№112: Israel’s High-Tech Economy
The high-tech sector is the most important element of the Israeli economy. It is the main source of foreign investment in Israel and generates more than half of the country’s exports. The sector’s development is driven by the growing global demand for digital products and services, partly the impact of the COVID-19 pandemic, and for new solutions in areas like artificial intelligence (AI) or climate protection. Israel uses its technological potential to strengthen its international position and as a tool in relations with other states. At the same time, Israel’s high-tech sector model strengthens social inequalities, benefitting only a part of the citizenry.
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