web analytics
August 30, 2015 / 15 Elul, 5775
At a Glance
InDepth
Sponsored Post


Israel’s Continuing Success

Hi-tech

Photo Credit: Gili Yaari/Flash 90

While Israel’s economy is increasingly impacted by the global economic meltdown – which has decreased tax income, increasing budget deficit, requiring substantial cuts in government expenditures – Israel’s Central Bureau of Statistics revealed some fascinating statistics.

Israel’s economic growth during the 2nd quarter of 2012 was 3.2%, surpassing the 2.5% expectation, compared with a 2.8% growth during the 1st quarter. Growth per capita increased 1.4%, reaching almost $30,000. Exports of goods and services –40% of Israel’s economic activity – surged 10%, following a decline during the previous three quarters. Private consumption rose by 5.4%.  Investment in fixed assets, which constitute a key growth engine, fell by 1.1%.  Imports declined 9.3%. Inflation assessment is within the 2%-3% target, but recent and expected price increase raise concerns (Globes Business Daily, Aug. 17).

Beyond economics, Israel is excelling in other fields. According to an August 2012 Bloomberg global health survey of 145 countries, Israel ranked 6th in the quality of healthcare it offers its population, along with their general health status. The report was based on information by the World Bank, the UN the World Health Organization, and studied life expectancy, mortality rate, and obesity levels among other factors.  Israel followed Singapore, Italy, Australia, Switzerland and Japan, ahead of the Holland, France, Canada, Britain and the USA. While Israel’s hospitals are crowded, and there is a shortage of doctors and medical staff, medical care in Israel is funded by the government for all citizens, regardless of their financial means. Israelis’ life expectancy is among the highest in the world.

Israeli companies are still attracting foreign interest. Qualcomm, the $105 billion San Diego-based digital wireless telecommunications giant, has acquired Israel’s DesignArt for $130 million, leveraging Israel’s innovative manpower. Qualcomm operates an Israeli R&D center, employing 260 persons (Globes Business Daily, Aug. 23).  Europe’s $5 billion STMircoElectronics acquired Israel’s bTendo for $9 Million, which will be the core of ST’s R&D center in Israel (Globes Business Daily, Aug. 6).

The NYC-based OrbiMed Healthcare Fund Management led a $20 million  round of private placement by Israel’s Ornim, joined by General Electric. This is OrbiMed’s third investment in Israeli companies (Globes Business Daily, Aug. 22).  William Murphy, the CTO of the NYC-based Blackstone Group announced the first Israeli investment by the world’s largest private equity fund – the data security start-up WatchDox Ltd. (Globes Business Daily, Aug. 14).

Israel is also making its mark in the sporting arena. 35 years ago, the Soviet basketball champion boycotted Israel during the European Championship. During the 2012 London Olympics, David Blatt the Israeli coach of the Russian national team – a former Princeton basketball star, who is also the coach of Israel’s champion Maccabee Tel Aviv – was credited by his players for winning the bronze medal.

Originally published at http://www.theettingerreport.com/Overseas-Investments/Qualcomm%E2%80%99s-Confidence-in-Israel%E2%80%99s-Economy.aspx

About the Author: Ambassador (ret.) Yoram Ettinger is consultant to Israel’s Cabinet members and Israeli legislators, and lecturer in the U.S., Canada and Israel on Israel’s unique contributions to American interests, the foundations of U.S.-Israel relations, the Iranian threat, and Jewish-Arab issues.


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

No Responses to “Israel’s Continuing Success”

Comments are closed.

Current Top Story
Italian Prime Minister, Matteo Renzi (3R) speaks with Israeli Prime Minister Benjamin Netanyahu (3L) during their meeting at Palazzo Vecchio in Florence, Italy .
Netanyahu: No Objection to ‘Civilian” Nuclear Program in Iran
Latest Indepth Stories
Rabbi Akiva and Layala Males with Israeli soldiers.

Yashar Lachayal’s mission is to learn what IDF soldiers’ need and get it to them when they need it.

Ben Cohen

Corbyn leading the Britain’s Labour Party polls, describes Hamas & Hizbullah as England’s “friends.”

PA Chairman Abbas proudly celebrating with released terrorists.

The convicted murderer was released from Israeli prison with more than two dozen other sociopaths

New Israel Fund

JCF is a donor/supporter of The New Israel Fund which supports BDS & wants IDF soldiers prosecuted

The ‘Peace Industry’ promotes its adherents; weak leaders, both military & political, is the result

The conundrum for US Labor Zionists: Lobbying for Iran deal while Israel’s Left lobby’s against it.

What does the Torah want from our small nation described as “they who struggle with God & with men”?

Mr. Nadler’s support for the deal is a naked political gift to a president who has defied logic in his quest to reinvent international affairs according to his ideological inclinations.

In practical terms, the proclamation surely makes a compelling argument:

BDS activists are not shy about discriminating against Israelis simply because they are Israelis –

A Federal Ct Judge ordered the PA to post JUST $10 million due to interfering letter from State Dept

Osakwe, like many other students at the CAMERA conference, described an extremely hostile campus environment when it comes to the issue of Israel.

Many people view a letter or manuscript by a chassidic rebbe or the Chofetz Chaim as intrinsically holy.

Key Iran Lobby figures had been major donors to both Biden and Kerry when they were in the Senate,

More Articles from Yoram Ettinger
President Obama press conference on Iran nuclear deal. July 15, 2015.

The 435 House Members & 100 Senators serve at the pleasure of their constituents, NOT the President.

Brit Israel Flag

The “Sun Never Sets” on Israeli technology….

While Israel is concerned about Iran’s nuclearization, Saudi Arabia and the Gulf States are panicky.

In 2015, Israel’s fertility rate (3+ births per woman) is higher than all Arab countries except 3

“The enemy of my enemy is my potential ally” view has consistently led to Middle East mismanagement

Based on Israel’s record, current events are mere bumps on the road to great growth&acceptability

Intra-Arab/Muslim terrorism has been a Middle East fixture since the 7th century emergence of Islam

Printed from: http://www.jewishpress.com/indepth/analysis/israels-continuing-success/2012/08/27/

Scan this QR code to visit this page online: