Israel has been described as the Silicon Valley of the Mediterranian.
Check out this 2008 article about Israel from Fox Business.
Israel’s Technology Creates an Investment Goliath
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.
Israel’s economy is robust, despite a government rife with scandal and an impasse with the Palestinians over the fate of the West Bank and Gaza.
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