JERUSALEM, Israel -(AP) — It's well known that the emergence of India and China is casting a shadow on the developed economies of Europe and North America. Less famous is the challenge facing Israel: With the Jewish state having quietly prospered as a global haven of innovation, key players here are asking whether the Asian giants might steal their high-tech thunder.
The laundry list of Israeli achievements is surprising for a country of just 7.6 million. The country helped give the world instant messaging, voicemail, and Internet telephony. Its nanotechnology has enabled great advances in medicine.
It boasts of more companies on the technology-focused Nasdaq exchange than any other place outside North America, and houses research and development centers for multinational giants like Microsoft and Intel.
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