Israel as a teacher of innovation
People from around the world are traveling to Israel to learn from its innovation and economic success.
Israel lacks natural resources and is surrounded by hostile neighbours and yet it has generated a dynamic economy. The Israeli economy has been growing at more than 4 per cent a year for the past decade (4.8 per cent last year) and is set to grow at 3.2 per cent this year. Israel currently has almost 4,000active technology start-ups - more than any other country outside the United States, and a flow of venture capital that amounted to US$884m in 2010 alone.
