Tuesday, December 1, 2009
It's a trillion dollar question and the answer can be found in a new book investigating this modern phenomenon.
With a population of slightly more than seven million people,
leads the world per capita in technology startup companies. Israel
One reason for
's leading role is its military and the kind of innovative leaders it produces. Israel
"Veterans of the Israeli military, once they retire, join the commercial market and they apply the different cutting edge technologies in the medical market, telecommunications, cellular market, etc.," Israeli economic analyst Yoram Ettinger told CBN News.
As a result,
is credited with developing technologies like the cell phone, voice technology, and even the Intel Pentium chip. Israel
For example, in the Jewish state, 140 people per 10,000 work in research and development. The
is number two in the world, with 85 people per 10,000. U.S.
"It just shows you how robust the human factor is here in
, and the outcome has produced per capita more cutting edge technologies than any other country in the world," Ettinger said. Israel
A new book called Startup Nation, the Story of Israel's Economic Miracle, by author Dan Senor, examines how tiny
is a technological giant in today's global economy. Israel
It argues that
is not just a nation but a state of mind, and its old fashioned chutzpa goes a long way toward economic prosperity. Israel
It also shows how other nations - and individuals - can learn from
's example. Israel