Does conflict halt Israel’s growth?

In the book, “Start-Up Nation,” there is an entire chapter talking about the Israeli mindset; how terrorism and war never affects work ethic.

Intel has a few D&P centers in Israel. During a rain of rockets fired near one of the centers during the Second Intifada, the Israeli workers continued work as normal, stopping only to seek shelter from the rockets. The book considers this as part of the reason why Intel is so successful, being that Israel has a huge percentage of the company’s profits. In 2005, Intel Israel exported $1.2 billion, over 14 percent of Israel’s sum total of exports. The Israeli workplace was never closed. That is the essence of the Israeli work ethic.

It is a common misconception that war halts this country’s GDP. Israel has seen tremendous growth in its GDP since the last war, and is growing exponentially. The last time I saw a chart with this kind of growth was my weight gain since 8th grade.

Notice that in 2012, with a GDP growth of $25 billion dollars, Israel was hit by 800 rockets from Gaza! And it is only November!

Israel’s security will not affect business. The economy has grown like wildfire since its creation in 1948.

[bra_team_member member_name=”Elan Yudkowsky” member_position=”Intern at OurCrowd” member_img_src=”https://blog.gold.ocdvlp.com/wp-content/uploads/2012/10/elan.jpg” member_social_list=”LinkedIn, http://www.linkedin.com/pub/elan-yudkowsky/5a/689/649″ member_columns=”2″]Elan Yudkowsky is an intern at OurCrowd. He will be attending the University of Maryland in the Spring.[/bra_team_member]