National Issues:

 

All citizens - drafted into IDF post-high school

Orthodox – illegal to serve in military

Alternative - studying Torah in Yeshiva

Not counted in labor force - demotivated, unskilled workers

Soldiers – ‘unfair’ that Orthodox are exempt from service

Orthodox - eat away at social welfare programs - unemployment insurance/food stamps

Religious women – do not work - conservative role in home

Actual Unemployment rate = 12-13%

What to do next? Mandatory Service? Cut Funds?

 

Start-up Nation – By Dan Senor & Saul Singer

 

Considered ‘Bible’ of Israel

Described Israel as ‘the starting and ending place for all social entrepreneurship in the developed world.’

Countries have “much to learn from Israel”

About 2 start-ups are founded every day

Venture Capital Investments per Capita:

Israel = about 255      United States = 100

63 Israeli Companies - on NASDAQ

More than China, Germany, India, the U.K., Japan, and Singapore combined. (U.S. is first)

 

Israeli Success Stories

“ReWalk is the only FDA-listed motorized exoskeleton available to aid paraplegics

to regain their upright mobility. Under the supervision of healthcare professionals,

people with paralysis below the waist can be trained to use ReWalk

to stand, sit, walk and climb stairs.”

http://www.youtube.com/watch?v=MTV1BFAlNMo&feature=player_embedded

 

The Future:

 

Dead Sea is evaporating - loss of billions in revenues from exports

Most companies sold after inception

No noteworthy companies, only R+D centers

Product based fame (chips, medicine)

Good or bad? (Example – Nokia-Finland)

Where is the ‘Facebook’ of Israel?

Is the grass greener on the other side?

Shortage of scientists and engineers - brain drain? or brain circulation?

Iranian conflict consumes foreign affairs

Predictions - no water in 20 years

Water - 75% is recycled (most worldwide)

Soaring home prices, loose monetary policies, easy loans, speculative buying - Israeli housing bubble likely to occur (U.S.)

 

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