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Building capitalism transformation former soviet bloc | Economic development and growth
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Israel as the Start-up Nation
On
By Obadiah Mailafia
ISRAEL is a small country of nine million, with a landmass of 20,22,145 km2 – about the size of Cross River State. Niger State, with a landmass of 76,363 km2, is more than three and a half times the size of Israel. Most of the country is desert, with little or no natural resources.
Within 70 years, however, the desert has been transformed into a blooming garden, with flourishing cities such as Jerusalem, Tel Aviv and Haifa. Israel is a prosperous democracy and a world leader in several technological fields.
With a GDP of $387.7 billion and per capita income of $42,823, Israel is way ahead of Nigeria, a resource-rich country of 206 million people, with a GDP of $443 billion and per capita income of $2,149. Israel scores impressively on the Human Development Index, with 0.919 and 9th place out of 189 countries. Our HDI is 0.539 and number 161 on the global league.