by Yoram Ettinger
According to the Huffington Post: "The emergence of Israel as a small, but significant, player on the world stage is one of the remarkable developments at the end of the post-Cold War era.
Chinese 
telecommunications conglomerate Xinwei recently announced it would be 
acquiring Israeli satellite operator SpaceCom for $285 million. In 2015,
 Chinese companies invested about $500 million in Israeli companies. 
Israel's trade balance with China is $11 billion -- 10% of Israel's 
overall trade balance -- double the trade balance in 2010, far from the 
$50 million in 1990. 
Chinese companies are 
investing more in Israel than ever before, and Israeli companies and 
government officials are returning the embrace. China is increasingly 
investing private and government funds in Israeli high-tech, agro-tech, 
and irrigation companies. In 2015, China's Bright Food bought control of
 Israel's Tnuva for $2 billion, and in 2011 China's National Chemical 
Corp. acquired Israel's Adama, a pesticide and crop protection company, 
for $2.4 billion. Taiwan's General Mobile Corporation acquired 
MassiveImpact, an Israeli advertising technology company, for tens of 
millions of dollars. 
The Israeli high-tech industry is not the sole interest of foreign investors. 
Automotive giant Ford, 
which is determined to develop a driverless car by 2021, recently made 
its first acquisition of an Israeli company, SAIPS, a computer vision 
and machine learning company, and Israel's NLT was acquired by the San 
Diego-based SeaSpine for $54 million in milestone payments. The 
Minnesota and Ireland-based Medtronic, the world-largest standalone 
medical technology company, acquired an additional 3.4% of Israel's 
Mazor Robotics for $20 million, expanding its ownership to 7.27% of 
Mazor. Israel's Insightec concluded a joint venture agreement with 
Germany's Siemens, following a similar agreement with GE. 
The $3.3 billion raised
 by Israeli startups since January, 2016 may break the $4.4 billion 
annual record set during 2015. Intel invested in three Israeli startups,
 expanding its Israeli investment portfolio to 80 startups with $345 
million invested since 1997. 
In 2016, the three 
leading global credit rating companies reaffirmed their confidence in 
the long-term viability of Israel's economy. 
Standard & Poor 
sustained an A+ rating with stable outlook, Fitch upgraded Israel's 
credit rating outlook to "positive," while retaining its A rating, and 
Moody's sustained an A1 rating with stable outlook. 
Israel's government 
debt-to-gross domestic product ratio, the Achilles' heel of most 
countries, has been reduced from 100% in 2002 to 63.9% in 2016, compared
 with the euro bloc's 90.7% and the OECD's 94%. Israel's unemployment 
rate has declined to 4.8%, compared to the OECD average of 6.3% and the 
euro bloc's 10.1%. 
Israel's IDE is second 
on Fortune Magazine's Change the World List of companies, which have had
 a positive social/business/innovation impact. IDE builds and operates 
major desalination plants in Israel and 40 additional countries, such as
 the U.S. China, Mexico, etc. In Carlsbad, Southern California, IDE 
operates the largest desalination plant ($1 billion) in the Western 
hemisphere, transforming seawater into potable water, providing 8% of 
San Diego county's water, at a cost of less than 0.5 cents per gallon of
 drinking water, which amounts to an additional monthly cost of only $5 
per homeowner.
According to the 
Huffington Post: "The emergence of Israel as a small, but significant, 
player on the world stage is one of the remarkable developments at the 
end of the post-Cold War era. … With a flourishing economy of $300 
billion and nearly $40,000 GDP per capita ... its military was rated by 
the Institute for the Study of War as pilot to pilot and airframe to 
airframe, the best air force in the world. ... Israel's extensive work 
on air defense with the U.S. makes it a serious military power. ... Its 
intelligence capabilities are formidable.
"With over 250 foreign companies 
creating research facilities in Israel, its strong high-tech capability 
has been rated by the University of Lausanne as one of the top five 
world powers in this key area. ... Apple has invested over a billion 
dollars in creating a hardware development center with 800 employees. 
... Three of the world's most powerful countries have invited Israeli 
companies to work with them in high tech [the U.S. Russia and China]. 
Israel is also developing a strong relationship with India: $5 billion 
in trade, which could multiply to $15 billion if the two sides decide to
 create a free-trade zone. Israel is the second-largest exporter of arms
 to India, preceded only by Russia."
                    Yoram Ettinger
Source: http://www.israelhayom.com/site/newsletter_opinion.php?id=17027
Follow Middle East and Terrorism on Twitter
Copyright - Original materials copyright (c) by the authors.
No comments:
Post a Comment