Israel Shows Its Neighbors How

Israel is getting its economic house in order. The startling success of its high-tech companies reflects a newly charged entrepreneurial business culture. The country is also shedding much of the socialist baggage that has weighed down its economy for decades. Gone are the days of triple-digit inflation, reckless trade unions, and stifling bureaucracy. For the first time, leading politicians across the spectrum back private-sector initiatives--even if they noisily disagree on practically everything else.

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