Israel attracts a lot of international companies from Europe and North America that have set up high tech manufacturing facilities. Israel was only able to grow these industries through a program that encouraged innovation by having the government directly invest in promising industries. Government investment into for-profit institutions is always difficult because there is so much room for corruption.
Despite geographical challenges, hostile neighbors, and limited resources, Israel has become one of the world's wealthiest and most advanced economies. This video explores how Israel overcame economic failure, what drives its growth, if its success can be replicated, and its future prospects.
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