By Alex Brummer, January 20, 2011
Israel's recent economic success is indisputable. While much of the global economy was struggling to escape the 'great recession' in 2010, growth in the Jewish State climbed by four per cent, fuelled by a high-tech sector that represents an astonishing 40 per cent of exports.
But Israel has been viewed globally as something of a one-trick pony, dangerously dependent on one industry, which has been the main driver for the Tel Aviv Stock Exchange (TASE). That has now changed dramatically.