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Wednesday, April 7, 2010 as of 11:14 AM ET

The Casone Exchange
  • March 7, 2010 07:58 PM UTC by Cheryl Casone

    Investing in Israel: Intellectual Capital

    We concluded our “Opportunity: Investing in the Middle East” series by moving away from frontier markets to focus on the market of Israel.  It is a poweful force with regards to the economy, but it is intellectual capital that drives Israel.  It is a state the size of New Jersey but has a 97 percent literacy rate, more PhD’s and nobel prize winners per capita than the most countries, and more Nasdaq listed companies than China and India combined.

    There are many reasons the State of Israel had to develop the mind: lack of natural resources, isolation geographically, and military power.  The latter was discussed in my interview with President Shimon Peres, which I’ll write about tomorrow, and he told me that because Israel has had to defend itself against its Arab neighbors for decades, their military technology prowess spilled over into overall IT and medical technology specifically that is driving growth today.  Israel looks to the future and it is life sciences they are building upon now. 

    For now I’m dealing with some serious jet lag and a pile full of mail before I go back to the studios of Fox Business.

    CC

Bob Hickerson

Cheryl, The Israelis are really inventive. Case in point: The Galil rifle. It has a can opener and a wire-cutter bipod. During the 6-Day War, one of the problems was that they damaged their FN-FAL rifles doing the same tasks. Or, there were caualties in breaching barbed wire. They took elements of the FAL, the AK-47 and the M-16 and made them into the Galil. BobH

March 8, 2010 at 7:38 pm

about this blog

  • Cheryl Casone joined FOX Business Network (FBN) in September 2007 as an anchor. Prior to FBN, Casone served as a correspondent for FOX News Channel’s (FNC) business unit and was a regular guest on FNC’s Your World with Neil Cavuto. Casone brings years of experience covering finance, business, and consumer news to FBN.

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