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Israel's Rapidly Growing Economic Clout

(Financial Post-Canada) Lawrence Solomon - 250 high-tech companies from the U.S. alone have made Israel home to their R&D centers. 2014 set records for Israeli high-tech and biotech startups - 52 Israeli startups sold to the tune of some $15 billion, plus 18 IPOs worth another $10 billion, according to end-of-year reports by accounting firm Pricewaterhouse Coopers and Ethosia Human Resources, who expect 2015 to be even bigger. This January alone saw foreign giants such as Microsoft and Amazon shell out $900 million for companies rich in Israel's only abundant renewable resource: ingenuity. The Western press likes to describe Israel as increasingly isolated in the world due to its supposed failure to make peace with the Palestinians. Israel has never been less isolated, never been more embraced. The writer is a fellow of the Canadian Institute for Jewish Research.
2015-03-24 00:00:00
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