Total Entrepreneurial Activity
for 2004 = 6.6%
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here for more about TEA
World Average TEA 9.6
Middle Eastern Average TEA 13
Entrepreneurship
in Israel
The working environment has changed from most people
working for large government-owned organizations to a
situation where most workers are now employed by smaller
privately held firms. The entrepreneurial spirit in Israel
is still active and is even growing. Israel is at the
forefront of technology. Israel is known as “Silicon
Valley II.” There are over 100 Israeli businesses
that trade on the NYSE, NASDAQ, and AMEX equity markets.
Outside of Canada, there is no other country that has
more companies represented. The government of Israel believes
that the country’s economic future depends on the
technological industry in Israel. They have begun a program
to help entrepreneurs who have bright technological ideas.
The program enables the entrepreneur to turn the idea
into a product.
Israel has many advantages as a business partner and
one major disadvantage. The major shortcoming that gives
pause to use of Israel as the site of an offshore manufacturing
or assembly center for partially finished goods is the
continuing political situation involving the aspirations
of the Palestinians for a homeland. This Palestinian quest
includes, for a significant faction of Palestinians, the
elimination of Israel as a political entity. The situation
has been stalemated over the last four years with the
resumption of the intafada during 1990. The death of Arafat
in late 1994, together with Israeli Prime Minister Sharon’s
policy of withdrawal from Gaza and building of a wall
separating Palestinian occupied regions, offers some possibilities
for movement towards a permanent resolution of differences
and a lasting peace. The continuing prospect of violence
in Israel creates an additional level of risk that, currently,
is not present in many other parts of the world.
As the site of business partners providing exports to
the U.S., Israel offers many advantages. These include:
(1) an entrepreneurial population; (2) governmental policies
that encourage entrepreneurship and small businesses;
(3) a high level of education; (4) a tax structure that
encourages entrepreneurship.
When and if the Palestinians and Israel reach a peace
agreement, Israel would be an ideal place to locate an
assembly site for U.S. goods that eventually would be
exported to the EU. This is the case because both the
U.S. and the EU have tariff treaties with Israel that
could potentially eliminate all tariffs between U.S. goods
assembled in Israel for ultimate export to the EU.
Best
Bets
Israel
1999 GEM National Report
Incubator.org
Supports New Business Projects in Israel
The Center for Entrepreneurial Studies and Practices
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on the folder to see the contents.
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Entrepreneurship
