ABSTRACT

By any dispassionate standard, Israel attracts a wholly inordinate degree of global interest. Unlike others often considered to be regional powers, Israel is a small country (about 20,000 square kilometres) with a small population (slightly over seven million).1 Its economy is quite advanced and sustains a standard of living high enough to qualify it for membership in the Organization for Economic Cooperation and Development (OECD), but in absolute terms, it is altogether too small to have any effect on global economic or financial trends. It has virtually no impact on emerging global concerns, such as environment degradation (its carbon footprint is imperceptible). It does not export natural resources, terror or people in any significant numbers to places where their integration is problematic. In short, it has none of the characteristics normally associated with standing as a regional, much less emerging, global power.