Israel's Technology Creates an Investment Goliath

[FOXBusiness] Donald Snyder - Israel, with fewer than 7 million people, has become a Goliath in the world of technology and medicine. It is third only to America and Canada in the number of companies listed on the Nasdaq, ahead of economic powerhouses like Germany, England and China. Bruce Aust, executive vice president of Nasdaq , said 75 Israeli companies worth a total of $60 billion are listed. American troops use Israeli portable digital x-ray machines in Iraq and Afghanistan that don't require film for developing and are used in battlefield situations. "The quality of their post-doctorates in medicine, nanotechnology and software development is rather incredible," said Marc Stanley, a technology official at the U.S. Department of Commerce who is involved with fostering collaboration between American and Israeli technology companies. Experts attribute the nation's success to a confluence of cultural and systemic factors, such as Israel's highly educated and motivated immigrant population.

2008-01-18 01:00:00

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