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17 August 2024

Israel is the future of the Middle East

Spengler

United Nations’ demographers project that, by the end of this century, Turkey’s labor force will fall by half and Iran’s will fall by two-fifths while Israel’s will double.

Turkish women in 2023 were estimated to have an average of just 1.5 children over their lifetime, half of Israel’s total fertility rate of 3 children per woman. The World Bank puts Iran’s 2022 fertility rate at 1.7.

Improbable as it may seem, the core scenario according to present trends will make Israel the economic center of the Middle East sometime toward the end of the century.

The race is not to the swift nor the battle to the strong, Damon Runyon offered, but that’s how the smart money bets. Any number of things could upend a linear projection of present trends. The exercise nonetheless leads to striking conclusions.

Israel’s per capita GDP is now about US$55,000, or five times Turkey’s $11,000. One might quibble about the yardstick, but there is no doubt that Israelis produce more than Turks do. If these trends continue, Israel’s GDP will exceed Turkey’s by sometime in the middle of the present century.

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