The paradox of wealtly national natural resources. - Comment - Israel News | Haaretz Daily Newspaper
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    • Daniel
    • 03.04.13 | 21:22 (IDT)

    I just returned from Australia which has in recent years expanded massively its mining activity, resultant in making the $ Australian very high against other currencies, with knock-on effects of higher housing prices,higher living prices and increased unemployment. It is a killer formula for export markets and those that have spent their lifetimes building their businesses. Those in the mining sector are becoming very wealthy as most of the country is becoming increasingly poor. Mr. Fischer needs to make sure Israel does not follow this disastrous path.

    from the article: Shekel reaches 17-month high against dollar as Tamar natural gas field begins production
    First published 18:30 03.04.13 | Last updated 18:30 03.04.13
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