Because Israel has a few natural resources of its own Israel must sustain his economy VIX. What has Israel pivoted to in an effort to grow the economy?

1 answer

Israel has pivoted to technology and innovation as a key driver of its economy. The country has a thriving tech sector, often referred to as the "Startup Nation," with a high concentration of tech startups and multinational tech companies operating in Israel. The government has also implemented policies to encourage entrepreneurship and innovation, such as providing funding and support for startups, creating tech hubs and accelerators, and investing in research and development. Additionally, Israel has a strong focus on exporting technology and has become a global leader in areas such as cybersecurity, artificial intelligence, biotechnology, and more. These efforts have helped Israel's economy grow and diversify, making it less reliant on natural resources for economic sustainability.