The Effect of Russian Immigration on the Israeli Economy
The Effect of Russian Immigration on the Israeli Economy
Executive Summary
Throughout history, there have been many periods of mass immigration of Russian Jews into Israel and the Middle East. Most recently, the fall of the Soviet Union has enabled over one million Russian Jews to move to Israel. As expected, this influx of people had a significant effect on Israel’s population and economy. The purpose of this essay is to discover what role this flood of immigrants played on Israel and Russia, and how each of the country’s economy has been affected by these changes.
My findings show that Russian Jews played a significant role in the emergence of a successful Israeli market-based economy. Because the majority of Russian immigrants arrived in Israel with a high-level of education, the swell of intelligence allowed Israel to develop their high-tech industry into what has become a worldwide leader. As foreign investors began to notice the wealth of technological knowledge in Israel, venture capital in the country has increased, with many corporations such as Intel and Microsoft setting up manufacturing and R & D centers throughout the country. While the technology sector in Israel would have remained competitive without the fall of the Soviet Union, the influx of Russian brainpower to the country has certainly contributed to its worldwide prowess in the industry.
Throughout history, the infusion of Russian Jews into the Middle East has played a large role in the creation and development of the Israeli state. From the yishuvs of the early 1900s, which laid the foundation for the Israeli economy, on through immigrants of present day, each group has had an impact on the country. Over the past twenty years, the political and economic environments of both Israel and Russia have changed drastically, largely due to significant economic reforms which have helped their transformations. By looking at the economic histories of both countries,
Executive Summary
Throughout history, there have been many periods of mass immigration of Russian Jews into Israel and the Middle East. Most recently, the fall of the Soviet Union has enabled over one million Russian Jews to move to Israel. As expected, this influx of people had a significant effect on Israel’s population and economy. The purpose of this essay is to discover what role this flood of immigrants played on Israel and Russia, and how each of the country’s economy has been affected by these changes.
My findings show that Russian Jews played a significant role in the emergence of a successful Israeli market-based economy. Because the majority of Russian immigrants arrived in Israel with a high-level of education, the swell of intelligence allowed Israel to develop their high-tech industry into what has become a worldwide leader. As foreign investors began to notice the wealth of technological knowledge in Israel, venture capital in the country has increased, with many corporations such as Intel and Microsoft setting up manufacturing and R & D centers throughout the country. While the technology sector in Israel would have remained competitive without the fall of the Soviet Union, the influx of Russian brainpower to the country has certainly contributed to its worldwide prowess in the industry.
Throughout history, the infusion of Russian Jews into the Middle East has played a large role in the creation and development of the Israeli state. From the yishuvs of the early 1900s, which laid the foundation for the Israeli economy, on through immigrants of present day, each group has had an impact on the country. Over the past twenty years, the political and economic environments of both Israel and Russia have changed drastically, largely due to significant economic reforms which have helped their transformations. By looking at the economic histories of both countries,
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