Morgan Stanley praises Israel’s technology-based economy
Posted on April 23, 2007 • By Rebecca Markowitz
Category: Business, Technology Leave a Comment
Israel21c presents the highlights from the report:
Apr. 22 – In a report released by Morgan Stanley’s Serhan Cevik, Vice President for Middle East and North Africa, Israel’s economy received a glowing review. The report stated that Israel is already at the forefront of global technology trends. Cevik wrote that, “Israel has benefited from strong growth all around the world in the last couple of years . . (and) growth dynamics have become more balanced and therefore resilient to cyclical changes in the global economy.” Cevik remarks that, “the composition of human capital and economic sectors is a major source of productivity growth.” According to the Morgan Stanley report, one of the major factors in Israel’s economic outlook is the structural changes within the economy: “The economy’s shift to higher value-added technology-intensive sectors” results in “the positive feedback loop – from technological orientation of human capital and economic activity to total factor productivity and income growth – enhances the economy’s growth potential.
“Morgan Stanley: Israel at forefront of global technology trends” Israel21c, April 22, 2007
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