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Abstract

In a span of just 15 years (1985-2000), Israel has become the world's second most important high-tech cluster after Silicon Valley. It stands behind America and Canada only, in the number of companies listed on NASDAQ (National Association of Securities Dealers Automated Quotation). Peril paralleled Israel's formation. Adverse conditions - such as the early Arab boycott, impending high inflation, perennial dearth of natural resources and a diminishing domestic market - did not deter Israel. Many factors helped it endure hardships: the mass exodus of Jewish immigrants and massive defence expenditure, mainly. Yet peace eluded Israeli society. But hope was reignited when it was mooted that Jews and Arabs can partner in tech-businesses. Along with such hopeful insights, this case spotlights which factors helped Israel shine in the global technology sector and how it altered its adversities into advantages.
Location:
Other setting(s):
2002

About

Abstract

In a span of just 15 years (1985-2000), Israel has become the world's second most important high-tech cluster after Silicon Valley. It stands behind America and Canada only, in the number of companies listed on NASDAQ (National Association of Securities Dealers Automated Quotation). Peril paralleled Israel's formation. Adverse conditions - such as the early Arab boycott, impending high inflation, perennial dearth of natural resources and a diminishing domestic market - did not deter Israel. Many factors helped it endure hardships: the mass exodus of Jewish immigrants and massive defence expenditure, mainly. Yet peace eluded Israeli society. But hope was reignited when it was mooted that Jews and Arabs can partner in tech-businesses. Along with such hopeful insights, this case spotlights which factors helped Israel shine in the global technology sector and how it altered its adversities into advantages.

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Location:
Other setting(s):
2002

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