Matches in DBpedia 2016-04 for { <http://dbpedia.org/resource/Economy_of_Israel> ?p ?o }
- Economy_of_Israel abstract "The economy of Israel is a technologically advanced market economy. As of 2015, Israel ranks in the top 18 nations in the world on the UN's Human Development Index, which places it in the category of \"Very Highly Developed\" — the highest ranked in the Middle East, and even surpassing European countries such as Austria, France and Finland.The major industrial sectors include high-technology products, metal products, electronic and biomedical equipment, agricultural products, processed foods, chemicals, pharmaceuticals, and transport equipment; the Israeli diamond industry is one of the world's centers for diamond cutting and polishing. Relatively poor in natural resources, Israel depends on imports of petroleum, raw materials, wheat, motor vehicles, uncut diamonds and production inputs, though the country's nearly total reliance on energy imports may change with recent discoveries of large natural gas reserves off its coast on the one hand and the leading role of the Israeli solar energy industry on the other. Israel is active in software, telecommunication and semiconductors development.Israel's quality university education and the establishment of a highly motivated and educated populace is largely responsible for ushering in the country's high technology boom and rapid economic development. With its strong educational infrastructure and high quality incubation systems for new ideas boasts a high concentration of high-tech industries in Israel, which are backed by a strong venture capital industry, gave it the nickname \"Silicon Wadi\", which is considered second in importance only to its Californian counterpart. Numerous Israeli companies have been acquired by global corporations for their reliable and quality corporate personnel. The country was the destination for Berkshire Hathaway's first investment outside the United States when it purchased ISCAR Metalworking, and the first research and development centers outside the United States for companies including Intel, Microsoft, and Apple. American business magnates and investors Bill Gates, Warren Buffett, Donald Trump as well as Mexican business magnate Carlos Slim have each praised Israel's economy and each entrepreneur has invested heavily in numerous Israeli industries that include real estate, high technology, and manufacturing beyond their traditional business activities and investments back in their home nations. Israel is also a major tourist destination, with 3.54 million foreign tourists visiting it in 2013.In September 2010, Israel was invited to join the OECD. Israel has also signed free trade agreements with the European Union, the United States, the European Free Trade Association, Turkey, Mexico, Canada, Jordan, Egypt, and on 18 December 2007, became the first non-Latin-American country to sign a free trade agreement with the Mercosur trade bloc.".
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