Abstract

In recent years the Israeli economy has undergone fundamental changes. An entirely new class composition was created by the ex-Soviet migrations of the 1990s. Markets for traditional Israeli produce became more restricted. The Internet created the conditions for transnational exports of high-value immaterial labour products to replace previous low-value products with high transit costs. And the nature of the new knowledge economies opened new interstitial possibilities for insertion. A new and technically skilled workforce proves capable of creating the flows of innovation that are the precondition for the survival of the large capitalist firms of this and the preceding era. Among other things, Israeli companies are particularly well-suited to meet the new demand for biomedical products.