. I've been making the same arguments as you for a long time: the only way to make money in Israel is in high tech, which benefits from massive tax breaks and subsidies. While I am pleased that the technology sector is thriving, I believe the government should work to extend these tax breaks to all businesses by lowering corporate tax rates, simplifying taxes, and reducing bureaucracy.

Why is Israel the number recipient in foriegn aid from the U.S. ? Let’s not forget that

@matts6818

4 ай бұрын

it’s expensive maintaining a defence system as large as the iron dome, go figure. when you have people launching thousands of rockets into your country, that generally costs a lot to maintain

@OmarOsman98

13 күн бұрын

Israel would go bankrupt if left to pay for military expenses alone.

Iaraelis r hella smart and its do or die in MENA.

Very interesting video

Smart to not show the map in the beginning

@marhabanet

Жыл бұрын

Would have been greatly controversial

@rafaelacosta5724

Жыл бұрын

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

LOVE AND RESPECT TO ISRAELI BROTHERS AND SISTERS FROM INDIA 🧡🧡🧡🧡🧡🧡🧡🧡🧡🧡🧡🧡🧡🧡🧡🧡🧡🧡🧡🧡🧡🧡🧡

Israel is rich because it is blessed by God.

@alt1f4

Ай бұрын

And the us

@OmarOsman98

13 күн бұрын

I disagree with the religious assertion. The US literally finances its military. Without our military aid to Israel, they would be a poor country suffering from inflation and would barely exist

The answer is education, entreprenership culture, great community support, last but not least AMERICA

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.

I love how much I can learn from your videos... especially when you have little snippets like "turkey, formerly turkey"..... which at first made no sense, until a bit of research led me to discover that the name was officially changed from Turkey to Türkiye last year.

If they are so rich why are they getting Billions from US taxpayers every year?

4:29 "...Turkey, formally Turkey..." 😂😂😂😂 I get it, but still...

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

Жыл бұрын

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

Жыл бұрын

@@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

Жыл бұрын

@@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

Жыл бұрын

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

Жыл бұрын

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

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

Жыл бұрын

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

Жыл бұрын

​@@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

Harel is an insurance company, and Bank Hapoalim is, well, a bank. not exactly industries, let alone high tech

I love how all the people who think they know better can't formulate any arguments beyond "money from the US." I'm not saying there isn't a case to be made, but if you think you can boil it down to a couple of words, you just don't have a clue how anything works.

@OMGGaya

7 ай бұрын

thank you!!

@simko8665

7 ай бұрын

That's right.

@ayoubalrfadey3031

7 ай бұрын

Sometimes the truth lies in just few words, money from US is one of those

@simko8665

7 ай бұрын

@@ayoubalrfadey3031 You probably will laugh to this, but In the bottom line, The US owns Israel much more than their aid to Israel. I can prove it. You yourself can do it by reading the US Foreign affair ministry annually report. It's written there black on white. Your truth is a lie.

@TheKlaun9

7 ай бұрын

@@ayoubalrfadey3031 there is a big difference between a simple truth and for example knowledge

Hey am one of those 9.4 million 🎉

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

@sirsurnamethefirstofhisnam7986

Жыл бұрын

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

I'm surprised there still so little free air comments

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

Make a video on Brazil hyperinflation in 1990s

I waited for this so long

"Turkey, formerly Turkey" I laughed out loud.

how to be a rich country despite competition: get $140B from the US

@hollandicus_missile

6 ай бұрын

Israel uses its money for helping it's citizens Hamas uses it to do the exact opposite to its citizens

@user-re9mz2bt1e

6 ай бұрын

@@hollandicus_missile Who created hamas?

@hollandicus_missile

6 ай бұрын

@@user-re9mz2bt1e Hamas was created to originally destroy another terrorist group a what seem back there that hamas was better than them the Israelis created them but after the other one was destroyed Israel stopped funding, today its funds come from other countries. Over the years Hamas got over 100 biliion dollars and yet they didn't do anything good with that money (unless you're one of the idiots that says that targeting babies with a direct line of fire is good for humanity)

@alfapaul5593

4 ай бұрын

@@user-re9mz2bt1e I guess you can get answer to your question if you know who created Ossama.

Do Egypt next please!

I am going to have the metaphorical comment fire extinguisher ready

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.

@gisselleivancovsky2453

6 ай бұрын

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

@davidtrak2679

6 ай бұрын

@@gisselleivancovsky2453 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.

It's called American dollars.