The Role of the Economy on Israel's 1988 Election
(October 25, 1988)
State Department cable discussing the role of the economy in Israel's 1988 election campaign. In summary:
Although the state of the economy has emerged as a key issue in the campaign, it has been overshadowed by the peace and security debate. This is partly due to a delay in the scope of the current slowdown being perceived by the general public. Also, the existence of the national unity government has dampened debate on past economic policy since both Likud and Labor shared in its formulation. In addition, there is general agreement between Likud and Labor on future economic policy in that both parties are emphasizing the need for budgetary restraint, reduced government intervention in the economy, and the opening of the Israeli economy to increased competition.
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Source: US State Department