web analytics
October 24, 2014 / 30 Tishri, 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.



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.

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

Current Top Story
Do you know where your vegetables grow?
Not So Kosher Shemittah L’Mehadrin
Latest Indepth Stories
Eller-102414-Cart

I had to hire a babysitter so that I could go shopping or have someone come with me to push Caroline in her wheelchair.

Bills to restore the balance of power in Israel will be fought by the not-so-judicial left.

Widespread agreement in Israel opposing Palestinian diplomatic warfare, commonly called “lawfare.”

Chaye Zisel Braun

Arab terrorism against Jews and the State of Israel is not something we should be “calm” about.

Peace Now Chairman Yariv Oppenheimer

The Israeli left, led by tenured academics, endorses pretty much anything harmful to its own country

We were devastated: The exploitation of our father’s murder as a vehicle for political commentary.

Judea and Samaria (Yesha) have been governed by the IDF and not officially under Israeli sovereignty

While not all criticism of Israel stemmed from anti-Semitism, Podhoretz contends the level of animosity towards Israel rises exponentially the farther left one moved along the spectrum.

n past decades, Oman has struck a diplomatic balance between Saudi Arabia, the West, and Iran.

The Torah scroll which my family donated will ride aboard the USS Gerald R. Ford aircraft carrier

The Jewish Press endorses the reelection of Gov. Andrew Cuomo. His record as governor these past four years offers eloquent testimony to the experience and vision he has to lead the Empire State for the next four years.

I think Seth Lipsky is amazing, but it just drives home the point that newspapers have a lot of moving parts.

Myth #1: It is easy to be a B’nai Noach. It is extraordinarily hard to be a B’nai Noach.

The question of anti-Semitism in Europe today is truly tied to the issue of immigration.

Polls indicate that the Palestinians are much more against a two state solution than the Israelis.

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/yoram-ettinger-for-long-term-confidence-in-israels-economy/2012/03/25/

Scan this QR code to visit this page online: