The Israeli economy had been buoyed in…

The Israeli economy had been buoyed in the late 1980s, by the influx of highly skilled Russian immigrants, a competitive high-technology sector, and the country's proximity to the European market.

In the period 1990­ to 1995, Israel's rate of economic growth has exceeded five percent annually, unemployment has been cut nearly in half, and the annual inflation rate has dropped from double to single digits.

Foreign investment has turned from a trickle into a flood, as Israeli exports to Asia also register large increases and the Arab boycott eases.