Monday, November 09, 2009

Israel - leader in business innovation

From an interview, Wed. Oct. 28 2009, with Dan Senor, co-author of 'Start-up Nation: The Story of Israel's Economic Miracle,' in which he discusses with CNBC how Israel has managed to become a leader in business innovation:

(the video commences with a brief advertisement)
Key points:
1. Israel's unique role in encouraging immigration and integrating immigrants into the economy.
2. Israel's unique focus on research and development.
3. The unique role of Israel in integrating its ex-soldiers into the economy after they conclude military service.
4. Israel's "ethos of resiliance and survivability" and its culture of entrepreneurship and innovation - business goes on regardless of war.
6. Israel as a historically-socialist economy that has been moving towards free-market capitalism, while America has been moving in the opposite direction.
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