On innovation, Israel is the place to watch

The one story that has been largely missed despite the extensive media coverage of Israel, is that key economic metrics demonstrate that it represents the greatest concentration of innovation and entrepreneurship in the world today.

Israel will always be a small country in territory and population, so Israel can never become a large market or develop mass industries. But while size grants the advantages of quality, smallness creates an opportunity to specialise in quality. Israel’s only option has been to pursue quality based on creativity.