JEWISH PRIDE

FROM JEWISH WORLD REVIEW

Israel has only recently become a technological and economic powerhouse. It got there after a protracted dalliance with socialism that gave Israel high unemployment, anemic growth, and inflation rates that reached 1,000 percent in early 1985. Three catalysts changed everything: 1) the influx of 1 million vehemently anti-socialist immigrants from the former Soviet Union; 2) the addition of a far smaller but still consequential cohort of American Jewish immigrants who had business experience and expertise; and 3) economic reforms urged by Natan Sharansky and Bibi Netanyahu. The results, Gilder writes, were "incandescent." He cites a 2008 Deloitte & Touche survey showing that in six key areas — telecom, microchips, software, biopharmaceuticals, medical devices, and clean energy — "Israel ranked second only to the United States in technological innovation." Israel's high-tech research and development puts it at the center of the information revolution. Intel's microchips, Gilder notes, might as well be tagged "Israel Inside."