ABSTRACT
Since the late 1960s, fast-growing high-technology industries in electronics, aeronautics, precision instruments, optical equipment, biotechnology, and subsectors of the chemicals, metal products, and machinery industries, have been perceived as Israel’s greatest hope for economic advancement. Israel has lacked significant advantages based on either natural resources (except for potash), access to capital, or geopolitical position. Its only major advantage has consisted of a relative abundance of human capital, making Israel a favourable location for research and development activities and for high-technology industries.
