Peace Isn't The Engine Of Israel's Prosperity
It was not the peace process that enabled Benny Gaon to "transform once ailing Koor into a highly profitable $4 billion industrial group" ("Bibi has business biting its nails," International Business, June 17). Gaon did it the same way such things are done in the U.S.--by firing half the workers. Koor Industries' profitable position is the result of the highly monopolistic nature of much of the Israeli economy. It has nothing to do with the peace process. If the peace process has opened so many new export markets, then why have exports stagnated in the last four years and imports boomed?
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