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Palestine's Economy, Postwar:
The Country's Productivity and World Markets
- Abstract
With the end of the wartime boom, the perennial problems of the Jewish economy in Palestine return to the center of the stage. While the first dislocation of war hit Palestine among other countries, the market offered by the British army and the shutting off of outside competition made possible an expansion of her agricultural and industrial production and plants—and obscured the unsolved economic problems of the Jewish settlement.
The two chief problems have been these: Palestine has had to assure means of making a living to an ever—increasing Jewish population, and it has had to keep its standard of living at a European level. This had to be done in competition with cheap Arab labor and cheap imports. To maintain a European standard of living, the Jews have also had to establish social services which, in a progressive community, are generally supported by state aid.
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