Israelis who count on U.S. recovery are dreaming

The U.S. remains Israel’s most important market, but its economic recovery is stalling.

In recent years the Israeli government and the Israeli private sector have been very busy diversifying export markets and sources of financing and investment. They have concentrated on South Asia and the Far East, especially but not only India, China, Japan, South Korea and Taiwan. These countries and others have proven to be vital resources for the Israeli economy and in the case of China, an eager participant in joint educational projects as well. Continue reading