The Palestine Yearbook, edited by Sophie A. Udin
This useful compendium issued by the Zionist organization of America is a fine reference book which is rendered especially useful by a series of articles rich in data on various aspects of the Jewish community in Palestine.
Jewish economic development is discussed by Eliezer Kaplan, treasurer of the Jewish Agency, and David Horowitz, a highly competent economist, who writes on Palestine’s absorptive capacity. Horowitz discusses internal and external political conditions, among them government currency restrictions, which limit economic expansion. The principal agricultural and industrial developments necessary for large-scale immigration are outlined. Horowitz also points out the significant role of immigration in expanding absorptive capacity by bringing skilled personnel and investment capital into the country.
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