By Mark Schaub and Ray Black King & Wood Mallesons’ FDI Group
More than any other country,China has greatly benefitted from globalization. In the last 25 years China has risen to become the world’s workshop and a manufacturing giant.
However, there has been a small country that has undergone its own transformation in recent decades. Israel, a country in a “challenging” neighbourhood with a very limited domestic market, has become a technology innovation powerhouse. Indeed Google Chairman Eric Schmidt considers that “Israel has the most important high-tech centre in the world after the US.”
These two very different yet very complimentary countries are likely to find great scope for collaboration in the coming decades. They are certainly now looking for it.
Continue Reading Start Up Nation meets Buy Up Nation: How Israel can Play a Major Role in Making China an Innovation Giant