Israel's economic model gives success stories, glaring inequality

Israel economy model

People on April 27, 2023 shop at a low price market in a street in the southern Israeli city of Ashkelon. Almost 10 percent of families among Israel's population of 9.7 million face ‘severe’ food insecurity. PHOTO | MENAHEM KAHANA | AFP

Now 75 years old, Israel models itself as an economic success story, a leader in business, agriculture and advanced technologies despite glaring inequalities that have left many Israelis behind.

The country readily describes itself as a ‘start-up nation’ with a per capita GDP higher than that of Germany, France or Britain.