Israel, tech and a virtuous circle of wealth

Three-quarters of a century ago, the state of Israel didn’t exist. Today, it is a leader in technologies ranging from plant-based meat to cybersecurity. Huge sums of new wealth are being created by ambitious entrepreneurs, much of it recycled into new ideas by risk-taking investors.

Private banking in Israel is a circular and self-fulfilling success story.

The story of a country that didn’t exist 75 years ago and whose mere presence on the map of the Middle East divides opinion is one that’s well told. So is its extraordinary rise to become a global leader in everything from water-tech to cybersecurity.

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What isn’t as well appreciated is the unique nature and fluidity of an advanced economy that’s efficient at creating new streams of private wealth via sectors and innovations that until recently did not exist.

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