Is an ‘economic peace’ possible? Israel and globalization since the 1970s

This article argues that the tenure of left-wing governments in Israel in the past 40 years has been associated with faster socio-political globalization, while the tenure of right-wing ones has been associated with slower socio-political globalization. In contrast, the pace of Israel's economic globalization and the rise in its average income are found to have been unrelated to the government's political bias. Interestingly, income inequality is found to be unrelated to changes in average income or to government bias with regard to globalization. However, income inequality is found to have risen under governments with a hawkish military bias.