web analytics
July 24, 2014 / 26 Tammuz, 5774
Israel at War: Operation Protective Edge
 
 
At a Glance
InDepth
Sponsored Post
IDC Advocacy Room IDC Fights War on Another Front

Student Union opens ‘hasbara’ room in effort to fill public diplomacy vacuum.



Yoram Ettinger: For Long-Term Confidence in Israel’s Economy

Finance Minister Yuval Steinitz, PM Binyamin Netanyahu, and Governor of the Bank of Israel Stanley Fischer.

Finance Minister Yuval Steinitz, PM Binyamin Netanyahu, and Governor of the Bank of Israel Stanley Fischer.
Photo Credit: Miriam Alster/Flash90

Israel’s economic growth during the last five years (21%) is higher than all OECD countries, besides Turkey. Israel’s economy grew 270% over the last 20 years, while Israel’s population grew 145%. Israel’s unemployment is its lowest ever – 5.4%. The strength of Israel’s exports is derived from its multitude of companies, diversified technologies and products, reaching diversified markets, cutting edge technologies, focusing on essential products (medical, telecommunications, Internet, water technologies, energy alternatives, homeland security, defense), preferring high tech over raw material, expanding joint ventures with global giants, bolstering research & development (world leader in percentage of GDP).

Israel is expected to become a net-exporter of natural gas by2018. Israel’s economy receives a tailwind from an annual Aliya (Jewish immigration), reduced emigration, accelerated return by expatriates, an expanding young population (especially due to rising fertility rate of the secular sector), a growing integration of the ultra-orthodox community in Israel’s workforce and military service and the potential for a dramatic wave of Aliya due to economic, political, security, and social circumstances in the former USSR, France, England, Argentina and the USA (Adam Reuter, Financial Immunities, March 14, 2012).

Intel’s exports from Israel – $2.2BN in 2011. Since 1999, Intel’s exports from Israel total $22.5BN (Globes Business Daily, March 19). Intel employs 7,800 persons in Israel – 10% of Intel’s global manpower. 700 were hired in 2011, projecting 600 more in 2012. Abbott Laboratories – which acquired Israel’s SrarLims in 2010 – concluded a 3-year cooperation agreement with Israel’s Weizmann Institute (Globes, February 7).

Credit Suisse reported a 5.35% holding in Israel’s $12BN CheckPoint – $643MN (Globes, February 10). Virginia-based Tamro Capital Partners and San Francisco-based Parnassus Investments announced a 5.9% and a5.7% holding in Israel’s Ceragon – $18MN and $17MN respectively (Globes, February 10). The NJ-based Avaya acquired Israel’s RadVision for $230MN (Globes, March 16). The $21BN Broadcom acquired Israel’s BroadLight for $200MN- Broadcom’s 10th acquisition of an Israeli company in 10 years (5th since 2009), leveraging the top quality Israeli human resource – innovations; which are transformed into cutting-edge technologies, manufacturing lines and exports. Broadcom has intensified its Israel operations during the last two years (Globes, March 21, 2012). Goldman Sachs acquired 10% of Israel’s Viola Group fro $200MN (Globes, February 22). The NYC-based W Capital Partners acquired, from Yozma VC Fund, 3% of Israel/US Conduit for $39MN (March 19).

San Francisco-based Koshla Ventures and Burrill & Co. and Menlo Park-based Triple Point led a $30MN round by Israel’s HCL-Virdia (Globes, March 8). France Télécom, the French Publicis Groupe and Iris Capital co-led a $15MN round of private placement by Israel’s MyThings, joined by Silicon Valley’s Accel Partners and Deutsche Telecom investment arm T-Venture (Globes, March 21). The Boston-based Spark Capital led a $15MN round by Israel’s eToro (Globes, March 14). A West Coast investment bank led a $13MN round by Israel’s Vascular Dynamics (Globes, March 8).

2011 mergers & acquisitions of 85 Israeli high tech companies (27% increase over 2010) – $5.1BN, the highest sum in 10 years, except the 2006 bubble ($11BN).

 

http://www.theettingerreport.com/

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.

Please use the Facebook Tab below to leave your comment:

One Response to “Yoram Ettinger: For Long-Term Confidence in Israel’s Economy”

  1. Simcha says:

    The government of Israel and the businesses in Israel are only interested in exporting to other countries and do NOT care about the citizens of Israel. This is the reason why a majority of the products purchased in Israel are of inferior quality while the products purchased overseas are of good quality.

Comments are closed.

SocialTwist Tell-a-Friend

Loading Facebook Comments ...
Loading Disqus Comments ...
Current Top Story
U.S. President Barack Obama
FAA Ban on Flights to Israel ‘Worse than BDS’
Latest Indepth Stories
Rabbi Meir Kahane at the National Press Club ~ 1985

Rabbi Kahane spoke of transfer, because it was what the Torah spoke of.

Hamas terrorists in Gaza have been using human shields to protect them from the IDF as they launch rocket attacks against Israel.

There is much I can write you about what is going here, but I am wondering what I should not write. I will start by imagining that I am you, sitting at home in the Los Angeles area and flipping back and forth between the weather, traffic reports, the Ukraine, Mexican illegals and Gaza. No […]

Jews inside Paris synagogue surrounded by protesters throwing rocks, holding bats and chairs.

Should Jews in Europe take more responsibility in self-defense of community and property?

Map_of_the_Continent_of_Europe

Germany’s The Jewish Faith newspaper ominously noted, “We Jews are in for a war after the war.”

The truth is we seldom explore with kids what prayer is supposed to be about.

Almost as one, Jews around the world are acknowledging the day-to-day peril facing ordinary Jews in Israel and the extraordinary service of the IDF in protecting them.

So on the one hand Secretary Kerry makes no bones about who is at fault for the current hostilities: he clearly blames Hamas.

King Solomon said it long ago: “Cast your bread upon the waters” because you don’t know when you’ll hit something. Our job is to do.

The anti-Israel camp does not need to win America fully to its side. Merely to neutralize it would radically alter the balance of power and put Israel in great jeopardy.

We mourn the dead, wish a speedy recovery to the wounded, and pray that God guides the government.

Charges from the court of world public opinion and their refutations.

It is up to our government to ensure that their sacrifices were not made for short-term gains.

Supporting Israel, the only democracy in the Middle East, has become dangerous in Malmo.

Proportionality Doctrine:The greater the military gain the greater the justifiable collateral damage

More Articles from Yoram Ettinger
Middle-East-map

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

Prime Minister Netanyahu receives baskets of first fruits from children in his office in Jerusalem, May 12, 2013.

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.

The elimination of Jews was the top priority of the Grand Mufti of Jerusalem, Haj Amin al-Husseini.

Abbas – an ally of Saddam Hussein, North Korea, Iran, Cuba and Venezuela – provides Hamas with a vital tailwind.

The 1948 re-establishment of Jewish sovereignty was a modern day Exodus and Parting of the Sea.

What’s this Purim all about?

President Obama’s foreign policy is based on fantasy.

Israel’s popularity is at the highest since 1991, when Gallup first polled Americans on foreign countries.

    Latest Poll

    Do you think the FAA ban on US flights to Israel is political?





    View Results

    Loading ... Loading ...

Printed from: http://www.jewishpress.com/indepth/analysis/yoram-ettinger-for-long-term-confidence-in-israels-economy/2012/03/25/

Scan this QR code to visit this page online: