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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Katelew who wrote (27297)	4/26/2002 4:46:37 PM
From: William B. Kohn	Read Replies (1) \| Respond to of 281500

that 16.5% of GDP also provides about 30% of the real wages of Israel, and given the high income tax rates in Israel those are significant dollars into the coffers. Besides it appears that you don't know much about the Israeli economy if all you can come up with is Amdocs and Teva. What about the major R&D efforts from small companies like SUN, IBM, Intel, Microsoft, HP. What about their defense establishment which competes and wins US military contracts more than any other country in the world, like IAI. Domestic consumption of high technology appears to also be a few % of GDP, so I still believe that the major factor affecting the Israel economy is the worldwide slowdown in High Technology. Couple that with the effects of Terror and you've nailed what is goin on in the Israeli economy.