Wednesday, 21 February 2018

Israel's low tech economy - Ireland top of the League

When Israeli Prime Minister Benjamin Netanyahu boasts about his country’s powerhouse technology, he glosses over the fax machines that banks still use, the homes that take nearly three years to build and the classrooms that don’t have a single computer.

Behind Israel’s shiny reputation as a locus of innovation lies the low-tech reality of much of the country’s economy, which stilts growth by reducing productivity. Israel ranks 23rd out of 35 nations on the OECD’s productivity scale. More of this story can be found here.

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