Land of Milk and Honey (Part 2)
Closer economic and cultural ties of the Philippines with Israel can help us accelerate the improvement of both our educational system and our technological sector. As reported in Wikipedia, Israel’s quality university education and the establishment of a highly motivated and educated population are largely responsible for ushering in the country’s high technology boom and outstanding economic development. Its highly developed educational system, especially at the university levels, coupled with an effective incubation system for new cutting edge ideas to create value driven goods and services have allowed the country to create a high concentration of high-tech companies financially backed by a strong venture capital industry. It has a central technology hub called “Silicon Wadi” only second in importance to the original Silicon Valley in California, USA. A good number of Israeli companies have been acquired by global corporations for their reliable and quality technical personnel. The country was the destination for Berkshire Hathaway’s first investment outside the U.S. when it acquired ISCAR Metalworking, and the first research and development center outside the U.S. established by high-tech giants Intel, Microsoft, and Apple.