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 distinc-tion 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 demon-strates, the contradiction in Israel’s status is evident in the supremacy of the country in technological advancement and the weaknesses in so-cial-economic development. This proves the dilemma countries face in ad-vancing technology: while it is obvious that both technology and globaliza-tion have a great and positive impact around the world, they have been nega-tive for the socio-economic gaps and inequality. This is where the role of developing countries is apparent in establishing a successful high-tech in-dustry and a growing global economy, despite social disadvantages.