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Old 8th December 2006, 03:32   #2
Livni
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kappa, the israeli oil is high tech, which cant live without globalization.
in 1990 there were 5000 less high tech companies than there are now.
in 1990 our foreign investment was close to zero, now its over $20 billion
this year alone and thats a year we had both war and elections in.
globaliziation means israeli construction companies are now inolved in buildingin 60 countries, yes - 60!
almost every field, its today not a question of if, no country can survive alone end of story. the good thing is that our hightech "oil" for investment is maybe 1/100th of what its potential for growth still is.
multinational big companies means israeli exports reach new markets, upgrade their quality, and for a small country its
probably the only way to grow a big industry. Just see teva, from a local small company it has managed to grown to
the worlds largest generic drug maker through globalization, nothing else.
the success here of local companies probably employs 2 times more overseas people, but it also means that the centers here can grow
like r&d, production, management.
our field is not toys, textiles or consumer goods, we dont have huge workforce, our advantage is inventions and patents and creativity.
if china mass makes boxes, what we can do is invent better boxes and sell the idea. we will never be china, and if you look at EU countries being one big block hasnt helped them be a "china" also, their economies still function apart, just look what happened when Volkswagen closed this week a plant in Brussels..
our fields are high tech, medical tech, biotech, water tech, agriculture tech, software - they will only grow and grow in future.
If you look at small countries our size they all follow the same model of specialization, if its switzerland or if its new zealand.
So there is no going back we have to be the best in what we do, and you can see the results.
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Last edited by Livni; 8th December 2006 at 04:08.
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