DBWI: No Israeli Economic Collaps in 1982

So what would happen if the Israeli economy didn't collaps due to the heavy regulations and socialist policies?

(OOC: This happened in the 80's and that would have been the general consensus of the causes, compare to how the mode of the time shaped the perseption of the depression, blaming the free markets.)
 
Well, in retrospect it was the first evidence of the problems awaiting the Soviet block as a whole. Some attribute the attempted reforms in China and the Soviets of the time to near-panic over Israel's situation. Of course, while Russia tried to economically liberalize withing the Warsaw Pact sphere, China attempted to become the ultimate Asian tiger by going into the world sphere. Horrendous quality and heavy tariffs worldwide saw which of the two survived better into the 21st.
 
I live in Israel and honestly didn't know we had such a collapse back in 82 Oo, the inflation was high...and I think that time we moved into new shekels which is our current currency...
 
I live in Israel and honestly didn't know we had such a collapse back in 82 Oo, the inflation was high...and I think that time we moved into new shekels which is our current currency...

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