Results for Tag: Jerusalem
Israel is a parliamentary democracy, based on a number of Basic Laws. It has no formal constitution. Religious political parties have in the past blocked all efforts to create a constitution. They hold the opinion that the Jewish state’s constitution must be based upon the Torah (the Five Books of Moses) and the Jewish law (halakhah) that arises from it.
Israel has a technologically advanced free market economy. Cut diamonds, high-technology equipment and pharmaceuticals are among its leading exports. Its major imports include crude oil, grains, raw materials and military equipment. Israel usually posts sizeable trade deficits, which are offset by tourism and other service exports, as well as significant foreign investment inflows.