The Development of Business Education in a Young, Entrepreneurial Country: The Case of Israel
Located on the East Coast of the Mediterranean basin, south of Lebanon and north of Egypt, the state of Israel is a young, democratic country that has a small, open economy. In 2011, it had a population of around 7.5 million and an estimated GDP per capita PPP of about $30,000. During the last decades, Israel has emerged as an important global center of innovation and growth (Saxenian, 2007; Senor and Singer, 2009). Its prosperity and economic success seem to be related, in part, to its ability to encourage entrepreneurship at the individual, business and national levels (Almor, 2000; Avnimelech and Teubal, 2004 a; Avnimelech and Schwartz, 2009; Dashti, Schwartz and Pines, 2008; Pelzman and Shoham, 2006; Schwartz and Bar-El, 2007; Sperling, 2005). Israel’s entrepreneurial success, found in different knowledge-intensive and venture capital (VC) industries, seems to be related to the coun- try’s investment in higher education and the Jewish culture, which has always encouraged learning.
KeywordsVenture Capital Business School Academic Education Undergraduate Degree Academic Entrepreneur
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