Economy Of Israel: Exploring The Israeli Economy
The Israeli economy is one of the most innovative in the world. It is home to some of the biggest and best tech companies, but how did the Israeli economy become so good? In this video, I'm going to explain.
You have probably heard of Silicon Valley, but if not, Silicon Valley is a high tech hub in California which has produced some of the world’s largest companies such as Facebook, Google and Apple. The Israeli economy has Silicon Wadi. There are fewer Teslas, but Silicon Wadi is to the Israeli economy what Silicon Valley is to the US economy. It is a cluster of cities within Israel with the second highest concentration of tech companies and the largest number of start-ups per capita in the world.
If you’re a world leader looking to create a tech scene, it requires more than just some branding, bean bags and table tennis tables. The Israeli economy has become a high tech powerhouse thanks to four key political pillars.
The 1980s was a very bad time for the Israeli economy. The country was going through a tough crisis. Inflation was regularly above 100%, meaning that the price of goods was doubling in a year. There was a banking crisis in the early 1980s, which caused government expenditure to rise rapidly
It looked as if the Israeli economy was on the brink of bankruptcy itself
In 1985, the Israel economy underwent some shock therapy to try and produce some stability. Government spending was cut, money printing was reduced, wage caps were introduced and the currency was devalued
In the short-term this caused a lot of pain and the Government needed to find a way to get the Israeli economy moving forward again.
And that’s where the first pillar comes in, the Yozma programme
The Yozma programme was introduced in the early 90s and helped to spark a boost in international investment into the Israeli economy. It was made of up $100m of state spending which was to be invested into venture capital firms which backed start-ups and scale-ups.
This international outlook feeds into the second pillar, immigration. It would be fair to say that Israel is the country that has bet on immigration the most. Immigrants tend to be more entrepreneurial and immigration promotes more international trade due to remittances and tourism. The Israeli economy benefits from immigration because it typically means people with high skills are moving to the country.
As well as relying on importing skills from abroad, Israel has always put a lot of emphasis on education and training. The emphasis on education is the third pillar that has helped the Israeli economy become one of the strongest tech players in the world
And you'll have to watch the video to find out the fourth important pillar that helped the Israeli economy become the powerhouse that it is today.
FREEBIES (Affiliates)
FREE SHARE WORTH UP TO £200 - https://freetrade.app.link/wBUp2FqmLdb?_p=c91629c39b1c65f9e30386f4
FREE BITCOIN - https://www.coinbase.com/join/purvis_g8
AMEX BONUSES - http://amex.co.uk/refer/tHOMAP0xDm?XLINK=MYCP
#IsraeliEconomy #Israel #EconomiesAroundTheWorld
Видео Economy Of Israel: Exploring The Israeli Economy канала Economies Around The World
You have probably heard of Silicon Valley, but if not, Silicon Valley is a high tech hub in California which has produced some of the world’s largest companies such as Facebook, Google and Apple. The Israeli economy has Silicon Wadi. There are fewer Teslas, but Silicon Wadi is to the Israeli economy what Silicon Valley is to the US economy. It is a cluster of cities within Israel with the second highest concentration of tech companies and the largest number of start-ups per capita in the world.
If you’re a world leader looking to create a tech scene, it requires more than just some branding, bean bags and table tennis tables. The Israeli economy has become a high tech powerhouse thanks to four key political pillars.
The 1980s was a very bad time for the Israeli economy. The country was going through a tough crisis. Inflation was regularly above 100%, meaning that the price of goods was doubling in a year. There was a banking crisis in the early 1980s, which caused government expenditure to rise rapidly
It looked as if the Israeli economy was on the brink of bankruptcy itself
In 1985, the Israel economy underwent some shock therapy to try and produce some stability. Government spending was cut, money printing was reduced, wage caps were introduced and the currency was devalued
In the short-term this caused a lot of pain and the Government needed to find a way to get the Israeli economy moving forward again.
And that’s where the first pillar comes in, the Yozma programme
The Yozma programme was introduced in the early 90s and helped to spark a boost in international investment into the Israeli economy. It was made of up $100m of state spending which was to be invested into venture capital firms which backed start-ups and scale-ups.
This international outlook feeds into the second pillar, immigration. It would be fair to say that Israel is the country that has bet on immigration the most. Immigrants tend to be more entrepreneurial and immigration promotes more international trade due to remittances and tourism. The Israeli economy benefits from immigration because it typically means people with high skills are moving to the country.
As well as relying on importing skills from abroad, Israel has always put a lot of emphasis on education and training. The emphasis on education is the third pillar that has helped the Israeli economy become one of the strongest tech players in the world
And you'll have to watch the video to find out the fourth important pillar that helped the Israeli economy become the powerhouse that it is today.
FREEBIES (Affiliates)
FREE SHARE WORTH UP TO £200 - https://freetrade.app.link/wBUp2FqmLdb?_p=c91629c39b1c65f9e30386f4
FREE BITCOIN - https://www.coinbase.com/join/purvis_g8
AMEX BONUSES - http://amex.co.uk/refer/tHOMAP0xDm?XLINK=MYCP
#IsraeliEconomy #Israel #EconomiesAroundTheWorld
Видео Economy Of Israel: Exploring The Israeli Economy канала Economies Around The World
Показать
Комментарии отсутствуют
Информация о видео
25 июля 2021 г. 20:00:12
00:10:47
Другие видео канала
How Israel Created the First Water Surplus in the Region | Insights: Israel & the Middle EastWhy Israel supports Azerbaijan against Armenia?Start-up Nation: Israel's Global Leader in Technology | Insights: Israel & the Middle EastWhy We Should Build Skyscrapers - My Response To Adam SomethingThe Economy of Portugal: A Never Ending Recovery?Why is CHINA kicking American Ass?The Canada Economy: Why Canada Loves ImmigrationCOULD THIS SAVE THE INDIAN ECONOMY?15 Emerging Technologies that Will Change the WorldEconomy of the Philippines: Rising or Underperforming?How Does The Netherlands Feed The World?How Did Israel Become So Rich - Startup NationWhy Israel Is The Tech Capital Of The World?Economy of IsraelElon Musk's Controversial Speech That Exposed The Biggest Deceptions in The WorldIsrael: A Tech Giant Born Out of Defense | Israel's Tech Industry | Startups In The Middle EastThe Finland Economy - Happiest Country In The WorldIsraeli Jew UNDERCOVER in Palestine | Nablus First Impressions 🇵🇸A Bigger Crisis Is On The Horizon, And It Will Last For DecadesEconomy of France, Digging Deep Into The French Economy