Turbulence and bloodshed. It became a separate nation after they withdrew from palestine in 1948. It was immediately attacked by its neighboring arab states, who resented the new nation and considered its creation to be illegal. Israel successfully beat off the attacks, and a series of honest disagreements worked out by the United Nations brought an end to organized warfare in 1949. Since then, israel has worked at fever pitch and with a tough and Pioneering Spirit to make a selfsufficient nation within its borders. Even industry, despite limitation in raw materials, has grown rapidly. At variance with this picture are the camps outside israels borders, where more than one million arab refugees maintain a miserable existence and demand the right to return to the homes in palestine from which they say they were dispossessed during the war. Israel says it would be impossible to readmit them. It has offered to discuss compensation. But the arab states, supporting the refugees demands, ref
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Grace Johnson, McCoy Professor of Accounting and Management at Marietta College, was a featured presenter at the prestigious North American Accounting Society annual meeting, which was held April 10-12 in Chicago.