Economy
Between 1922 and 1947, the annual growth rate of the Jewish sector of the economy was 13.2%, mainly due to immigration and foreign capital, while that of the Arab was 6.5%. Per capita, these figures were 4.8% and 3.6% respectively. By 1936, the Jewish sector earned 2.6 times as much as Arabs. Compared to other Arab countries, the Palestinian Arab individuals earned slightly more.
The country's largest industrial zone was in Haifa, where many housing projects were built for employees.
On the scale of the UN Human Development Index determined for around 1939, of 36 countries, Palestinian Jews were placed 15th, Palestinian Arabs 30th, Egypt 33rd and Turkey 35th. The Jews in Palestine were mainly urban, 76.2% in 1942, while the Arabs were mainly rural, 68.3% in 1942. Overall, Khalidi concludes that Palestinian Arab society, while overmatched by the Yishuv, was as advanced as any other Arab society in the region and considerably more than several.
Read more about this topic: Mandatory Palestine
Famous quotes containing the word economy:
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)