Technology and Innovation in Israel: Advancing Competitive Position in a Global Environment

Abstract

The question that stands at the heart of this research is, based on the Israeli experience: how technology is changing society? Such question is extremely important, as countries seek to advance in their competitive position in a global environment. The assumption made here is that competition between countries has accelerated with the development of technology, as the distinction between developed and developing countries became apparent. That brings up the question: what is needed to build comparative advantages and be successful in a global world? Israel is a remarkable example of global competition, as high-tech development has been based on the performance of the country in the field of innovation. However, as the research demonstrates, the contradiction in Israel’s status is evident in the supremacy of the country in technological advancement and the weaknesses in social-economic development. This proves the dilemma countries face in advancing technology: while it is obvious that both technology and globalization have a great and positive impact around the world, they have been negative for the socio-economic gaps and inequality. This is where the role of developing countries is apparent in establishing a successful high-tech industry and a growing global economy, despite social disadvantages.