Opinion There are many reasons why Prime Minister Benjamin Netanyahu was re-elected, despite all of his legal troubles, and notwithstanding a formidable group of former generals running against him. But the most significant one is simple: Israel’s economy is booming. Over the last twenty years, and especially over the past decade, Israel has transformed from a struggling economy into a powerhouse. In Israel’s early years, the country’s most recognized export was, at best, Jaffa Oranges. Today, Israel is known for its high-tech expertise. Foreign investment in Israel has skyrocketed from a few hundred million dollars each year in the early 1990s to nearly $20 billion in 2018. Israel’s GNP has grown from $22 billion in 1980, to $124 billion in 2000, and to over $347 billion in 2018—with almost all of this expansion fuelled by Israel’s high-tech boom. Much of Israel’s high-tech advantage can be traced to the military. Starting in the 1980s, Israel began to invest heavily in the advancement of its military technology. While contractors did much of the initial development, essential elements proceeded to be implemented inside the army itself. A generation of programmers and other technologists have gained varied, valuable skills at an early age inside… Read full this story
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