Monday, March 06, 2017

Contra Free Market From Israel?

Conservatives tend to be more supportive of Israel these days.  The nation has long since put the kibbutz behind them and is now a booming economy, with particular expertise in IT, high tech and military equipment.  The World Bank has a piece on how that's happened, including this:
Hasson highlighted the key role played by public-private partnerships over the last 40 years. Those partnerships have resulted in the establishment of an innovation infrastructure — including educational and technical institutions, incubators and business accelerators —anchored within a dynamic national innovation ecosystem built around shared social goals.

Specifically, to reduce the risk for investors, the government has focused on funding technologies at various stages of innovation — from emerging entrepreneurs and start-ups to medium and large companies. Strengthened by that approach, the Israeli ecosystem is maturing: according to Hasson, mergers and acquisitions have increased and exit profits have almost tripled over the last three years, with more and more new projects being started by returning entrepreneurs.

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