It is with interest that we note that Israel's economy is firmly entrenched in its quality of flexibility. Most countries base their economies on natural resources. South Africa has its minerals. America has become the world's food basket. However, the case with Israel is vastly different. During the Second World War Israel found it difficult to import pharmaceuticals. This led to the founding of the pharmaceutical industry. Teva Pharmaceutical has become the world's number one generic company. During the Six Day War it became clear that France had embargoed arms. Faced without a supplier Israel began to develop its own defense Industries. Today it is the fourth largest exporter of defense material in th e world..
The same was true about this country's water supply industry. An engineer noted that a plant was being drip irrigated. This marked the irrigation industry. Recentiy NetFind, a leading supplier of drip irrigation, was sold for nearly $1.0 b.
It is interesting to note the changes in the country's economy. In the 1950s citrus growing was the leading export item. Today one cannot see any orange groves.
The country's diamond industry was also founded as a result of Jewish immigrants from Holland and Belgium. Today Tel-Aviv is one of the world's largest diamond centers in the world.
It is interesting to note the changes in the country's economy. In the 1950s citrus growing was the leading export item. Today one cannot see any orange groves.
The country's diamond industry was also founded as a result of Jewish immigrants from Holland and Belgium. Today Tel-Aviv is one of the world's largest diamond centers.