Housing in Israel [antikvár]

Homes for Everybody Housing is an industrial branch that often finds itself under the shadow of the economists' disapproval. It eats up a great part of the national investment, yet does not create permanent sources of employment or production, as would a comparable sum spent on putting up a farm or factory. Israel combines a notable lack of natural resources with a consistent policy of mass immigration, and over the last decade has faced the biggest deficit in foreign trade per caput of any country. Nevertheless, a third of the' national investment has gone into residential construction. Experience already shows that there was much wisdom in the policy which gave this a high priority in the na-