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last updated Feb. 4, 2009 11:59 AM (EST+7)
Information technology (Israeli)
Read more: 
information technology, high tech, economy, bio-technology, research and development, multi-national corporations, military technology, investment, advanced technology

Ranked consistently among the top five high-tech producers in the world, Israel's market continues to grow. This is evidenced in world-wide demand for Israeli-developed applications. Israel and Sweden have the same percentage of their populations working in research and development of technology.


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June 20, 2010 7:30 PM (EST+7)
Background
Information technology (Palestinian)
Information technology (Palestinian)
Economy (Palestinian)
Documents
The Underpinnings of the Future Palestinian State: Sustainable Growth and Institutions
Netanyahu addresses the Foreign Press Association in Israel, Jan. 20, 2010
Palestinian Reform and Development Plan 2008-2010
Publications
Poll No. 75, November 2011 - Perpetuation of the Palestinian Authority and US policy
An Issue and an Audience: A Series of Seminars
Analysis of Palestinian Public Opinion on Politics: Popular Trust and Distrust in Palestinian Politicians and Factions
Resources
"Palestinian refugees get wired" Salon, 1999
“An Assessment of the Outsourcing Capabilities of the Palestinian ICT Industry”, May 2008
Palestine Information and Communications Technology Incubator

Israel has excelled in several fields of high level technology, notably in bio-technology, communications, and defense systems. The country's successful high tech companies include Checkpoint Systems, M-Systems, Comverse Technology, Amdocs and Nice Systems, which have fared well on the NASDAQ stock exchange.

News on Information technology (Israeli)
World Bank: Israeli curbs harm Palestinian economy long termMarch 12, 2013 2:51 AM (EST+7)
Romney riles Palestinians with digs at culture, economyJuly 31, 2012 5:17 AM (EST+7)
US Republications lack diplomacy in economy-focused raceJan. 18, 2012 11:03 AM (EST+7)

Intel, Microsoft, Motorola, and Google are some of the leading international corporations that have established Israeli branches for research, development and manufacturing. Information technology, originally a state-initiated field, is now increasingly sustained through private enterprises.

GOVERNMENT INVOLVEMENT

The Israeli government invests about 4.6 percent of its gross domestic product directly into research and development of high technology making Israel the second largest market in the world. The Israeli security forces have been a driving force in the development of advanced military technology and telecommunications for intelligence purposes. Different branches of the government coordinate with the Office of the Chief Scientist to fund, supervise and oversee technological developments related to infrastructure, agriculture, and health.  

GROWTH & ADVANCEMENT

Eighty percent of approximately 3,000 Israeli high tech ventures are less than 10 years old, making it a young and rapidly-evolving market. About half of all start-ups in 2007 were in communications. Biotechnology companies have grown at a steady pace, averaging 14 percent per year in the last decade. Additionally, software- and computer-related goods and services grew from $3.6 billion in 2002 to over $6 billion in 2007.

FUTURE PROSPECTS

Israel's high tech industry has recently experienced a brain drain as highly skilled workers seek jobs abroad. Additionally, multinational corporations with much higher pay scales have monopolized the workforce, making it difficult for local companies to compete.  The current worldwide economic recession has compounded these problems, inevitably slowing the economy.


Sources
"High tech puts Israel in the black", by Neal Sandler, Business Week
Agro Technology - Israel investment promotion center
World economic forum, global information report (2005 - 2006)
Israeli ministry of industry and technology website
“Explaining Israel’s High Tech Success: Another View ” by Charles Cooper, CNET, October 24,
Communications in Israel - Israel investment center



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