Comment by ars
4 years ago
> I think the biggest problem is the small home market / fragmented market.
That doesn't explain why Israel doesn't have this problem, they have an even smaller home market. They just sell internationally.
4 years ago
> I think the biggest problem is the small home market / fragmented market.
That doesn't explain why Israel doesn't have this problem, they have an even smaller home market. They just sell internationally.
Israel is economically very tightly integrated with the US, they have the oldest Free Trade Agreement with them (1985). One third of their exports go to the US and having such an old FTA means it has become very cheap for companies to setup branches overseas.