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Patinkin’s Legacy

Israel’s Major Economic Challenge: Closing the Gap in the Field of Business Economics

Israel’s Major Economic Challenge: Closing the Gap in the Field of Business Economics

December 1, 2000 | Dr. Manfred Gerstenfeld
Why is it that Israel's per capita GNP still lags substantially behind that of the leading countries of the world? Why is it likely to take decades for the Israeli economy to catch up? This is while the Israeli papers are full of news about very promising high-tech start-ups, and we even hear occasionally about payments of billions of dollars by major foreign firms to acquire Israeli businesses which were founded a few years ago and have at most several hundred employees.