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Essay heading: PE industry
 
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Issue: History
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Date added: October 21, 2003
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No of pages / words: 46 / 12765
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It has been the largest annual recipient of direct economic and military assistance since 1976, and is the largest recipient in total since World War Two, to the tune of well over $140 billion (in 2004 dollars). Israel receives about $3 billion in direct assistance each year, roughly one-fifth of the foreign aid budget, and worth about $500 a year for every Israeli...
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This largesse is especially striking since Israel is now a wealthy industrial state with a per capita income roughly equal to that of South Korea or Spain. Other recipients get their money in quarterly installments, but Israel receives its entire appropriation at the beginning of each fiscal year and can thus earn interest on it...
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