(Seeking Alpha) Marc Lichtenfeld - Israel's previously labeled "emerging market" is now the 17th most developed in the world. In 2013, its GDP is projected to grow 3.8%, versus 2.5% in the U.S., and it has an unemployment rate of 6.6%. It spends more on education as a percentage of its budget than the U.S. The nation avoided the mortgage meltdown that affected dozens of other countries. Its central bank has been called one of the best-run in the world. It's a hotbed of technological innovation. All this, despite a population of less than eight million - and being surrounded by enemies.
2013-01-18 00:00:00Full ArticleBACK Visit the Daily Alert Archive