— ADVERTISEMENT —
You deserve a factual look at . . .
The Economic Miracle of Israel
What does it mean to American investors?
Israel is a very small country – it is smaller by half than San Bernardino County in California. It would sink in Lake Michigan
without a trace. It has barely 8 million citizens. It has been in existence for just 60 years. But it is an economic powerhouse.
What are the facts? resources, Israel has virtually no natural resources. Its
Steady Economic Growth. Ever since its creation in 1948, principal resource is its people’s brain power. Israel’s
Israel has been involved in bloody warfare virtually without universities and technical schools are world-class, most
surcease. There were three or four “formal” wars, each of outstanding among them Hebrew University in Jerusalem
which Israel’s enemies promised to be a “war of and the Technion in Haifa, which is considered to be on the
extermination.” To use their favorite phrase, they vowed to same level as the Massachusetts Institute of Technology.
“wipe Israel off the map.” Fortunately, none of this came to The energy and resourcefulness that have enabled Israel to
pass. Despite its small size and small population and being absorb millions of immigrants and to convert a desolate land
vulnerable from all sides, Israel has prevailed in all those into one of green fields and modern cities are also reflected
wars. And it has survived the several “intifadas” imposed on in Israel’s economic development. Israel is a modern
it by the Palestinians. Despite industrial state whose output
that and despite gathering in
“The emerging nations and “third world
encompasses some of the most
millions of refugees from all advanced and sophisticated
over the world and despite
countries” should take the economy of Israel as
technology in the world. Its
having over one million an example and attempt to emulate it.” industry is concentrated in
Muslim Arab citizens, who do high technology and high-
not serve in the military and who are openly hostile to their added-value products, based primarily on scientific and
country, Israel has developed into an economic and technological creativity and innovation.
industrial power that is admired in the world. Israel is a world leader in medical devices and medical
Impressive statistics can be cited. Here are just a few: electronics, military electronics, civilian and military
Israel’s gross domestic product (GDP) was over $170 billion aviation, agri-technology, telecommunications,
in 2006. That works out to a per-capita product of over computerized graphics, cellular telephones, microchip
$20,000. It compares favorably with most long-established technology and voicemail technology, water technology and
established European countries and approaches that of the desalinization, and many others. It has 31 desalinization
United States. The United States is Israel’s most important plants, including the largest in the world, located in
trading partner. In the most recent year for which reliable Ashkalon. Warren Buffett, perhaps America’s most astute
statistics are available, two-way trade amounted to about $30 investor has recently made a $4.5 billion investment in an
billion, representing a steady 10% yearly increase over the Israeli company. When asked why he chose Israel as his first
last several years. The principal exports from the United investment outside of the United States, he replied, “Some
States include civilian aircraft, telecommunication Americans came looking for oil, so they didn’t stay in Israel.
equipment, semiconductors, and medical equipment. The We came looking for brains, so we stayed in Israel.” Scores of
two countries signed a Free Trade Agreement (FTA) in 1985, Israeli stocks are traded on NASDAQ. Next to Canada, Israel
and an Agricultural Trade Agreement (ATA) in 1996. Israel is by far the most represented country on that exchange.
also has free-trade agreements with the E.U., Turkey, Jordan, Domestic tranquility, a western legal system, the full
and Mexico. Other free trade agreements are in negotiation. infrastructure of transportation, communication and
Israel’s main exports to the United States and the world at utilities, but primarily its educated and motivated population
large are polished diamonds, electronic communication make Israel attractive to foreign investors and industry.
equipment, medical and scientific equipment, chemical Virtually all major hi-tech U.S. companies have installations
products, agri-technology, and textiles. in Israel, either manufacturing plants or research laboratories
A World Leader in Many Fields. In contrast to its Muslim or both. Such companies as IBM, Digital Equipment, Intel,
enemies, who have virtually no indigenous industry, whose National Semiconductor, Motorola and many others have
people are largely illiterate, but who have been blessed with established plants in the industrial parks mushrooming
natural riches through their almost limitless petroleum around the country’s academic institutions.
Israel’s economy is vibrant and growing, and offers countless investment opportunities in industry, agriculture, real estate,
tourism, commerce, science and medical R&D, and much more. The opportunities that abound for domestic and foreign
investors are almost limitless. What this small country has accomplished in just 60 years and against all odds is truly amazing.
The emerging nations and “third world countries” should take the economy of Israel as an example and attempt to emulate it.
This ad has been published and paid for by
FLAME is a tax-exempt, non-profit educational 501 (c)(3) organization. Its
purpose is the research and publication of the facts regarding
developments in the Middle East and exposing false propaganda that
might harm the interests of the United States and its allies in that area of
the world. Your tax-deductible contributions are welcome. They enable us
Facts and Logic About the Middle East
to pursue these goals and to publish these messages in national
P.O. Box 590359
newspapers and magazines. We have virtually no overhead. Almost all of
■ San Francisco, CA 94159
our revenue pays for our educational work, for these clarifying messages,
Gerardo Joffe, President
and for related direct mail.
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