Israel often maintains huge deficits on its current account. These deficits mainly come from financial transactions with foreign countries and foreign borrowings. Although some economists also believe that these deficits reflect Israel's mature market economy. feature. Israel has extensive oil refining, diamond mining, and semiconductor manufacturing industries. According to the World Bank, Israel has the best-run economy in the Middle East with the best protection of property rights.
About half of the Israeli government's external borrowing is owned by the United States, usually from economic and military support. There is also a large portion owned by individual investors, usually through the Israeli public debt program. U.S. purchases, combined with public debt purchases by individual investors, allow the Israeli government to borrow money, sometimes at below-market interest rates.
Israel's high-quality university education and the creation of a highly motivated and educated population are largely responsible for driving the country's high-tech prosperity and rapid economic development.
24% of Israel’s working population has a college degree, making Israel the third most educated country among industrialized countries, after the United States and the Netherlands. 12% of the population has a college degree or above.
In recent years, the diamond industry, which is quite important in Israel, has also been affected by changes in the industrial environment and increased competition from the Far East.
Israel is the most powerful, modern and economically developed country in the Middle East and is a developed country. It has one of the best-managed economies in the region with the best protection of property rights. Israel has also made outstanding contributions to the development of science and technology.
Israel is the only developed country in the Middle East. Israel's high-tech industry is world-famous, with advanced technologies in military technology, electronics, communications, computer software, medical equipment, biotechnology engineering, agriculture, aviation and other fields. Its electronic surveillance system and unmanned aircraft are very advanced and have a high reputation around the world. Israel has more than 80 Nasdaq-listed companies, ranking third in the world after the United States and Canada. These include TEVA, the world's largest generic drug pharmaceutical company, CheckPoint Software Technology, the largest Israeli company, and global network security product giant, and Elbit Systems, a well-known defense contractor. Israel is regarded as the country with the highest level of economic development, commercial freedom, press freedom, and overall human development in the Middle East.
Israel, which has 14 Nobel Prize winners, immunology scholar Ruth. Ruth Arnon and scientist *** co-invented the immune system drug Copaxone, which takes care of 250,000 multiple sclerosis patients around the world
Israel is the most industrialized and economically developed country in the Middle East. Israel has a well-developed market economy, but the government also provides certain management. Israel is a mixed economy with a high degree of industrialization, dominated by knowledge-intensive industries, and high technical levels in high value-added agriculture, biochemical, electronics, military and other sectors. Israel's overall economic strength is strong and its competitiveness ranks among the best in the world.