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Israeli-United States Relationship (Hardcover)
Loot Price: R1,360
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Israeli-United States Relationship (Hardcover)
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Israeli-US relations are an important factor in U.S. policy in the
Middle East, and Congress has placed considerable emphasis on the
maintenance of a close and supportive relationship. The main
vehicle for expressing support for Israel has been foreign aid;
Israel currently receives about $3 billion per year in economic and
military grants, refugee settlement assistance, and other aid.
Israel is not economically self-sufficient, and relies on foreign
assistance and borrowing to maintain its economy. Since 1976,
Israel has been the largest annual recipient of US foreign
assistance, and is the largest cumulative recipient since World War
II. In addition to US assistance, it is estimated that Israel
receives about $1 billion annually through philanthropy, an equal
amount through short- and long-term commercial loans, and around $1
billion in Israel Bonds proceeds. What might appear to be massive
largesse, however, helps economically support a country which has
steadily supported the US in the region and world and also serves a
leader in innovation in many fields such as medicine, military
electronics and other crucial areas of technological development
which may not be able to take place in the US for a variety of
reasons. This book presents the current situation in a relationship
that is mutually useful and at the same time sometimes
cantankerous.
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