On why Israel's economy is developing so fast.

A brief talk on why Israel's economy is developing so fast

As we all know, Israel has been called "the country of entrepreneurship", "the country of wisdom" and "the country that has created economic miracles" over the years ... It seems to give people a mysterious feeling, which is hard to ponder. Let it be full of irresistible attraction and attract people's attention. But my initial impression of it seems to be just a restless and war-torn place.

Israel is extremely short of natural resources, and people call it "a tiny country with nothing but desert and human brain". Israel's land is barren, most of its land is desert and saline-alkali land, and the effective rainfall in the whole year is only a few days, so it is seriously short of water; Although Israel is close to Arabia, it is under the total blockade of Arab countries, and there is no exploitable oil, natural gas, coal or deep forest resources in its territory ... < P > But Israel is a smart country with extremely rapid economic development, which has spent nearly 4 years, making its GDP increase by 3 times; In 213, Israel's per capita GDP reached 32, US dollars, ranking among the developed countries and the only developed country in the Middle East. The total number of emerging 2 enterprises in Israel listed on Nasdaq ranks third in the world ... In 28, Israel's per capita venture capital was 2.5 times that of the United States and 8 times that of China, attracting nearly $2 billion in venture capital.

historically, there are three main reasons for Israel's economic development. The first reason is that in the early 199s, the influx of Jewish immigrants from the former Soviet Union stimulated the development of the economy (especially the construction industry). The second reason is that the economic structure reform plan implemented since 1985 has achieved initial results; The third reason is that the situation in the Middle East is relatively stable, and then continuous innovation has been carried out. From the perspective of Israel's innovation and development, it is mainly due to three innovations of Israelis, namely, scientific and technological innovation, institutional innovation and thinking innovation.

Israel's rapid economic development is mainly due to its economic modernization and industrialization. Israel's industries are developed and varied, among which high-tech industries are developing most rapidly. Its foreign trade occupies an important position in the economy. Western developed countries are Israel's main trading partners. Israel has free trade agreements with Europe and the United States, and most of its products can enter the market duty-free. Israel's agricultural output value accounts for a very small share of GDP, but its farming methods are advanced and its unit output is extremely high. Generally speaking, the quality of the Israeli labor force is very high, and there are many talents.

the main driving force of Israel's economic growth is the promotion of high-tech industries. Israel is the region with the highest concentration of high technology and the highest entrepreneurial density in the world except Silicon Valley in the United States. In 216 alone, more than 1, innovative technology companies emerged in Israel, with an average of three companies born every day. Moreover, innovative technology companies in Israel are generally of high quality.

In addition, I think the rapid economic development of Israel is inseparable from the extraordinary economic mind of the Israelis. Faced with business opportunities, they will not choose to do the same thing, and eventually win by fighting price wars. On the contrary, they will seek complementary business opportunities and seek common development. The Israelis are never afraid of difficulties, and they are very good at turning difficulties into driving forces. Their country is quite short of water, but it is their water shortage that makes them invent drip irrigation system. The invention of this technology has increased crop yield by 5% and saved 4% of water resources ... < P > Therefore, I think the speed of a country's economic development depends not only on whether natural resources are abundant, but on many factors.