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Source: http://www.google.com/hostednews/ap/article/ALeqM5iPnHJbCPQcz7rhGYJaPfyV9v1A5Q
Israeli High Tech Adjusts to Asian Challenge
(AP) The list of Israeli achievements is surprising for a country of just 7.6 million. The country helped give the world instant messaging, voicemail, and Internet telephony. Its nanotechnology has enabled great advances in medicine. It boasts more companies on the technology-focused Nasdaq exchange than any place outside North America, and houses research and development centers for multinational giants like Microsoft and Intel. Technology now accounts for an eighth of Israel's economy and has pushed the per capita output up to a respectable $30,000 - more than many countries in Europe. Israeli entrepreneurs seem confident that they will maintain an edge in the ability to innovate - a quality Israelis ascribe to a combination of circumstances, including the need to develop military technology and a societal bent to break the rules and challenge the established order.