web analytics
October 31, 2014 / 7 Heshvan, 5775
At a Glance
InDepth
Sponsored Post
Meir Panim with Soldiers 5774 Roundup: Year of Relief and Service for Israel’s Needy

Meir Panim implements programs that serve Israel’s neediest populations with respect and dignity. Meir Panim also coordinated care packages for families in the South during the Gaza War.



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.

SocialTwist Tell-a-Friend

Current Top Story
How would the Peace Process look if Sweden used the IKEA approach?
Can IKEA Put Together a Middle East Peace Package?
Latest Indepth Stories
Which glass has the poison?

The White House wanted to defame Netanyahu, undermine his reputation, impugn him & his policies

Adolf Hitler and the representative of the Palestinian Arabs, the Mufti of Jerusalem, Amin al-Husseini, December, 1941.

Palestinian anti-Semitism in 2014 is more extreme and mainstream than German A/S in the 1930s.

Sheldon Silver

Woven deeply through it all is the Jewish obligation to fight injustice.

Cravatts-Richard--new

Only in the inverted world of academia would Jewish professors denounce the AMCHA Initiative report.

Many poskim were and are adamant about the responsibility of every individual to vote.

Individuals who may have been abused are the “clients” in need and receiving care and protection.

An accomplished Torah scholar and ardent adherent of Bobov chassidus, he was renowned for his self-effacing dedication and skills as an international lawyer and law professor

The fact that the United States government after World War II sought to take advantage of the expertise of German scientists, even those known to have contributed to the Nazi war effort, is well known and largely accepted as having been necessary for America’s national defense. (Wernher von Braun is perhaps the most famous and […]

The New York State comptroller manages the state’s $180.7 billion pension fund, audits the spending practices of all state agencies and local governments, oversees the New York State and Local Retirement System, reviews the New York State and City budgets, and approves billions in State contracts and spending.

Rabinovich is the author of several popular books on Israel’s wars, including The Battle for Jerusalem, The Yom Kippur War, and The Boats of Cherbourg.

To say he was beloved because of the way he loved his students does not sufficiently capture the reality.

The birth I speak about is to give birth to ourselves, to our full potential.

The extreme hypocrisy, contempt & vulgarity of the attacks indicate more than a policy disagreement

More Articles from Yoram Ettinger
Jewish Holidays' Guide for the Perplexed

Sukkot is a universal holiday, inviting all peoples to come on a pilgrimage to Jerusalem.

Jewish Holidays' Guide for the Perplexed

Yom Kippur is observed on the tenth day of Tishrei – an Acadian word for forgiveness and Genesis.

Rosh Hashanah is a universal, stock-taking, renewal and hopeful holiday,

The War projects to lower Israel’s 2014 GDP 0.5% but will have little influence on foreign investors

Pres. Obama claims there’s no Islam-driven terrorism or radicalism, only “local” cases of terrorism.

Kerry is preoccupied with pressuring Israel, notwithstanding the transformation of the Arab Spring .

Regional pro-US Arab countries rely on Israel as a deterrence to rogue Islamic regimes.

The 49 days between Passover and Shavou’ot are dedicated to enhancing one’s behavior, following in the footsteps of the Jews, who forged/enhanced their own national character during the 40 years in the desert.

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

Scan this QR code to visit this page online: